Tuesday 05/Aug/2025 – 04:32 PM
US President Donald Trump stated that the United States may re -impose customs duties by 35% on the imports of the European Union, if the bloc is not committed to its investment pledges towards the American economy.
In an interview with CNBC, Trump said today, Tuesday, in response to a question about the measures that Washington will take if the European Union does not fulfill its obligations: Then they will pay customs duties by 35%.
Trump added: “They reduced their customs fees, and they invested 600 billion dollars, and then the fees were reduced from 30% to 15%, but then several countries came and asked: Why does the European Union pay less than what we pay?”
Trump: We will increase customs duties on India
Trump stated that he intends to increase customs duties significantly on India during the next 24 hours because of its purchase of Russian oil.
Trump said: We have reached 25%, but I think I will raise the value of customs duties on India significantly over the next 24 hours because of its purchase of Russian oil.
In another context, Trump stated that if oil prices drop to another $ 10 per barrel, it may lead to ending the conflict in Ukraine.
Trump said that if oil prices decrease enough, Russian President Vladimir Putin will stop the conflict in Ukraine, and that will be good, if oil prices decrease another ten dollars per barrel, he will not have another option.
