“If the EU and EU member states insist on continuing to restrict, limit, and deter the competitiveness of U.S. service providers through discriminatory means, the United States will have no choice but to begin using every tool at its disposal to counter these unreasonable measures.”

“Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than it does North American–built vehicles with high U.S. content is a bad deal for the U.S. industry and U.S. auto workers.”

The agreement imposes a 15% tariff on all imports to the U.S. from Japan, while creating a $550 billion fund for investments in the United States.

China will face a 34% rate, while the EU faces a 20% levy and Vietnam sees a 46% tariff.

One recent study found that tariffs on Canada, Mexico, and China would raise the cost to produce a crossover vehicle by about $4,000, while a U.S.-made EV would jump by about $12,000.

The EU’s countermeasures will apply to U.S. goods exports worth up to €26 billion (US$28.4 billion)—matching the economic scope of the U.S. tariffs.

He downplayed the risk that he might cause a recession through the shifting and unpredictable nature of the current, on-again, off-again trade war.

Trump delays by another month his tariffs on all Canadian and Mexican goods covered by the USMCA.