President Donald Trump has rejected the European Union’s "zero-for-zero" tariff proposal for industrial goods, calling it "very, very bad." Trump argued that the EU restricts U.S. cars and agriculture, and retaliated by imposing a 20% tariff on European exports. European Commission President Ursula von der Leyen warned of countermeasures if talks collapse. As tensions escalate, EU stock markets tumbled, with Germany’s DAX and the UK’s FTSE 100 suffering heavy losses. The standoff risks disrupting transatlantic trade worth over €1 trillion annually, threatening global economic stability.
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NewsTranscript
00:00We had just a lot of good talks on a lot of things.
00:29I appreciate very much what you said about the tariffs.
00:31We've been ripped off and taken advantage of by many countries over the years.
00:36And we can't do it anymore.
00:38We just can't do it anymore.
00:39We can't be the stupid people anymore.
00:41And it's all because of the people that sat in this seat right here.
00:46Not your seat, but this seat.
00:48And they allowed things to happen to our country that they shouldn't have allowed to happen
00:52on trade and other things, many other things.
00:54I mean, look at what's happened with our last president,
00:57where he allowed millions of people to come into our country with an open border.
01:02Who would want an open border? How stupid is that?
01:05But he allowed millions and millions of people.
01:08And of the millions, and I think it was 21 million people.
01:12What's happened to my country with an open border?
01:14I'm done.
01:19I'm done.
01:20I'm done.
01:22I'm done.
01:23I'm done.
01:24I'm done.
01:25I'm done.
01:26I'm done.
01:28I'm done.
01:31I'm done.