• Source:JND
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A day after imposing steep tariffs on Canada, Mexico, and China, US President Donald Trump signalled his intention to target the European Union (EU) next. Speaking to reporters on Sunday, Trump said he would "definitely" impose tariffs on EU goods, though he did not specify a timeline. "I wouldn't say there's a timeline, but it's going to be pretty soon," he said, adding that the EU has "really taken advantage of us."

The move has raised fears of a broader global trade war, with economic experts warning that escalating tariffs could slow US growth and drive up prices. The EU has been closely monitoring Trump's trade policies, particularly after his administration hit China with a 10 per cent tariff and imposed a 25 per cent duty on Mexico and Canada.

Trump has previously threatened tariffs on the EU, most recently on Friday, when he said he would "absolutely" enforce them. "The European Union has treated us so terribly," he remarked during a briefing at the Oval Office.

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Trump Defends Tariffs Despite Economic Risks

Defending his stance, Trump acknowledged that tariffs could cause short-term economic pain but insisted they were necessary to safeguard US interests. "Will there be some pain? Yes, maybe (and maybe not!)," he wrote on Truth Social. "But we will Make America Great Again, and it will all be worth the price that must be paid."

He also argued that tariffs should have never been abandoned in favour of the income tax system introduced in 1913. "Anybody that loves and believes in the United States of America is in favour of tariffs. The response to tariffs has been FANTASTIC," he posted.

EU Vows Retaliation

Reacting to Trump's remarks, the EU warned that it would respond firmly if tariffs were imposed.Leaders of the major European countries have voiced strong opposition to Trump's trade policies. 

German Chancellor Olaf Scholz emphasised the benefits of global trade, stating, "The global exchange of goods and raw materials has proved to be a great success story that has brought prosperity to us all. That is why it is important not to divide the world with many customs barriers."

Italy’s Foreign Minister Antonio Tajani also criticized the move, calling trade wars harmful. "The tariff war is not good for anyone... We have ideas and strategies to protect our companies, with Italy being the best ambassador for the EU in the dialogue with Washington."

Meanwhile, Polish Prime Minister Donald Tusk attempted to strike a balance, cautioning against panic while acknowledging the seriousness of the situation. "There is cause for concern but not for fear," he said in a video posted on X.

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Trump’s warning to the EU coincided with comments from his close ally, Elon Musk, who made a rare foray into European politics. On Saturday, Musk posted on X, "People of Europe: Join the MEGA movement! Make Europe Great Again!"—a play on Trump’s campaign slogan "Make America Great Again."