Trade deficit – One America News Network

US President Donald Trump pumps his fist upon arrival at the South Lawn of the White House in Washington, DC, on May 22, 2025. Trump attended a private dinner at Trump National Golf Club. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Trump threatens 50% tariffs on EU imports: ‘Very difficult to deal with’

President Donald Trump on Friday threatened to impose a 50% tariff on all European Union (EU) products starting on June 1st, explaining that Europe has been “very difficult to deal with.”

The convoy carrying the US Secretary of Treasury arrives to the residency of the permanent Swiss Ambassador to the United Nations offices during talks between Seniors US and Chinese officials on tariffs, in Geneva on May 11, 2025. Talks between top US and Chinese officials resumed for a second day May 11, after the US President voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. (Photo by VALENTIN FLAURAUD / AFP) (Photo by VALENTIN FLAURAUD/AFP via Getty Images)

Trump Indicates ‘Total Reset’ With China On Tariffs Following Initial Geneva Trade Talks

President Donald Trump has voiced optimism about striking a trade deal with China after initial talks in Geneva on Saturday, suggesting a possible “total reset” in trade relations between the two nations.

WASHINGTON, DC - MAY 06: U.S. President Donald Trump (R) meets with Canadian Prime Minister Mark Carney in the Oval Office at the White House on May 6, 2025 in Washington, DC. Carney, who was elected into office last week, is expected to meet with President Trump to discuss trade and the recent tariffs imposed on Canada. (Photo by Anna Moneymaker/Getty Images)

Trump Blasts Canada PM Before First Meeting: ‘We Don’t Need Anything They Have’

Before President Donald Trump welcomed Canadian Prime Minister Mark Carney to the White House on Tuesday, he questioned the United States’ trade deficit with its northern neighbor in a Truth Social post — emphasizing that Canada is foolish to act like they have the upper hand in negotiations.

(L) President Donald Trump signs executive orders in the Oval Office on January 20, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) / (R) WASHINGTON, DC - APRIL 23: U.S. Treasury Secretary Scott Bessent delivers remarks during the International Finance Institute Global Outlook Forum at the Willard InterContinental Washington on April 23, 2025 in Washington, DC. The forum is being held alongside the 2025 spring meetings of the World Bank Group (WBG) and International Monetary Fund (IMF). (Photo by Andrew Harnik/Getty Images)

Trump: Tariffs On China Will ‘Come Down Substantially… We Are Going To Have A Fair Deal’

President Donald Trump has hinted at a possible reversal of course in his trade war with China, stating that high tariffs on Chinese imports will “come down substantially, but it won’t be zero.” These remarks seemingly prompted markets to spike on Wednesday.

(L) White House press secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on April 08, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) / (R) (FILES) File photo dated 08 May, 1996 shows US Congresswoman Nancy Pelosi, D-CA, speaking during a Capitol Hill press conference in Washington, DC. House Democratic leader Dick Gephardt (R, D-MO) is expected to announce 07 November, 2002 that he will not seek another term after the Republican opponents took both the House of Representatives and the Senate in mid-term elections 05 November. One of two Democrats vying to fill the spot is is Minority Whip Nancy Pelosi; the other is chairman of the Democratic caucus Martin Frost (D, TX). AFP PHOTO/J. David AKE (Photo by J. DAVID AKE / AFP) (Photo by J. DAVID AKE/AFP via Getty Images)

Press Secy. Leavitt Hits Back At Pelosi Over Resurfaced 1996 Video Amid China Tariff Debate

On Tuesday, White House Press Secretary Karoline Leavitt threw shade at former House Speaker Nancy Pelosi, highlighting previous comments that the liberal former Congresswoman has made about tariffs.

WASHINGTON, DC - MARCH 12: U.S President Donald Trump speaks during a St. Patrick’s Day event with Irish Taoiseach Micheál Martin and his wife Mary O'Shea in the East Room of the White House on March 12, 2025 in Washington, DC. Martin traveled to the United States for the Irish leader's annual St. Patrick's Day visit where he attended a luncheon with Congressional leaders and a meeting in the Oval Office with Trump. (Photo by Kayla Bartkowski/Getty Images)

Trump Threatens 200% Tariff On European Wines And Champagnes Amid Escalating Trade Tensions

President Donald Trump on Thursday morning threatened to put a massive 200% tariff on wine and champagne that is shipped from Europe if the European Union (EU) does not remove a tariff on whisky.