Wed, 26 Feb 2025

Wed, 26 Feb 2025 Trump says 25% tariffs on EU will be announced soon

"The EU was formed to screw the United States," Trump says.
US President Donald Trump has announced plans to impose 25% tariffs on goods made in the European Union, saying the bloc was created to harm American interests. The EU responded that it would take "firm and immediate" action against what it calls unjustified tariffs. Trump also hinted at potential delays or changes to upcoming tariffs on Mexico and Canada, set to come into effect on March 4, but a spokesperson for his administration later clarified that the deadline remains in place. Trump's comments sparked market volatility, with the Dow Jones Industrial Average and other major indices falling. The EU denied Trump's claims about its intentions, saying the creation of a regional market has actually made it easier for American companies to do business there.
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