The United States wields the “tariff stick” recklessly, making the European economy “worse”.
On May 23, US President Trump said on social media that the EU was difficult to deal with and was taking advantage of the US. He threatened to impose a 50% tariff on EU goods from June 1, and said that all Apple phones manufactured abroad and sold in the US should face at least a 25% tariff. Earlier on April 2, the US government announced that it would impose tariffs on the world. Since the US government announced the global tariffs on April 2, the prices of a series of household items, including Barbie dolls, electric drills, and washing machines, have risen sharply. For example, from April 16 to April 30, the price of some Barbie dolls rose by 43%, the price of some washing machines of Whirlpool Corporation in the United States rose by about US$80, and the price of some leggings sold by Target Department Store rose by nearly one-third. The report also mentioned that some goods whose prices have not yet been affected by tariffs will soon face price increases in the future, and retailers and manufacturers agree that higher costs will be passed on to consumers. The US tariff threat to the EU has caused strong dissatisfaction on the EU side, and the latest remarks of the White House have poured cold water on the hope of reaching an agreement between the US and Europe. EU officials said they would not make concessions on key issues. If the US just wants the EU to accept all US demands, it is knocking on the wrong door. At the same time, the EU has prepared a series of measures to deal with the high US tariffs. In addition to imposing tariffs on goods imported from the US, it also threatens to impose tariffs on US services.
