FinalLayer badge

How did the European Union adjust their car tariffs according to Donald Trump?

According to Trump, the EU has reduced their car tariff from 10% to 2.5%, which is now exactly the same rate that the US imposes. This alignment represents a significant change in the trade relationship between the US and EU, potentially saving a 'tremendous amount' for American exports. Trump expressed appreciation for this adjustment while noting that not all countries might follow suit. He emphasized that this move helps create a more level playing field in international trade through 'reciprocal' tariff policies where countries charge each other the same amount. Despite this positive development, Trump still characterized the EU's historical trade practices as 'very unfair' to the United States.

LogoClipped by coffee_please with FinalLayer

People also ask

Trump EU trade deal negotiations 2024
European Union tariff cuts Trump administration
Trump trade policy Europe latest news
US EU trade war tariff reductions
Donald Trump European trade agreement updates

TRANSCRIPT

Load full transcript

Transcript available and will appear here
Not in clip
0
thumbnail
22:54

From

Donald Trump Discusses EU Tariff Reductions

Al Jazeera English·8 months ago

Answered in this video

thumbnail
00:43

What was Donald Trump's impression of the recent talks with Russia regarding the Ukraine situation?

thumbnail
01:21

Why do some believe the peace talks regarding Ukraine could have been settled much earlier?

thumbnail
01:14

What is the current condition of cities in Ukraine as described by Donald Trump?

thumbnail
00:37

What did Donald Trump say about Elon Musk's role and authority?

thumbnail
04:37

What were some of the expenditures that Donald Trump highlighted regarding U.S. spending on foreign aid and initiatives?

Discover the right B-roll for your videos

Logo

Search for any video clip

Experience AI search that understands context and presents you with relevant video clips.

Try Finallayer for free