US President Donald Trump said on Wednesday, February 26, that tariffs on European Union products would be 25% in general, and signaled that duties on Canada and Mexico will take effect in early April.
Speaking at a cabinet meeting, Trump described the EU – whose creation was encouraged for decades by Washington – as rooted in an attempt to counter the United States.
"Look, let's be honest, the European Union was formed in order to screw the United States," Trump said.
Asked if he had made a decision on tariff levels for the bloc, Trump added: "We'll be announcing it very soon and it'll be 25%, generally speaking."
He said this would hit products including cars, adding that the EU has "really taken advantage of us." Trump has threatened "reciprocal tariffs" on US trading partners to counter "unfair and unbalanced" trade. He has also said he would impose sweeping levies on imports of certain products, such as autos and pharmaceuticals.
Since taking office in January, Trump has announced and paused blanket tariffs on US neighbors Canada and Mexico over illegal immigration and fentanyl smuggling. Asked about the halt, Trump said he was not stopping the tariffs, adding that he planned for levies to take effect on April 2.
"The tariffs go on, not all of them, but a lot of them," he said.