President-elect Trump now says the European Union will face tariffs if they do not purchase US oil and gas in large quantities.
President Donald Trump stated on Truth Social the following:
“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas.
Otherwise, it is TARIFFS all the way!!!”
The president added Europe to his growing list of nations under consideration for additional charges to do business with the U.S. under his administration.
He previously warned of “100 percent” tariffs against BRICS countries trying to devalue the American dollar.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER.
We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump wrote.
“They can go find another ‘sucker!’
There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America,” he added.
The BRICS countries include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
Last month after his election victory, Trump warned of new tariff charges against Mexico, Canada and China.
“As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before.
Right now a Caravan coming from Mexico, composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border.
On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump wrote.
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!
Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem.
We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!” he continued.
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