Trump Torches EU as ‘Worse Than China’ on Trade, Vows Retaliation; Warns US Will Strike Back

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In a fiery rebuke of America’s European allies, President Donald Trump unleashed a scathing critique of the European Union, calling it “worse than China” when it comes to trade. Speaking at a campaign-style event, Trump accused the EU of exploiting the United States through unfair trade practices and warned that a reckoning is coming. Declaring “we’ve got all the cards,” Trump promised swift and decisive action if re-elected, including potential tariffs and trade barriers aimed at forcing better terms.         #DonaldTrump #TrumpTariffs #TrumpNews #ChinaTariffs #TrumpVsEU #TrumpChinaPolicy #TradeWar2025 #TrumpAdministration #TrumpOnChina #USChinaTrade #TrumpEUClash #TrumpXiJinping #TrumpTradeWar #AmericaFirst #TrumpChinaTensions    Also Read  India Rejects Trump’s Trade Claim New Delhi Denies US Role In India-Pakistan Ceasefire :: https://www.oneindia.com/india/india-rejects-trump-s-trade-claim-new-delhi-denies-us-role-in-india-pakistan-ceasefire-4151755.html?ref=DMDesc  Donald Trump May Temporarily Use Qatar’s $400 Million 'Flying Palace' As Air Force One Amid Ethics Scrutiny :: https://www.oneindia.com/international/donald-trump-may-temporarily-use-qatar-s-400-million-flying-palace-as-air-force-one-amid-ethics-s-4151121.html?ref=DMDesc  Pakistan Welcomes Trump's Offer To Mediate Kashmir Dispute, Says Islamabad Dedicated To 'Promote Peace' :: https://www.oneindia.com/international/pakistan-welcomes-trumps-offer-to-mediate-kashmir-dispute-says-islamabad-dedicated-to-promote-pea-4150395.html?ref=DMDesc

Transcript

00:00I see that. I see that with trade too. European Union is in many ways nastier than China.

00:06So that you go 10 times more expensive for the same drug, that's big numbers.

00:11Even though the United States is home to only 4% of the world's population,

00:16pharmaceutical companies make more than two-thirds of their profits in America.

00:20So think of that. With 4% of the population, the pharmaceutical companies make most of their money,

00:26most of their profits from America. That's not a good thing.

00:32Now, I think, by the way, pharmaceutical, I have great respect for these companies and for the people that run them.

00:37I really do. And I think they did one of the greatest jobs in history for their company,

00:43convincing people for many years that this was a fair system.

00:47Nobody really understood why, but I figured it out.

00:52But for years, pharmaceutical and drug companies have said that research and development costs were what they are.

00:59And for no reason whatsoever, they had to be borne by America alone.

01:06Not anymore, they don't.

01:08This means American patients were effectively subsidizing socialist health care systems in Germany,

01:15in all parts of the European Union.

01:19They were the toughest of all. They were nasty.

01:22And I see that. I see that with trade, too.

01:24The European Union is, in many ways, nastier than China.

01:29Okay?

01:30And we've just started with them.

01:34Oh, they'll come down a lot. You watch.

01:37We have all the cards.

01:38They treated us very unfairly.

01:41They sell us 13 million cards.

01:43We sell them none.

01:44And they sell us their agricultural products.

01:50We sell them virtually none.

01:52They don't take our products.

01:55That gives us all the cards.

01:57And very unfair.

01:59So they're going to have to pay more for health care, and we're going to have to pay less.

02:02That's all it is.

02:03Believe it or not, you know, because it's really the world we're talking about, not just the European Union.

02:07But because it's the world, the numbers are, for the health care company, not as bad as you would think.

02:15They'll make the same.

02:16I think the health care companies should make pretty much the same money.

02:20I really don't believe they should be affected very much, because it's just a redistribution of wealth.

02:26It's a redistribution where it could be the same top line, but it's going to be distributed differently.

02:31Obviously, Europe's going to have to pay a little bit more.

02:34The rest of the world's going to have to pay a little bit more, and America's going to pay a lot less.

02:38Again, because it's a much smaller population than when you think of the whole world.

02:44So, basically, what we're doing is equalizing.

02:49There's a new word that I came up with, which I think is probably the best word.

02:52We're going to equalize.

02:53We're all going to pay the same.

02:55We're going to pay what Europe's going to pay.

02:57We're going to all pay.

02:57Now, there may be some countries in dire need, and I would be willing to sacrifice that and help them.

03:06But it's called Most Favored Nation.

03:08We are going to pay the lowest price there is in the world.

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