– European Union sounds very nice and beautiful. All the lovely little nations of Europe are united, Donald Trump quipped during a rally in Pennsylvania. He later said Europe would pay a price for not buying more American products.
After returning to the White House, Donald Trump announced that the United States would pass the Trump Trade Act.
Donald Trump: 'They're going to pay a high price' for the European Union
During Donald Trump's rally in Pennsylvania, the Republican candidate revealed plans to promote protectionist trade policies in the United States.
He paid particular attention to the issue of trade in goods with the European Union. He said European countries will regret not deciding to buy more American exports.
See: Kamala Harris' campaign “closing speech.” She called Trump a “despicable tyrant”
– They won't buy our car. They don't buy our produce. They sell millions of cars in the US. No, no, no, they're going to have to pay a high price for that, Donald Trump said.
According to Reuters, Republicans have vowed to impose a 10% tariff on goods imported into the United States from other countries. It also plans to introduce a 60% tariff on imports from China.
President Trump announces protectionist trade policy
Back in September, President Trump claimed that after winning the election, he would impose 100% tariffs on countries that decided to stop using the dollar. China and Russia have undertaken such efforts in the past. India, Brazil and South Africa also discussed the idea at last year's BRICS summit.
See: US presidential election. Kamala Harris leads
The former president suggested that America's currency has been “under great siege” for eight years. “You will abandon the dollar and you will not trade with the United States,” he argued at a rally in Wisconsin.
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