SUMMARY
Former Trump officials are urging the European Union to brace for immediate tariff actions from President-elect Donald Trump, a move seen as a decisive step to restore fairness in U.S.-EU trade relations. Trump’s overwhelming electoral victory, including winning the popular vote and sweeping swing states, has emboldened his administration to act swiftly on promises made during the campaign. Kelly Ann Shaw, a former Trump economic adviser, highlighted that Trump seeks to correct trade imbalances, targeting the EU’s high tariffs, such as the 10% on cars compared to the U.S.’s 2.5%. The U.S. trade deficit with the EU, expected to reach a record $230 billion in 2024, is a key motivator. Trump is also likely to impose baseline tariffs of up to 20% on all imports, including $575 billion worth of goods from the EU, to pressure trading partners into reducing barriers. This bold move reflects Trump’s commitment to ensuring reciprocal trade terms, putting America First on the global stage.
