Trump suggested imposing a 50% tariff on EU products starting June 1. Trump wrote last night (May 23rd, Beijing Time): "The main purpose of the establishment of the EU is to take advantage of the US in trade. It has always been difficult to deal with. They have set up strong trade barriers, levied value-added tax, absurd corporate fines, non-monetary trade barriers, currency manipulation, unfair and unreasonable litigation against American companies, etc., resulting in an annual trade deficit of over $250,000,000 with the US, which is completely unacceptable. There has been no progress in our negotiations with the EU! Therefore, I suggest imposing a direct 50% tariff on EU products starting from June 1, 2025. If the product is manufactured or produced in the US, no tariff will be imposed. Thank you for your attention to this matter!"
[Witty Comment]: Punching EU, Canada; kicking Japan and Southeast Asia. The tariff stick is wielded again and again, and all trading partners are afraid. Thinking oneself as a real hero, the global market is in chaos. It is estimated that many people will doubt that the Trump family and its relatives and friends are going to short sell again. Moreover, the 90-day deadline hasn't even arrived yet, and there should be some time for buffer. However, the EU side does not even show a strong willingness to come to Washington for consultation, showing no positive attitude at all. Is Trump not planning to give a buffer period?"
Original article: https://www.toutiao.com/article/1832952680163332/
Disclaimer: This article only represents the author's personal views.