Former U.S. President Donald Trump threatened to impose a 35% tariff on goods from the European Union unless the bloc fulfils what he described as outstanding obligations. Speaking in a 5 Aug. interview with CNBC, Trump said the EU had previously paid $600 billion that he could allocate "to invest in anything I want," and claimed he had already reduced EU import duties from 30% to 15% as a “gift.” Trump warned that the levy could climb to 35% if the EU does not meet the unspecified commitments, framing the measure as a response to what he characterised as years of unfair trade practices. He did not detail which products would be affected or when the higher tariff might take effect. The former president added that he intends to announce separate tariffs on pharmaceuticals within the next week. Brussels has not yet issued a formal response to the latest remarks.
Sources
unusual_whales
Trump: tariff of 35% on EU if doesn't meet obligations
Dr.Anirudh Sethi ,PhD 🚨 TRUMP THREATENS EU WITH 35% TARIFFS 🗣️ “They’ve been ripping us off for years... now they pay up.” – Trump on CNBC 💰 Claims $600B was his to invest however he wants 🎁 Says cutting EU tariffs from 30% to 15% was a “gift, not a loan” ⚔️ Warns tariffs could go back to 35%
*Walter Bloomberg TRUMP WARNED THE EU COULD FACE 35% TARIFFS "They paid $600 billion and because of that I reduced their tariff from 30% down to 15%. That's a gift, that's not a loan," he said in an interview with CNBC. "The details are $600 billion to invest in anything I want. The purpose was
