USA: I will impose tariffs to the EU – Donald Trump

The president of the United States (USA), Donald Trump, spoke with journalists on Friday night, further modifying the statements made by his own White House staff, who were also destined to amend the reports of that the Trump administration could be postponing tariffs until March 1. President Trump’s team reiterated that tariffs on Mexico, Canada and China would begin this weekend on February 1.

Donald Trump himself added more firewood to the fire of the commercial war, noting that not only 25% tariffs will be imposed to Mexico and Canada, but that China will also receive its own 10% tariff. President Trump then added to the European Union to his list of grievances that he intends to resolve taxes taxes to American consumers, but added a caveat that imports of Canadian crude oil, of which the US energy sector. UU. It depends to a large extent, you will see a specific level of tariff of only 10%.

President Trump’s clarifying statements to certain journalists were somewhat divagating, adding Venezuela to the mixture of countries on which the US intends to “do something.” Trump also addressed his concepts of a plan for EU tariffs at multiple points, however, specific details remain scarce.

Key outstanding aspects

Trump: Nothing can be done from China, Mexico and Canada at this time to avoid tariffs.

We have large deficits and tariffs are something we are doing.

We could increase tariffs.

We are not looking for concessions.

Canada has treated us very unfairly.

Eventually we will put tariffs on the chips.

We will put tariffs on steel, aluminum and copper.

We will put steel and aluminum tariffs this month or next.

I want to bring the pharmaceutical products back to America with tariffs.

We are going to recover the Panama Canal.

I will lower the 10% tariffs in Canadian oil.

We want to do something with Venezuela.

I will impose tariffs to the European Union.

We will absolutely put tariffs to the EU.

Tariff costs sometimes move to consumers.

Tariffs can cause short -term disruption.

I do not worry about the market reactions to tariffs.

We will do something very substantial with the tariffs to the European Union.

Source: Fx Street

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