EU Warned To Expect Immediate New US Tariffs

Politico Europe reports:

Former Trump administration officials are warning the European Union to expect President-elect Donald Trump to take early action to increase tariffs — and to potentially bypass the Brussels bureaucracy in favor of dealing with individual European capitals on trade concerns.

Trump is threatening to impose up to a 20 percent across-the-border tariff on all $3 trillion worth of U.S. imports, hitting about $575 billion of cars, pharmaceutical products, machinery and a long list of other products from the EU.

That would violate tariff commitments the United States has made in the World Trade Organization, although Trump could try to justify it on national security grounds.

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The EU has been warned to prepare for early Donald Trump tariff action.https://t.co/GL0BSWwue2

— POLITICOEurope (@POLITICOEurope) November 15, 2024