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Trump Administration Signals Potential Tariff Increases on EU Goods

Economic officials from the Trump administration are warning the European Union to prepare for potential tariff hikes on European products under the new U.S. president. Kellyanne Shaw, a former deputy assistant to Trump, highlights that trade imbalances, particularly regarding tariffs on cars and agricultural products, are driving this strategy. The U.S. faces a significant trade deficit with the EU, projected to reach $230 billion in 2024. Shaw and other advisors suggest that Trump’s approach may involve bypassing EU bureaucracy for direct negotiations with European capitals, emphasizing swift action on trade policies.

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