Trump vows to hit EU hard with tariffs

CGTN Europe

U.S. President Donald Trump said something "very substantial" was planned for tariffs on the European Union.  The White House Press Secretary earlier said Trump had not made up his mind about a timeline for implementing EU tariffs.  #Trump #USTariffs #TradeWar #EUTariffs

Transcript

00:00As an example, the European Union charges us 20% plus, plus, plus, a VAT tax,

00:05called a VAT tax, very similar, and it costs us an absolute fortune.

00:11We are treated so badly, they don't take our cars,

00:14they don't take our farm products, essentially, they don't take almost anything.

00:18And we have a tremendous deficit with the European Union,

00:20so we'll be doing something very substantial with the European Union.

00:24We're going to bring the level up to where it should be.

00:27And if you think of the European Union, then you go to NATO,

00:30it's largely the same group of countries.

00:34Until I came along, I mean, we were paying almost 100% of NATO only to get bad trade deals.

00:41And now it's been evened out, but very unfair having to do—

00:46it was evened out pretty good. Actually, I did a good job.

00:48They paid $440 billion, if you look at the Secretary General's report,

00:54and he was here recently, and he said that.

00:57He said one of the most amazing things I've ever seen is what President Trump

01:01was able to do with these countries of Europe,

01:03of which he was in charge of them, but he couldn't get them to pay.

01:05I went over, I said, you got to pay.

01:07And if you don't pay, we're not going to protect you. It's very simple.

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