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The European Union and the United States have the biggest trade relations in the world, bringing prosperity, security, and millions of good jobs on both sides of the Atlantic. As of the morning of this statement, the United States is applying a 25% tariff on imports of steel and aluminum. The EU deeply regrets the measure, stating that tariffs are taxes that are bad for business and worse for consumers, disrupt supply chains, create uncertainty for the economy, and put jobs at stake while raising prices. The EU says it must act to protect consumers and business, and that its countermeasures are strong but proportionate. The EU notes that the United States is applying tariffs worth 28 billion dollars, and the EU is responding with countermeasures worth 26 billion euros, matching the economic scope of the tariffs. The EU’s countermeasures will be introduced in two steps: starting April 1 and fully in place as of April 13. In the meantime, the EU says it will remain open to negotiations. The EU adds that, in a world marked by geoeconomic and political uncertainties, it is not in the common interest to burden their economies with such tariffs, and it is ready to engage in meaningful dialogue. The EU entrusts Trade Commissioner Maros Sefcovic to resume talks to explore better solutions with the United States.

President Trump increased tariff threats via social media, this time targeting Apple. The Dow dropped .6% and Apple shares fell 3% following Trump's post stating phones sold in America should be made in America. The S&P and Nasdaq also declined.

Following President Trump's pause on tariffs for all nations except China, questions arise about his trade agenda. Despite the pause, a 10% global tariff remains, along with tariffs on Chinese imports, steel, aluminum, and autos from Canada and Mexico, with potential tariffs on other goods. This creates uncertainty in global trade relations. Trump's tariffs aim to gain leverage in negotiations for a new global trading system and security alliance with Europe and Japan. The goal is to end the post-World War II arrangement where the US subsidized allies' security while they imposed higher tariffs on US manufacturers. This shift seeks to address national security concerns related to dependence on China and Taiwan, and to counter the economic consequences of being a reserve currency. The administration aims to re-industrialize the US, especially in sectors crucial for national security. While Wall Street investors express concerns about tariffs and higher import prices, the focus is on prioritizing the nation over the market. The US may devalue the dollar with allies' participation to boost exports and reduce imports. There are no meaningful alternatives to the dollar or US treasury bond. The US is transitioning to a new republic focused on rebuilding lost industrial capacity.

The President has initiated a complete restructuring of the international trading system with a fair and reciprocal plan. For too long other countries have damaged our defense industrial base and threatened our national security. Take Europe, for example. The US runs a $230 billion trade deficit with them, especially in the auto industry. A Cadillac faces tariffs and VAT taxes that significantly increase its price in Germany, while a BMW coming to the US gets rebates, allowing it to be sold much cheaper. This disparity explains why Germany sells us eight times more cars than we sell them. To address this, we're going to identify how countries are unfairly exploiting us through tariffs and non-monetary barriers. Then we will determine reciprocal tariffs to counteract this unfairness, ensuring fair treatment for America. This isn't a political issue, it's an American issue. We want jobs, factories, and a strong defense industrial base here at home so we can be safe, secure, and prosperous.

President Trump believes China wants and has to make a deal with the U.S., and that China made a mistake in retaliating. Because of this retaliation, 4% tariffs on China will go into effect tonight at midnight. Trump believes China doesn't know how to start the deal-making process. If China reaches out to make a deal, Trump will be incredibly gracious, but he's going to do what's best for the American people. When asked under what conditions Trump might consider lowering tariffs on China, the speaker stated it would be imprudent to say.

A large tariff will be placed on chips and semiconductors. However, companies like Apple that are building or have committed to build in the United States will not be charged the tariff.

Long threatened tariffs from President Donald Trump have plunged the country into trade wars abroad, with the on again, off again new levies escalating uncertainty. Tariffs don't cause inflation, they cause success. There could be some temporary short term disruption, and people will understand. On February 1, Trump began by signing an executive order to impose tariffs on imports from Mexico, Canada and China. It prompted swift outrage from all three countries with promises of retaliatory measures. But on February 3, he agreed to a thirty day pause on that plan for Mexico and Canada, as both countries took steps to appease his concerns over border security and drug trafficking. The next day, 10% tariffs on all Chinese imports went into effect. China retaliated, and on February 13, Trump announced a plan for reciprocal tariffs.

Canada rescinded its digital services tax to restart trade negotiations with the U.S. after President Trump halted talks, calling the tax on U.S. tech companies a "direct and blatant attack." The Canadian tax would have imposed a 3% charge on Canadian revenue over $20 million for U.S. tech companies. Trump also suggested the EU's digital rules are on the table in trade talks, implying the EU might make concessions on big tech laws to avoid U.S. tariffs. He criticized the EU's Digital Markets Act and Digital Services Act, which impose fines for noncompliance. The European Commission denied Trump's suggestion, asserting the sovereignty of its decision-making process and stating its digital laws are "untouchable." The U.S. should be demanding free speech principles from allied countries, but an agreement is more likely regarding digital service taxes than free speech.

The European Commission's retaliatory tariffs are still on the table if a deal with President Trump cannot be made. Speaker 1 believes a deal can be made and offers to help. Their goal is to invite President Trump to Italy for an official visit and explore the possibility of a meeting with Europe, advocating for frank discussions to find mutually beneficial solutions. Speaker 1 believes that together, both sides are stronger and is committed to finding the best way to reinforce this strength on both sides of the Atlantic. Speaker 0 claims that making a deal with Europe will not be a problem because the U.S. has something that everyone wants.

President Trump threatened Apple with 25% duties on iPhones made overseas, stating on Truth Social that he expects iPhones to be manufactured in the United States, not India or elsewhere. Trump clarified in a press conference that the tariffs would also apply to Samsung and any other company that makes that product to ensure fairness. He anticipates these measures will be appropriately implemented by June.

