The deals have been settled. The exceptions have been made. And supply chains have started to return to normal, while the stock market has recovered its losses. We may have thought the ‘tariff wars’ were over. But President Trump has today resumed hostilities, threatening a fresh round of levies on the European Union. It seems the bloc is about to pay a very high price for not settling with Trump earlier.
The EU is paying the price for failing to get a deal across the line while it still could
The President was typically blunt. On his social media channel, he laid into the EU’s obstinacy over trade. ‘The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,’ he thundered. The bloc’s, ‘powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S.
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