The European Union is “freaking out” about the possibility of Donald Trump returning to the White House in January 2025 after the former President announced his intention to reimplement a ten percent tariff on imported goods as he did on European steel and aluminium in 2018.
“It’s on everyone’s mind: what if the elections [in 2024] go the wrong way?” stated an anonymous EU trade diplomat, with an EU-based lawyer advising on trade admitting that EU officials and businesses are “frightened” about Trump’s re-election.
The 45th President floated the idea of a “universal baseline tariff” in a meeting with a number of his aides last month, suggesting it would create a “ring around the U.S. economy.” He later reiterated the plans in an interview, arguing :
“When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax… I do like […]
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