‘With China’s massive financial flaws, the EU can only solidify with tariffs”: Donald Trump
Donald Trump also criticized former President Joe Biden’s trade surplus with these countries, vowing to quickly reverse trade, while saying he believes tariffs are good for the United States.
U.S. President Donald Trump defended his administration’s reciprocal tariffs on various countries, highlighting the financial flaws of the United States with countries such as China and the EU, and believed that tariffs were the only solution to these trade imbalances.
Donald Trump also criticized former President Joe Biden’s trade surplus with these countries, vowing to quickly reverse trade, while saying he believes tariffs are good for the United States.
Trump shared the social media platform truth social post on Sunday (local era), “We have huge financial flaws with China, the EU and many others. The only way to solve this problem is tariffs, which now bring tens of thousands of dollars into the United States. They have worked, they have worked, and what works is a good thing.”
He added: “The surplus of these countries grew in the “presidency” of sleepy Joe Biden. We will turn it around and quickly.”
According to the Office of the U.S. Trade Representative, the total U.S. trade in goods with China is estimated to be $582.4 billion in 2024. In 2024, the United States exported US$143.5 billion to China, down 2.9% (US$4.2 billion) from 2023.
The United States imported goods from China from 2024 totaled $438.9 million, an increase of 2.8% ($12.1 billion) from 2023. According to the U.S. Trade Representative’s public office, the U.S. commodity trade deficit with China increased by 5.8% ($16.3 billion) in 2024.
On the other hand, the total goods transactions between the United States and the European Union are estimated to be US$975.9 billion in 2024. In 2024, the United States exported $370.2 billion to the EU, an increase of 0.7% ($2.6 billion) from 2023. US goods rose by 2.1% from 2024 USD 500 million (UP 5.1%) (UP 2029) (USD 5.1%) (USD 5.1%) (USD 202.1%) (USD 202.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD 2.1% (USD 2.1%) (USD The EU was $235.6 billion in 2024, up 12.9% ($26.9 billion) in 2023.
On April 2, Trump announced widespread tariffs on countries around the world. In February, shortly after his second charge, Trump outlined a new trade policy targeting fairness and reciprocity and said the United States would impose reciprocity tariffs and accused other countries of their tariffs on U.S. goods.
According to the announcement, import tariffs on other major countries are China (34%), EU (20%), Vietnam (46%), Taiwan (32%), Japan (24%), India (26%), United Kingdom (26%), United Kingdom (10%), Bangladesh (37%), Pennsylvania (37%), pakistan (29%), pakistan (44%) (44%) (44%) (44%) (44%) (44%) (44%) (44%) (pakistan) (44%) (pakistan ef Centa and Cent), Sri and sri and (Sri and) (17%).
Starting April 9, countries with the largest trade deficit with the United States will face higher personalized tariffs. India is one of the affected countries with a 26% tariff on all its exports.
(ANI)
