Most recently, US President Trump had postponed the deadline for new tariffs to August 1st. Now he threatens the EU with new flat -rate penalty tariffs. She could receive a letter “still today”. Canada has now received a letter.
The European Union is facing new flat -rate penalty tariffs. US President Donald Trump announced that it will raise taxes of 15 or 20 percent on goods of most trading partners. The EU could already receive a corresponding letter “today or tomorrow”, Trump told NBC News on Thursday, local time.
“I would like to do that today. I am talking to the EU, which is known to include several countries, as well as with Canada. We should send the letters in the next few hours,” said Trump.
Not everyone has to get a letter, Trump continued. The United States would simply define its tariffs. “We will simply say that all other countries will pay whether it is 20 or 15 percent,” said Trump. “We will work out now.”
This week, Trump had postponed a deadline for the tariffs that were targeted for last Wednesday to last Wednesday. Until then, imports should be off the table. The EU relies on a fundamental agreement in negotiations with the USA. In April, Trump introduced a base customover of ten percent to almost all imports from the EU. In addition, special tariffs apply to certain products, such as steel and aluminum and auto imports.
“35 percent” taxes for goods from Canada
A short time after his statements about the EU and Canada, Trump announced a 35 percent tax for goods from Canada. This should apply from August 1st. In a letter to the Canadian Prime Minister Mark Carney published on his social network, Trump threatened with another increase if Canada react with counter -tariffs.
In the letter, Trump also brought the fentanyl crisis into play. Trump criticized that Canada had not managed to stop the synthetic drug’s influx into the United States. Instead, Canada – instead of working with the United States – rejected the customs dispute with its own tariffs to an earlier customs announcement from the United States. Criminal syndicates mainly supply drugs with drugs from Mexico. Trump also accuses Canada and China of being responsible for the fentanyl crisis.
At the end of June, Trump had already announced trade talks with Canada. As the reason, Trump had mentioned a Canada introduction of a digital tax to business in American companies. The United States is by far the most important trading partner for Canada.
Trump has expanded his trade war in the past few days. The Republican had already made numerous letters to other countries public.
So he imposed new tariffs against the allies Japan and South Korea and an inch of 50 percent on copper. So far, the EU has not been among them. With his customs policy, Trump wants to achieve more in the USA.
