President Donald Trump is meeting with European Commission President Jean-Claude Juncker on Wednesday and has made it clear that more tariffs could be imposed in the future.
“Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that – and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!” tweeted Trump Tuesday morning.
The EU trade surplus with the U.S. is about $150 Billion.
“Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate. This should have taken place many years ago but, as the saying goes, better late than never!” tweeted Trump.
The E.U. is already displeased with the recent 10 percent tariff placed on aluminum imports and 25 percent on steel imports.
After, the E.U. slapped tariffs on American imports like bourbon, orange juice, and more.
Trump is now saying that the U.S. may also put a 20 percent tariff on all imported European-made cars.
The European Commission has said that the meeting Wednesday with Trump isn’t going to involve negotiations but will be more of a dialogue.
“I do not wish to enter into a discussion about mandates, offers because there are no offers,” said a spokesman, as reported by Reuters. “This is a discussion, it is a dialogue and it is an opportunity to talk and to stay engaged in dialogue.”
According to Cecilia Malmstrom, the European Union trade commissioner, Juncker is hoping “to de-escalate the present situation and prevent it from worsening.”
After Trump’s last meeting with Juncker at the NATO session earlier in the month, Trump called the European Commission President a “brutal killer,” meaning he is “a tough negotiator.”
Author’s note: This is an important summit and Trump is issuing a warning with these tweets. It’s all part of his strategy.