From Trump’s EU Pay-Up Demands to Tariff Pause: High-Stakes Maneuvers
President Trump’s claim that “more than 75 countries” sought trade talks after his tariff threats is under scrutiny as he rejects offers of zero tariffs from nations like Vietnam and the EU. On Truth Social, Trump boasted, “I have authorized a 90-day PAUSE” with a 10% tariff, citing non-retaliation “at my strong suggestion.”
Yet, he dismissed Vietnam’s zero-tariff proposal and EU concessions, demanding “a lot of money” for past and future compensation. “Many are kissing my ass,” Trump reportedly quipped, raising doubts about his negotiation claims as markets rally on the pause.
EDITORIAL NOTE: Verifying President Trump’s claim that “more than 75 countries” have called to negotiate a solution is challenging due to limited public data. The White House has not released an official list of these nations, and Trump’s statement on Truth Social remains the primary source. Independent confirmation would require cross-referencing statements from foreign governments, trade ministries, or international bodies like the WTO, but as of April 10, 2025, no comprehensive tally has emerged. Some countries, like Vietnam and EU nations, have publicly offered tariff concessions, only to face rejection, suggesting Trump’s figure may be exaggerated or include informal inquiries.
President Trump escalated trade tensions Sunday, demanding the European Union pay “a lot of money” annually—including retroactive compensation—before any negotiations, as 20% tariffs on EU goods loom Wednesday.
“Europe has taken a lot of our wealth,” Trump declared aboard his plane from Mar-a-Lago, tying the tariffs to a $202 billion trade deficit. “They don’t take our cars, our agricultural products—nothing!” he fumed, rejecting talks without payment. The EU, facing unprecedented demands with no legal basis, has yet to respond as US importers brace for higher costs and disrupted supply chains.
Vietnam’s attempt to delay U.S. President Donald Trump’s “reciprocal” tariffs by offering to drop import tariffs on U.S. goods to zero was rebuffed by the White House. Deputy Prime Minister Bui Thanh Son pitched the proposal during a Sunday meeting with U.S. Ambassador Marc E. Knapper, aiming to ease trade tensions.
However, senior trade counselor Peter Navarro dismissed it on Fox News, stating, “This is not a negotiation, this is a national emergency” driven by an “out-of-control” trade deficit due to alleged cheating. The rejection underscores Trump’s hardline stance as tariffs loom. Is the Tariff Pause serious?
Read More News on Business News Malaysia
Read More News on Business News Malaysia
Historical analysis shows World Cup tournaments have limited influence on FBM KLCI performance, with macroeconomic…
The prolonged US-Iran conflict has turned into a drawn-out war of attrition, far exceeding the…
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched…
Healthcare, energy, AI, and defense spending are approaching $25 trillion in 2026, creating a powerful…
Brrandom On its third anniversary, the AI-native marketing technology company launches six transformative AI practices,…
Forest City’s Special Financial Zone (SFZ) could exceed its RM2 billion investment target this year,…
This website uses cookies.