Firing his first shot since taking office, Trump threatens the EU and China with new tariffs
Global Finance
2025-01-23 15:10:17
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On January 23, according to media reports, the new US President Trump said in a speech to reporters that due to the worrying trade surplus of the EU and other countries with the United States, the United States will impose tariffs on the EU to correct the trade imbalance between the EU and the United States and achieve trade fairness. At the same time, Trump also threatened that he was considering imposing a 10% tariff on products imported from China from February 1, which may affect the export of Chinese domestic automobiles and other foreign trade products to the United States.
Previously, the Trump administration announced that it would end the preferential electric vehicle policy issued by the Biden administration. According to the previous policy, when American consumers buy electric vehicles, the US state governments will provide a $7,500 tax credit subsidy.
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