The Secretary of the American Store Howard Lutnick breaks the explanation behind the multitude of tariffs, responds to criticism trade and reveals the ultimate goal of the negotiating tactic of President Donald Trump.
President Donald Trump He says they are now involved in a “stupid store”, not “free trade”.
Trump gave a remark to his true social account on Thursday after threatening impose 200% tariff On alcohol products from France and other European countries, worsening a trade war among US allies.
“Now they don’t have a free trade. We have a stupid store. “The whole world takes us away !!!” Trump wrote.
An hour before that message, Trump said, “the European Union, one of the most relevant and violent taxes and tariff bodies in the world, formed for the sole purpose of exploiting the United States, just put a nasty 50% of whiskey tariffs.”
President Donald Trump walked across the southern lawn on Friday to board Marine One at the White House in Washington on Friday. (Kayla Bartkowski / Getty Images / Getty Images)
“If this tariff is not removed immediately, now they will soon place a 200% tariff on all wines, champagne and alcoholic products coming from France and other EU countries. This will be great for wine and champagne jobs in the US,” he added.
French trade minister Laurent Saint-Martin responded to Trump’s place on Thursday, saying that the country would protect its industry.
The Howard Luttick Store Secretary defends Trump’s tariff Endgame against the fears of recession
Trade secretary Howard Lutnick said he would “stop” by President Donald Trump’s Tariff on “Varney & Co.” on Wednesday. (Samuel Corum/Sipa/Bloomberg via Getty Images/Getty Images)
Trump “triggers escalation in a trade war he chose to begin with,” Saint-Martin said in a post on X, which was translated into English. “France remains determined to respond with the European Commission and our partners.”
Trump’s administration also dealt with tariffs back and back with Canada this week, the country described by the President as “one of the highest tariff nations anywhere in the world.”
President Donald Trump talks to media members on the southern lawn before boarding Marine One at the White House in Washington, DC 28. (Reuters / Nathan Howard / Reuters)
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Canada announced $ 21 billion in additional tariffs Against the United States on Wednesday after Trump’s new 25% tariffs on steel and aluminum came into force.
Fox Business’ Daniella Genovese contributed to this report.
