Trump's economic warning to countries..!?

Donald Trump, who dreamed of taking office as the President of the superpower for the second time, is known to have achieved a resounding victory in the US presidential election as he had planned. He will take office in the new year and has been verbally stating how his administration will be. With only the transfer of power remaining, he is making it clear how his administration will be before he takes office. As part of this, he has already issued economic warnings to canada and Mexico. Recently, he has given warnings to india in his own style. The european union countries have recently joined that list.
 Referring to white house reports that the trade gap between the US and the european union is huge, he demanded that those countries buy gas and fuel from the US. If they do not do so, he will increase all tariffs. He said that according to 2022 statistics, there is a trade gap of $202.5 billion between the EU and the US. It is said that it has increased even more this year. While the US imports $553 billion worth of products from the EU, they have exported $350.8 billion worth of products to the EU, saying that this gap should be reduced as soon as possible. He made it clear that if this gap is not reduced, additional funds to NATO will be stopped. Trump, who will take office for the second time as US President, is said to be making arrangements to issue 50 executive orders on the day he takes office. He has already started efforts to make his mark from the first day. He has previously mentioned the trade gap with the EU as a major issue during his time as US President. It is noteworthy that he has brought the issue to the fore even before taking office.
The european union, which is fed up with the US approach, has taken alternative efforts. It is making huge trade agreements with South American countries like Brazil, Argentina, Uruguay, and Paraguay. It is said that this will benefit 700 million people in South American countries. EU Chief Ursula von der Leyen is commenting that strong winds are blowing in the opposite direction compared to free trade. She is criticizing Trump's approach with her comments. Meanwhile, Trump's argument is different. It is said that if America wants to prosper again, it is necessary to increase tariffs.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

donald trump

Sowmiya Sriram

21/12/2024 11:35 AM