President Trump Discusses EU Trade Relations and Tariffs

EU Trade Practices

• 🎯 The European Union is described as having been formed with the primary purpose of taking advantage of the United States on trade.
• ⚠️ The EU is characterized as having been unbelievably bad to the US, with past presidents being treated very poorly.
• 🗣️ President Trump is currently dealing with Ursula and her group, noting the situation is very tough.

Unfair Trade and Tariffs

• 📈 The EU imposes many unfair taxes on US companies and engages in constant lawsuits against major US tech firms like Apple and Google.
• ⚖️ European Union judges are awarding crazy rewards in these lawsuits, with Apple being fined $17 billion.
• 💰 Trump states that if US companies are to be affected by penalties or fines, he wants those penalties to go to the United States.

Negotiation Tactics

• ⚡ A threat to impose a 50% tariff on the EU caused them to come to the negotiating table, as they had previously been unwilling to deal.
• 📞 Calls were received from the EU immediately after the tariff announcement, indicating a desire to meet.
• 🤝 The President believes the EU will learn not to be so nasty very soon, implying they understand the leverage the US now holds.