itstargetnews
Red Land Cotton’s founder Mark Yeager talks to Fox Business ‘Lydia Hu to talk about business vision “to invest in Americans’ textiles.
The European Union says he is willing to impose “firm counterparts” in case the President Donald Trump He advances with his strong tariffs against the continent this week.
EU President Ursula von der Leyen issued the warning on Tuesday, speaking to the European Parliament. He argued that rates would lead to a trade war, inflation and other economic difficulties for both Europeans and the North -Americans.
“We have everything we need to protect our people and our prosperity,” said Leyen. “We have the strength to negotiate, we have the power to go back.”
“The rates are taxes that people will pay. The rates are taxes for the North -Americans to their groceries and their medication. The rates will only feed inflation, exactly the opposite of what we wanted to achieve,” he added.
The President of the European Commission, Ursula von der Leyen, has threatened to retaliate against the North -American rates. (Photo by Nicolas Economou / Nurphoto through Getty Images / Getty Images)
Trump has said he will present a rate suite on Wednesday, which he has dubbed “Liberation Day”. Leyen emphasized it The EU is open In the negotiations with the Trump administration, but he said they are ready for anything.
“We are open to negotiations. We will approach these negotiations from a force position. Europe has many letters,” he said.
This is what happened during Trump’s tenth in office
“This force is also based on our preparation to take firm measurements if needed. All instruments are on the table,” he added.
President Donald Trump has pledged to impose a wave of rates on Wednesday, recently called “Liberation Day”. (Earn McNamee / Getty Images / Getty Images)
Trump’s promised rates It will be at the top of 25% of rate to steel and aluminum imports, 25% of rates to the goods imported from Canada and Mexico and a 20% rate in the goods of China.
“Liberation Day, I call it release day in America,” Trump told the White House last week, previewing April 2. “”You will see rates. And I think I’ve been very fair. I have them established. But I think I have been very fair with the countries that have really been financially abused for many decades,. “
President Donald Trump has announced that he will impose a 25% rate on foreign steel and aluminum imports in the United States. (Brandon Bell / Getty / Getty) pictures
Get Fox Business during clicking here
So far, Trump has not detailed Wednesday’s rates. Announced a 25% rate to automobile imports earlier this week. It is expected to come into force by the end of Wednesday.
