President Donald Trump promised to respond to the new rates of the European Union about the United States as a transatlantic trade war rises.
“Of course I'm going to respond,” he told reporters in the Oval Office on Wednesday.
The EU has set new rates on American goods in response to Trump's decision to implement an increase in 25 percent rates on incoming steel and aluminum.
Trump did not indicate how he intended to hit the EU and his decision, but claims that he imposes the rates to 'take back' the American wealth.
President Donald Trump promised to respond to new EU rates
The president has strengthened rates for all steel and aluminum imports as part of his efforts to reform the trading partner of America with the world. But instead, he has fueled a bitter trade war.
Canada also responded to Trump's new rates and announced $ 21 billion in new rates aimed at importing American computers and sports equipment.
The EU focuses on American industrial and farm products from Republican -led states in its counter -rates, aimed at American meat, bourbon, motorcycles, bourbon, peanut butter and jeans.
The move costs American companies billions and escalate the trade war between the US and its partner in the pond. The new rates go into place on April 1.
The prices will rise, in Europe and the United States, and jobs are at stake, the European Commission warned chairman Ursula von der Leyen.
'We deeply regret this measure. Rates are taxes. They are bad for business, and even worse for consumers, “said Von der Leyen.
Trump's steel and aluminum rates are likely to increase the costs of producing goods from household appliances to cars and cans that are used for drinks.
Even with the threats of EU and Canada, Trump refuses to withdraw, and claims that the US is benefiting from.
“The EU has been set up to take advantage of the United States,” said Trump.
He said that earlier presidents had lost 'great segments' of the American economy, adding that the “European Union treats us very badly.”
“We have long been abused and we will no longer be abused,” he said, adding that the United States “would win that financial fight” with the EU.
'We will be stronger than ever before. I think the markets will rise when they see what happens, “he said.
Trump has long talked about his anger towards Europe, including railing against NATO.
President Ursula von der Leyen of the European Commission said about the new rates: “We are deeply regretted by this measure”
Meanwhile, Trump His promise repeated that retribution rates will come from the United States on 2 April.
“April 2 will be a very big day for the United States of America,” he said. “The United States of America will take back a lot from what has been stolen by other countries, and by openly incompetent American leadership. Coarse incompetent. '
“We are going to take back our wealth and we are going to take a lot of companies that left,” he added.
