“With China’s massive financial flaws, the EU can only…”: Trump defends our tariffs | World News
U.S. President Donald Trump defended the mutual tariffs imposed by several countries on several countries by highlighting the financial flaws facing Washington in countries such as China and the EU, and asserted that tariffs are the only solution to these trade imbalances.
Trump criticized the former Joe Biden administration’s trade surplus with those of these countries, vowing to quickly reverse trade, expressing his belief that tariffs would benefit the United States. “We have huge financial flaws with China, the EU and many others. The only way to solve this problem is tariffs, which are now bringing hundreds of millions of dollars into the United States. They have worked, and it has worked, and it has worked, and it is a beautiful thing.”
He further said: “The surplus of these countries has grown during the sleepy Joe Biden’s “Presidential Palace”. We will reverse it and quickly turn it around. One day people will realize that tariffs are a very beautiful thing for the United States of America!.”
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 $143.5 billion to China, down 2.9% ($4.2 billion ($4.2 billion). U.S. goods imported from China in 2024 totaled $43.888 billion, with prices of $2.08 billion, 2.8%, 12.8% (our $280 million (us), our goods (our $280 million (us), our goods (us $1.28 billion (us), our goods (us $1.28 billion (us), our goods (us $1.28 million (us), our goods from 2024.
According to the U.S. Trade Representative’s office, the U.S. trade deficit with China was $295.4 billion in 2024, up 5.8% ($16.3 billion) in 2023.
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 goods to the EU to US$370.2 billion, an increase of 0.7% (US$2.6 billion) from 2023. U.S. merchandise totaled $605 billion in the 2024 box office, UP 5.1%, UP 5.1%, UP 202.1% (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.1%) (US 5.4%) (US 5.4%) (US 5.4%) (US 5.4%) (US 5.4%) (US 5.4%). The EU was $235.6 billion in 2024, up 12.9% ($26.9 billion) in 2023.
On April 2, the US President announced the widespread imposition of 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 announcements made by Trump, the import tariffs on other major countries are China (34 per cent), the European Union (20 per cent), Vietnam (46 per cent), Taiwan (32 per cent), Japan (24 per cent), India (26 per cent), the United Kingdom (10 per cent), Bangladesh (37 per cent), Pakistan (29 per cent), Sri Lanka (44 per cent), and Israel (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.
(with proxy input)
