Trump says EU could face 35% tariffs if it fails to make $600bn investment ‘gift’
Trump says EU could face 35% tariffs if it fails to make $600bn investment ‘gift’
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US president Donald Trump also said that if the EU fails to meet its investment promises under the EU-US deal, the bloc will face tariffs of 35%.
He said:
“They bought down their tariffs. They paid $600bn and because of that I reduced their tariffs from thirty percent down to fifteen percent, and a couple of countries came, ‘How come, the EU is paying less than us’, and I said well, because they gave me $600bn.
And that’s a gift, that’s not like, you know, a loan … they gave us $600bn that we can invest in anything we want.”
He added:
“The details are, $600bn to invest in anything I want, anything. I can do anything I want with it.
And the purpose was, they’ve been, you know ripping us to so many years that it’s time that they pay up and they have to pay up.”
