Economy

Trump Eyes 10% Tariffs on All EU Imports Amid Rising Global Trade Tensions

Trump Considers New Tariffs on EU Imports

President Donald Trump is reportedly contemplating the imposition of a 10% tariff on all imports from the European Union, a move that could significantly escalate global trade tensions. This consideration comes on the heels of recent tariffs imposed on goods from Mexico, Canada, and China.

Inside the Administration's Discussions

Sources close to the president reveal that the administration is currently in discussions about this potential tariff. While no broad agreement has been reached, some officials are advocating for a 10% tariff on all EU imports. "Trump is testing the water with Canada and Mexico and what he can get away with," a source disclosed.

Trump's Stance on EU Trade Practices

Last week, President Trump vowed to "absolutely" impose tariffs on the EU, accusing it of unfair trade practices. He promised to take "very substantial" action against the EU, signaling a tough stance on trade negotiations and disputes.