“Understand that the 30% number is far less than what is needed to eliminate the Trade Deficit disparity we have within the EU,” reads the letter.
| Trump announces 30% tariffs on EU products from 1 August | | | | Donald Trump sent a tariff rates letter to the EU on Saturday announcing a 30% tariff on products sent to the US from 1 August, separate from other sectoral tariffs – steel and aluminium and cars – already in place.
"Understand that the 30% number is far less than what is needed to eliminate the Trade Deficit disparity we have within the EU," reads the letter, adding that there will be no tariff if the EU companies carry out production in the US.
Trump also threatened to increase tariffs further if the EU chooses to retaliate. "If for any reason you decide to raise your Tariffs and retaliate, then, whatever the number you choose to raise them by, will be added onto the 30% that we charge." | | |
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