President Trump warned of imposing 50% tariffs on European Union products, citing stalled trade negotiations. Speaking from the Oval Office, Trump hinted the new tariffs could extend to tech giants like Apple and Samsung, with a possible rollout in late June. While expressing hope for a fair agreement, Trump’s aggressive stance signals escalating tension between the U.S. and EU. Markets and global tech firms are closely watching, as Trump’s trade war rhetoric sharpens once again—this time aimed squarely at Europe.
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00:00I don't know, we're going to see what happens, but right now it's going on on June 1st, and that's the way it is.
00:06No, they haven't treated us properly. They haven't treated our country properly.
00:10They banded together to take advantage of us.
00:13We've signed a deal with China. We have some really amazing deals, but the European Union, I mean, the sole purpose was really to, not to hurt us, but to take advantage of us.
00:25They sell millions and millions of cars, as you know, Mercedes and BMW and Volkswagen and many others, restricted from selling cars into the European Union, which is not nice.
00:36I'm not looking for a deal. I mean, we've set the deal. It's at 50%.
00:39But again, there is no tariff if they build their plant here.
00:44Now, if somebody comes in and wants to build a plant here, I can talk to them about a little bit of a delay.
00:49But, you know, while they're building their plant, which is something I think that would be appropriate, maybe, we'll determine that.
00:55Is there anything the EU can do?
00:58I don't know. We're going to see what happens.
00:59But right now, it's going on on June 1st, and that's the way it is.
01:04No, they haven't treated us properly. They haven't treated our country properly.
01:07They banded together to take advantage of us, and the people behind me know because they had some of that with their industry.
01:16But generally, you know, we signed a great deal with the United Kingdom.
01:22We have numerous other deals that are ready to be signed.
01:25We have, we've signed a deal with China.
01:28We have some really amazing deals.
01:31But the European Union, I mean, the sole purpose was really to, not to hurt us, but to take advantage of us.
01:38And we're not going to be taken.
01:41I've been saying to everybody, they've treated us very badly over the years.
01:44It was formed in order to hurt the United States, in order to take advantage of the United States, and they've done that.
01:51We have a big deficit with them.
01:54They sell millions and millions of cars, as you know, Mercedes and BMW and Volkswagen and many others.
02:00And we were restricted from, essentially restricted from selling cars into the European Union, which is not nice.
02:09And I just said, it's time that we play the game the way I know how to play the game.
02:14You know, nobody, they've taken advantage of other people representing this country, and they're not going to do that any longer.
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