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Donald Trump considers the imposition of a tariff of about 25 percent of car imports, drugs and chips in the US while teasing the next steps of a fast escalated trade war.
US President said on Tuesday that the scales tariffs “Neighborhood” of 25 percent on car imports and at least that level on pharmaceutical products and semiconductors.
“It will be 25 percent and higher and will be very greater during the year,” ” Trump He said, referring to chips and drugs. The possibility of additional increases later in the year was designed to give companies a “little chance” to relocate surgery to the US.
The president added that he would “probably” provide final details about car tariffs on April 2, the date he had previously indicated that he would enter into force.
The comments were marked by the latest Salvo that Trump fired while he seemed to reshape America a trade relationship with the world. They came as an EU delegation to Washington in an attempt to prevent further escalation.
Trump has already discovered 25 percent of steel and aluminum imports, which would take effect next month and hit China with an additional 10 percent of the collection. He withdrew plans for the new 25 % tariffs to Canada and Mexico after scoring eleven hours with US neighbors in North America this month.
The President also targeting the EU on Tuesday. As trade commissioner Maros Sefcvich landed in the US capital for three days of interview, Trump repeated the complaints on the scale of a trade deficit and repeated plans for stinging reciprocal tariffs on the block.
“The EU was very unfair to us,” Trump said. “They don’t take our cars, they don’t take our grown products, they take almost nothing, they take very little. And we’ll have to correct it.”
Trump suggested that the EU has already agreed to reduce the tariff to the import of American car, proving that the threat of reciprocity has been operating.
European officials previously indicated The block was ready to reduce its 10 -pointed import levels near the 2.5 percent of the US. But Brussels said on Tuesday that the agreement had not yet been reached.
“Neither side has given a special offer on the reduction of tariffs. All tariff reductions must be mutually useful and negotiate in fair and rules based on rules’, the European Commission said.
The Commission added: “The EU remains dedicated to deepening transatlantic trade relations and solving tariff problems with a constructive dialogue.”
