Connect with us

Published

on

US president relaunches trade offensive: ‘EU exploited us, now buy energy from us to reduce deficit’

Donald Trump again raises the tone in the global trade battle, confirming the arrival of new super duties and harshly criticising both China and the European Union. ‘A lot of countries are coming to negotiate, but in some cases they will pay substantial tariffs,’ he said from the Oval Office, alongside Israeli Prime Minister Benjamin Netanyahu. ‘They are offering things we wouldn’t even think of asking for,’ he added.

The new tariffs will go into effect on Wednesday 9 April, while financial markets remain under pressure. For Trump, the tariffs are a legitimate instrument of pressure: ‘Countries that want to be freed must deal with Washington’.

China in the crosshairs: ‘Off with tariffs or new duties will be triggered’

The most serious escalation concerns China. Trump has denounced Beijing’s introduction of 34% tariffs on top of those already in place. ‘If they do not remove them by tomorrow (6pm Italian time on 8 April), we will impose more tariffs of 50%,’ he said. ‘I have a very good relationship with President Xi and I hope it stays that way, but they cannot behave this way.’

Brussels prepares to react: EU duties on US products from 15 April

The European Union is also preparing to react. The list of American products subject to duties as of 15 April will be published shortly. Brussels tried to start a dialogue by offering the US a reciprocal reduction of duties to zero in sectors such as chemicals, pharmaceuticals, plastics, rubber and machinery. But Trump dismissed the initiative: ‘It is not enough’.

‘For years the EU has been very tough. It was created to harm the United States,’ he accused. ‘In Nato they exploited us militarily, we defended countries that then hit us commercially.’

The message to Europe: ‘Buy our energy’

Trump then proposed an alternative way out to close the $350 billion US-EU trade deficit: buy American energy. ‘They need it. If they buy it from us, the deficit disappears in a week,’ he said. ‘We have all kinds of energy, more than anyone else in the world.’

THE LATEST NEWS

Trump-Venezuela: US president admits authorising secret CIA operations

Trump authorises clandestine CIA operations in Venezuela US President Donald Trump has stated that he authorised secret CIA operations against...
Read More
Trump-Venezuela: US president admits authorising secret CIA operations

Death of Diane Keaton: pneumonia confirmed as cause

Oscar-winning actress dies at 79, family thanks fans and invites donations Famous actress Diane Keaton died on Saturday 11 October...
Read More
Death of Diane Keaton: pneumonia confirmed as cause

Here is the text of the Sharm el-Sheikh Declaration for Peace in Gaza

The text of the agreement signed by Trump, al-Sisi, al-Thani and Erdoğan for stability and security in the Gaza Strip...
Read More
Here is the text of the Sharm el-Sheikh Declaration for Peace in Gaza

Rutte: ‘Russian hypersonic missiles can hit Rome in minutes’

 -Russian hypersonic missiles, NATO alert: ‘Europe is entirely on the eastern front’- Russia poses a direct and immediate threat to...
Read More
Rutte: ‘Russian hypersonic missiles can hit Rome in minutes’

LIVE VIDEO All living hostages (20) handed over to Israel

 -Breaking news - All the hostages, 20 to be precise, have been handed over by Hamas and are now in...
Read More
LIVE VIDEO All living hostages (20) handed over to Israel

Shooting in St Helena: at least 4 dead and 20 injured in a restaurant

South Carolina in shock after armed attack in a restaurant on the island of St Helena At least four people...
Read More
Shooting in St Helena: at least 4 dead and 20 injured in a restaurant

(Photo: © AndKronos)

Di Tendenza/Trending