Universal Times

Donald Trump has confirmed plans to impose a 25% tariff on imports from the European Union, citing the EU's alleged unfair trade practices ¹ ². The tariffs, which will apply to cars and other goods, are set to take effect on April 2. Trump claims that the EU has "really taken advantage of us" on trade, pointing to a $300 billion deficit with the EU ².

*Key Points of Trump's Tariff Plan:*

- *25% Tariff Rate*: The tariff rate will be 25% on EU imports, including cars and other goods.

- *Effective Date*: The tariffs are set to take effect on April 2.

- *EU's Alleged Unfair Trade Practices*: Trump claims that the EU has unfair trade practices, including restrictions on US exports.

- *$300 Billion Deficit*: Trump points to a $300 billion deficit with the EU as evidence of the EU's unfair trade practices.

The move is seen as a significant escalation in Trump's trade agenda, which aims to reduce the US trade deficit and promote American exports. However, critics argue that the tariffs could lead to retaliatory measures from the EU and potentially harm US businesses and consumers ¹ ².

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