Trump Threatens to Cut Trade Ties With Europe Following Interest Rate Hike
The US president cited a $200 billion trade deficit with European nations as justification for the threat, according to a report by TASS.
US President Donald Trump has threatened to cut trade ties with Europe following a recent interest rate hike, according to a report published by Russian state news agency TASS.
In comments cited by TASS, Trump said that the United States is “carrying” European nations, pointing to what he described as a $200 billion trade deficit between Washington and its European partners.
The report did not provide additional details on the specific interest rate hike referenced by Trump or on any concrete policy measures that might follow the threat.
TASS did not specify the venue or date of Trump's remarks, nor did it include reaction from European officials at the time of publication.
The statement adds to a series of trade-related remarks Trump has made regarding US economic relations with European nations, though further details on the context of this particular threat were not available in the source report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
US Tariff Ban on $1bn of Canadian Goods Takes Effect Amid Trade Dispute
The measure is the latest move in an escalating tariff standoff, coming in response to Canadian counter-tariffs on $20bn of US imports.
Trump, tech leaders sign accord on 'superintelligence' safety standards
Participating companies agreed to meet regularly to discuss safety standards for increasingly powerful artificial intelligence systems.
Trump calls Kim Jong Un a friend, defends North Korea's nuclear status
Asked why North Korea is allowed to possess nuclear weapons, the US president pointed to his personal rapport with the North Korean leader.
China's envoy says Beijing-brokered Putin-Xi-Trump meeting would be 'useful'
China's ambassador to Moscow said a trilateral meeting could benefit efforts toward a more multipolar world, if Beijing were to help arrange it.
Trump says he doesn't know if Iran will 'surrender' but reiterates it won't get nuclear weapon
The US president said Iran is in a difficult position but stopped short of predicting when or whether Tehran might back down.
Trump pushes term 'super intelligence' for AI as polls show declining support on the issue
The president shrugged off concerns that his backing of AI and data centers could hurt Republicans in the upcoming midterm election.