Trump Promises Tariffs on European Union

President Donald Trump told reporters in the Oval Office Jan. 31 that tariffs will “absolutely” be imposed on the European Union (EU), though no suggestion of the rate or date of implementation was provided. “The tariffs are going to make us very rich and very strong,” Trump said. “And we’re going to treat other countries very fairly, but if you think about it, other countries charge us tariffs, we don’t charge them tariffs, and it’s about time that that changes.” He called out the Value Added Tax (VAT) imposed on U.S. goods sold to the EU as an unfair trade practice....