The President of America had caused chaos recently with his ideas. He wanted to see higher tariffs on aluminum and steel imports. He also warned he would implement higher tariffs on car imports from Europe if they retaliated for his tariffs on the same steel and aluminum.
This move by Trump had lawmakers in a bind as they have concerns of a trade war. It was believed that this move could cause a recession.
The President wasn’t backing down from his intention to raise the tax percentage. This was a concern for the GOP since it was likely Europe would retaliate.
Trade War?
“If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.,” Mr. Trump wrote on Twitter. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!”
Trump didn’t stop there , he continued to tweet about the ongoing possible crisis.
“The United States has an $800 Billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies,” Trump also tweeted. Our jobs and wealth are being given to other Countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more!”
