Trump called on the EU to buy $350 billion in US energy tariff relief
According to the European edition of the US Political News Network, US President Donald Trump said on the evening of the 7th that the EU must commit to buy $350 billion worth of US energy in order to obtain US tariff relief.
However, Trump also mentioned that he is willing to make a deal with the EU if the EU promises to close the gap with the United States in goods trade.
"We have a $350 billion trade deficit with the EU, and that's going to disappear very quickly." Trump said: "One of the ways to make this trade deficit go away easily and quickly is that the European Union has to buy energy from us... They can buy energy, and we can cut $350 billion in a week. They have to buy, and commit to buy, the same amount of energy."
When asked whether his global tariffs were a tough negotiating tactic or a permanent measure, Trump said, "They can be permanent or they can be negotiated because we need something other than tariffs."
Asked by a reporter at the news conference if there were two or three countries on his list that had made faster progress in reducing tariffs, Trump referred to the European Union, "The European Union." I mean, as bad as they've treated us, they've pretty much eliminated the auto tariffs. I guess they cut it to 2.5 percent, and I hear it could go to zero."
The United States announced tariffs on all trading partners on the 2nd, provoking a global trade war and triggering a strong reaction from the international community. On the 7th, the European Commission proposed to member states to impose 25% tariffs on some US products. It is reported that the relevant tariff measures are expected to officially take effect on April 15, but most of the tariffs are expected to start in mid-May. Internal EU documents show that the tariffs on a wide range of goods also include diamonds, eggs, dental floss, sausages and poultry. Eu member states will vote on the proposal on the 9th.
However, Trump also mentioned that he is willing to make a deal with the EU if the EU promises to close the gap with the United States in goods trade.
"We have a $350 billion trade deficit with the EU, and that's going to disappear very quickly." Trump said: "One of the ways to make this trade deficit go away easily and quickly is that the European Union has to buy energy from us... They can buy energy, and we can cut $350 billion in a week. They have to buy, and commit to buy, the same amount of energy."
When asked whether his global tariffs were a tough negotiating tactic or a permanent measure, Trump said, "They can be permanent or they can be negotiated because we need something other than tariffs."
Asked by a reporter at the news conference if there were two or three countries on his list that had made faster progress in reducing tariffs, Trump referred to the European Union, "The European Union." I mean, as bad as they've treated us, they've pretty much eliminated the auto tariffs. I guess they cut it to 2.5 percent, and I hear it could go to zero."
The United States announced tariffs on all trading partners on the 2nd, provoking a global trade war and triggering a strong reaction from the international community. On the 7th, the European Commission proposed to member states to impose 25% tariffs on some US products. It is reported that the relevant tariff measures are expected to officially take effect on April 15, but most of the tariffs are expected to start in mid-May. Internal EU documents show that the tariffs on a wide range of goods also include diamonds, eggs, dental floss, sausages and poultry. Eu member states will vote on the proposal on the 9th.
