The president of the United States, Donald Trump, harshly attacked the trade agreements between the United States and the European Union this Thursday during his speech by videoconference at the Davos Economic Forum in Switzerland. “From the point of view of America, the EU “He treats us very unfairly and very badly,” Trump said. He has also criticized the processes opened in the EU for their dominant position against large technology companies, such as Apple and Google.
The Republican has assured that European taxes make it “very difficult” to export American products to the European Union. “And yet they hope to sell, and in fact do sell, their products in the United States. That’s why we have hundreds of billions of dollars in trade deficits with the EU, and no one is happy about that. “We are going to do something about it, but no one is satisfied. I think the EU has to speed up its process,” Trump said, referring to the EU’s regulatory regime.
The alliances of big technology with Trump have also been noted in criticism of the EU. The president has regretted the cases against Google and Apple. “These are American companies, whether we like them or not, they are American companies, and they should not do this to them,” he denounced.
The EU court ruled last September that Google had to pay a fine of 2.4 billion euros for antitrust practices. On the other hand, the EU Court of Justice ruled that the iPhone manufacturer had to pay €13 billion in back taxes to Ireland. Regarding Apple, Trump has said that “most people did not consider it a serious case” and has assured that he now believes that the EU “is going after Facebook.”
Faced with the EU’s regulatory policies, Trump has issued a warning: “If you do not manufacture your product in the United States, which is your prerogative, then, very simply, you will have to pay a tariff.” What could be a veiled threat towards the EU by a Trump who is willing to engage in trade wars, as he has already demonstrated with Mexico, Canada and China. On Monday it announced that it intended to impose new tariffs on the three countries on February 1.
Trump has claimed that his administration has begun “the biggest deregulation in history” and the “biggest tax cut.”
“My message to every company in the world is very simple: come manufacture your product in the United States, and we will give you one of the lowest taxes of any nation on the planet,” said the US president. The offer is the reverse of the threat to manufacturers and companies that they will have to pay tariffs to be able to export their products within the United States.
During question time, the president of Banco Santander, Ana Botín, praised the president’s positioning: “We highly value his focus on deregulation and the reduction of bureaucracy.”
“Ukraine is ready to reach an agreement”
Trump has also explained that he hopes China will help him in peace negotiations between Ukraine and Russia. “Especially with Russia,” he noted. Regarding the possibility of whether there will be an agreement, Trump has assured that “Ukraine is ready to reach an agreement.”
“They will have to ask Russia,” said the US president, who this Wednesday already threatened Moscow with more sanctions if it did not move forward to end the invasion.
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