Trump says he’ll raise tariffs on EU if it doesn’t invest $600 billion in U.S.
President Trump warned the European Union that he will ramp up U.S. tariffs on its exports
if the 27-nation bloc doesn’t follow through on its promise to invest $600 billion in the U.S. In July, Mr. Trump and the EU reached the contours of a preliminary trade deal that includes a 15% tariff on most imports from the trading bloc, along with a commitment to invest $600 billion in the U.S. and purchase $750 billion worth of American Energy. If the EU balks at the investment commitment, Mr. Trump said they will pay a steep price.
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