Former US President Donald Trump is considering a number of trade policy measures towards the European Union, which he could introduce if re-elected in 2024.
During his previous presidency, Trump was also alarmed by the rising US trade deficit with the European Union, which in 2023 could exceed the annual deficit of $200 billion for the third year in a row.
An informal Trump adviser says the former president favors tariffs as a negotiating tactic to force others to capitulate to American interests. Trump believes that the European Union has violated US interests in several places:
- Europe did not act as forcefully against China as it would have liked.
- The European Union imposed a tax on digital services, which is seen as an attack on technology giants in the United States.
In addition to what Trump raised previously, Tariffs on steel and aluminum increase again Which Biden has partially suspended in 2021. It has also been mentioned as another potential starting point Adding the European Union to a wide customs zone of no less than 10 percentWhich may also include China. Europe can also depend on this To digital tax measures And also from Trump.
Although transatlantic relations have begun to improve under a Biden presidency, another Trump presidency could easily jeopardize this.
Cover image source: MTI