President Trump proclaimed Tuesday that “Tariffs are the best!” as he threatened new penalties forward of what are more likely to be hardball commerce talks in Washington with European officers.
“Tariffs are the best! Both a rustic which has handled the US unfairly on Commerce negotiates a good deal, or it will get hit with Tariffs. It’s so simple as that –and everyone’s speaking! Keep in mind, we’re the ‘piggy financial institution’ that’s being robbed. All shall be Nice!” Trump tweeted early Tuesday.
Approaching the heels of Trump’s contentious session with NATO allies earlier this month, European Fee President Jean-Claude Juncker is assembly with Trump on Wednesday to speak commerce.
Trump has used the tariff menace as leverage to pursue new commerce preparations, and already angered European allies by imposing a 10 % tariff on aluminum imports and 25 % tariff on metal imports.
Trump now could be threatening to place a 20 % tariff on all European-made vehicles coming into the US.
“Nations which have handled us unfairly on commerce for years are all coming to Washington to barter. This could have taken place a few years in the past however, because the saying goes, higher late than by no means!” Trump tweeted.
The president’s assembly with Juncker takes place two weeks after his NATO summit in Brussels, the place Trump tangled with NATO allies over protection spending — compounding tensions that already had risen over tariffs and commerce.
Trump, in March, first introduced the tariffs on metal and aluminum. They grew to become efficient in mid-March, with exclusions for Mexico, Canada, and the EU.
However in Could, the Trump administration carried out the tariffs on allies, prompting retaliatory tariffs on U.S. items. Final month, the EU started slapping tariffs on American imports like bourbon, peanut butter and orange juice.
A spokesman for the European Fee, a part of the European Union, stated on Monday that there could be “no gives,” and that the upcoming assembly is as an alternative a “dialogue.”
“I don’t want to enter right into a dialogue about mandates, gives as a result of there aren’t any gives,” the spokesman stated, in accordance with Reuters. “It is a dialogue, it’s a dialogue and it is a chance to speak and to remain engaged in dialogue.”
Final month, Harley-Davidson additionally introduced the corporate would transfer manufacturing of European-sold bikes overseas to keep away from the elevated tariffs imposed on American imports.
The Related Press contributed to this report.