President Donald Trump blasted the EU for its trade policy with the US during a Veterans of Foreign Wars convention speech on Tuesday, a day before he is set to meet with President of the European Commission Jean-Claude Juncker.
“What the European Union is doing to us is incredible. How bad? They made USD 151 billion last year, our trade deficit with the European Union,” the president said. “They sound nice, but they’re rough. They’re all coming in to see me tomorrow. They’re all coming to the White House.” He continued, “I said, you have to change. They didn’t want to change. I said, OK, good, we’re going to tariff your cars. They said, when can we show up? When can we be there?” Earlier in the day on Twitter, Trump said, “Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate. This should have taken place many years ago but, as the saying goes, better late than never!” He added, “Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that – and everybody’s talking! Remember, we are the ‘piggy bank’ that’s being robbed. All will be Great!” On Tuesday, the US Department of Agriculture announced that it will provide USD 12 billion to farmers and ranchers that have been hurt by tariffs placed on US goods from Trump’s international trade disputes.
Agriculture Secretary Sonny Perdue said in a statement that this program is a short-term solution to give Trump more time to negotiate trade policies.
Source: Kuwait News Agency