Trump Promises Tariffs on European Union

The president’s trade policy includes 25 percent tariffs on Mexico and Canada, another 10 percent on China, and a list of planned actions coming soon.

President Donald Trump talks to reporters after signing an executive order, "Unleashing prosperity through deregulation," in the Oval Office on Jan. 31, 2025. Chip Somodevilla/Getty Images

President Donald Trump told reporters in the Oval Office Jan. 31 that tariffs will “absolutely” be imposed on the European Union (EU), although he did not elaborate on the timing or the rate.

“The tariffs are going to make us very rich and very strong,” Trump said. “And we’re going to treat other countries very fairly, but if you think about it, other countries charge us tariffs, we don’t charge them tariffs, and it’s about time that that changes.”