Trump threatens a 50% uniform tariff on the EU, and US stocks plummet rapidly.
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"The main purpose of the establishment of the European Union is to take advantage of the United States in trade, which makes it very difficult for us to deal with them. Their strong trade barriers, value-added tax, absurd corporate fines, non-monetary trade barriers, currency manipulation, unfair and groundless lawsuits against American companies, etc., have led to a U.S. trade deficit with the EU exceeding $250 billion annually, which is completely unacceptable. We have made no progress in our negotiations with them!
Therefore, I suggest imposing a 50% uniform tariff on the EU from June 1, 2025. If the products are manufactured or produced in the United States, no tariffs will be levied. Thank you for your attention to this matter!"
Original article: https://www.toutiao.com/article/1832919598809227/
Disclaimer: The article only represents the author's personal views.