U.S. President Donald Trump issued a warning that Europe would be subjected to a punitive trade tariff if it attempted to welch on its promise to invest in the American economy.
The European Union will “pay tariffs of 35 per cent” if it breaks the conditions of the massive Europe-U.S. trade deal agreed last month, President Trump said. The warning, which was solicited by a question about what safeguards are built into his trade deal with the European Union from CNBC in their interview with the President on Tuesday morning, also saw Trump lay out some of the basics of the agreement.
President Trump said: “They bought down their tariffs. They…
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