We also recognize potential challenges in the relationship with The United States, and we are ready for that. When targeted, unfairly or arbitrarily, the European Union will respond firmly. This weekend, we witnessed how steep tariffs were imposed on Canada and Mexico. Those tariffs raise business costs. They harm workers and consumers. They create unnecessary economic disruption and drive inflation. We do not see much good coming out of this. At the same time, the European Union remains also steadfast in its multilateral commitments, be it from our development aid to our climate targets.

The speaker updates viewers on developments between Donald Trump and Xi Jinping and says the talks are “getting very interesting.” The speaker contrasts Trump’s approach toward different countries: they say Trump “bullies” European leaders and that those opponents are “weak,” but that this pattern does not apply with Russia or Iran. The speaker claims that when Trump goes to China, he will not be able to negotiate in the way he usually does, citing the situation involving Iran. The speaker reports that China is taking a harder stance. China is described as saying that future sanctions will not matter—“we’re not gonna pay attention”—and that China will continue tariffs with the United States, including a 77% tariff on American beef and a 22% tariff on soybeans. The speaker adds that these tariffs have upset American farmers. The speaker says China’s position is that it will consider lowering tariffs if the United States comes to China “and you ask nicely,” and describes this as a reversal. The speaker then introduces the “Thucydides trap,” attributing it to a Greek warrior turned philosopher and describing it as a theory about US–China relations: when one power grows much larger, it can overtake another, making war between them difficult to avoid. The speaker says Xi raised this concept in his opening remarks, expressing hope the United States and China can “transcend the Thucydides trap” and “forge a new model” for relations, with the idea that both countries being large does not automatically require them to clash. The speaker highlights Xi’s warning about Taiwan. They say Xi called the “Taiwan question” the most important issue in China–US relations and stated that if it is handled properly, the bilateral relationship will enjoy overall stability. The speaker reports that Xi then warned that mishandling it would lead to clashes and even conflicts, putting the entire relationship in jeopardy—framing it as a direct warning to Trump that interference over Taiwan could become “really serious.”

The European Commission's retaliatory tariffs are still on the table if a deal with President Trump cannot be made. Speaker 1 believes a deal can be made and aims to invite President Trump to Italy for an official visit, potentially organizing a meeting with Europe. The goal is to frankly discuss everyone's needs to find a mutually beneficial middle ground. Speaker 1 believes that together, both sides are stronger and is seeking the best way to reinforce both shores of the Atlantic. Speaker 0 claims that making a deal with Europe will not be a problem because the U.S. has something that everyone wants.

The president increased tariff rates to offset Chinese retaliation, escalating the situation. Both sides added 25% tariffs, with China implementing additional non-tariff measures that effectively created an embargo on trade. This embargo is considered unsustainable for both sides.

China has reportedly grounded Boeing as payback for Trump's tariffs, halting further deliveries of Boeing jets and purchases of aircraft equipment from US companies. China has already halted exports of critical rare earth minerals. In response to US tariffs, China insists it will persevere and expand its trade circle, even approaching India, Australia, and Saudi Arabia to form an axis against The US. China warned, "if war is what The US wants...we're ready to fight till the end." Pundits warn tariffs could eliminate 740,000 US jobs by 2025. Prices for apparel, electronics, and consumer goods will rise, and China's retaliatory tariffs jeopardize a $16 billion export market in agriculture. While tariffs incentivize re-shoring, 95% of some goods rely on Asian manufacturing, and higher import costs could exacerbate inflation. Much of what is labeled "Made in USA" or "Made in France" contains components manufactured in China. Economists warn this trade war could result in a recession.

The president wants to impose tariffs on foreign importers to bring investment and jobs back to the U.S. Businesses can avoid tariffs by building and investing more in America and raising wages for American workers. The administration aims to lower inflation, ensure government services, and force businesses to invest in American workers. Inducing businesses to invest in American workers and reshoring supply chains will strengthen the economy long-term. The COVID crisis showed the U.S. can't rely on China for critical supplies. The president is changing a bipartisan consensus that has harmed American workers. Investing in the U.S. will be rewarded with lower taxes, regulations, and energy costs. The European Union has been tough on American workers by imposing tariffs. The president is defending the American worker and fighting back against unfairness. The U.S. has a $1 trillion trade deficit and will no longer allow Americans to go into debt to buy foreign-made goods.

The speaker states that China wants to make a deal with the United States and believes China has to make a deal. China made a mistake when it retaliated. When America is punched, the president punches back harder, which is why 4% tariffs will go into effect on China tonight at midnight. The president believes that Xi and China want to make a deal, but they just don't know how to get that started. If China reaches out to make a deal, the president will be incredibly gracious but will do what's best for the American people. The Chinese want to make a deal, but they just don't know how to do it.

The tariff on China will increase to 25% because China retaliated against the U.S. More than 75 countries have contacted the White House to negotiate better trade deals. There will be a 90-day pause on reciprocal tariffs during negotiations, and the tariff level will be reduced to a universal 10%. According to the Treasury Secretary, President Trump's negotiating strategy has brought more than 75 countries forward to negotiate. Countries that do not retaliate will be rewarded with a 10% baseline tariff. China's tariff will be raised to 25% due to their insistence on escalation.

President-elect Trump is taking decisive action against China, Mexico, and Canada, announcing a 25% tariff on imports from these countries. He plans to sign the order immediately after his inauguration. The message is clear: to avoid tariffs, these countries must stop allowing illegal immigration and the influx of fentanyl and criminals into the U.S. Trump emphasizes that if Canada and Mexico want to avoid tariffs, they need to take responsibility for their borders. He believes that imposing tariffs is essential for protecting American jobs and that this marks a significant shift in policy, signaling a new approach to international trade and border security.