8win gaming Trump says EU ‘in for tariffs’, warns of 10% rate on China

President Donald Trump talks to reporters as he signs executive orders in the Oval Office of the White House, Monday, Jan. 20, 2025, in Washington. (AP Photo/Evan Vucci)

Washington, United States — US President Donald Trump pledged Tuesday to hit the European Union with tariffs, adding that a 10 percent duty on Chinese imports could also come as soon as February 1.

Trump, who was speaking to reporters at the White House a day after being sworn in, cited the need to rectify the EU’s trade imbalances with the United States while taking aim once again at Beijing over fentanyl trafficking.

Article continues after this advertisement

“They treat us very, very badly. So they’re going to be in for tariffs,” Trump said of the EU. “You can’t get fairness unless you do that.”

FEATURED STORIES BUSINESS 'Too hard': Vietnam's factory workers return to country life BUSINESS Marcos admin needs new tax measures BUSINESS BIZ BUZZ: First MB meeting for 2025 moved

READ: EU ‘ready to defend’ interests after Trump tariff vow

A day earlier, Trump accused the bloc of not importing enough American products, saying he would “straighten that out” by imposing duties or by urging for more oil and gas purchases.

Article continues after this advertisement

Regarding China, Trump on Tuesday reiterated his threat to impose a 10 percent tariff, saying it was “based on the fact that they’re sending fentanyl to Mexico and Canada.”

Article continues after this advertisement

When asked how soon these tariffs could be enacted, he added: “Probably February 1st is the date we’re looking at.”

Article continues after this advertisement

This was the same date he earlier said he could impose 25 percent tariffs on Canada and Mexico, accusing them of failing to stop illegal immigration and fentanyl trafficking into the United States.

Mexico, Canada and China are leading sources for goods imported by the United States, according to official trade data.

Article continues after this advertisement

The EU’s economy commissioner vowed this week that the bloc stands ready to defends its interests.

Speaking at an annual meeting of global elites in Davos, Switzerland, EU chief Ursula von der Leyen declared that Europe was ready to negotiate with Trump, while maintaining that Washington remains an important partner.

The country’s balance of payments (BOP) position recorded a $3.5-billion surplus in September, a reversal from the $414-million deficit posted a year ago, the BSP said in a report.

The EU’s “first priority will be to engage early, discuss common interests, and be ready to negotiate” with Trump, she said.

“We will be pragmatic, but we will always stand by our principles, to protect our interests and uphold our values,” she said.

On Monday, Trump vowed an immediate overhaul of the US trade system — promising to “tariff and tax foreign countries to enrich our citizens.”

He signed an order directing agencies to study a range of trade issues including deficits, unfair practices and currency manipulation.

The investigations could pave the way for further duties.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

igc slot SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Europeans are fretting the most about Trump’s return8win gaming, while countries from Brazil to China and India to Turkey believe he will be good for their countries and global peace, according to a recent survey from the European Council on Foreign Relations.

READ NEXT Marcos wants to grant incentives to semiconductor industry Stocks enjoy ‘Trump bump’, but oil slumps EDITORS' PICK PVL: Petro Gazz grinds past Chery Tiggo in reverse sweep 4 cops in 2011 shooting fired for abusing power Bong Revilla, Imee Marcos clarify stance on anti-teen pregnancy bill SC issues more TROs  vs Comelec DQ rulings AFP sees links among Chinese spy, recovered drones, falsified PH IDs Gatchalian, Villanueva assert: No blank items in 2025 budget MOST READ Baguio gov’t steps in to help locked-out John Hay residents Coffins fall onto NLEX near Pulilan Exit, causing minor delay in traffic CSC exec: Not so fast on new gov’t work sked Chinese Navy watches PH-US joint drills in WPS Follow @FMangosingINQ on Twitter --> View comments