President Trump called-out European Union member states for their “big tariffs” against US goods Tuesday, saying America loses over $150 billion in “unfair” trade with the EU as he departed for Europe.
“Getting ready to leave for Europe. First meeting – NATO. The U.S. is spending many times more than any other country in order to protect them. Not fair to the U.S. taxpayer. On top of that we lose $151 Billion on Trade with the European Union. Charge us big Tariffs (& Barriers)!” Trump tweeted.
Getting ready to leave for Europe. First meeting – NATO. The U.S. is spending many times more than any other country in order to protect them. Not fair to the U.S. taxpayer. On top of that we lose $151 Billion on Trade with the European Union. Charge us big Tariffs (& Barriers)!
— Donald J. Trump (@realDonaldTrump) July 10, 2018
“So I have NATO, I have the U.K. – which is somewhat in turmoil,” Trump told reporters Tuesday before boarding Air Force One. “And I have Putin. Frankly, Putin may be the easiest of them all. Who would think? Who would think?”
The President is set to hold high-stakes meetings with European allies in the coming days, including NATO, the United Kingdom, and others; adding that US taxpayers have long overpaid for the protection of E.U. member nations.
BREXIT BREAKDOWN: UK Foreign Minister QUITS, Theresa May Facing REVOLT
The United Kingdom’s head negotiator leading the nation’s complicated divorce from the European Union suddenly resigned Monday; prompting the UK Foreign Minster to quit his post as the Prime Minister faces an all-out revolt from Parliament.
Brexit negotiator David Davis suddenly stepped down Monday after failing to secure key concessions from EU member states after the UK’s withdrawal.
Hours later UK Foreign Minister Boris Johnson resigned over the political crisis.
“This afternoon, the Prime Minister accepted the resignation of Boris Johnson as Foreign Secretary. His replacement will be announced shortly. The Prime Minister thanks Boris for his work,” said a statement from Prime Minister Theresa May.
The escalating crisis is casting new doubt on May’s political future, with Brexit proponents saying her “soft” plan would force the UK into the worst of all positions; remaining locked in the union’s open border scheme without any voting power.
Read the full report at CNBC.
BREXIT CHAOS: British PM Warns Parliament to Prepare for ‘NO DEAL’ with EU
The British government was thrown into total chaos Monday morning following the abrupt resignation of two top-level officials to the Prime Minister, with Theresa May warning Parliament to prepare for a “no deal” Brexit from the European Union.
May’s warning came just hours after her top negotiator in Brexit talks abruptly stepped-down, prompting Foreign Minister Boris Johnson to quit the Cabinet moments later.
“May’s critics seized on the dual departures to chastise May’s handling of Brexit, and to suggest that her government is ill-suited to facilitate the complex disentanglement of two of the world’s major economies,” writes CNBC.
The Prime Minister spoke with Members of Parliament following the resignations, saying they should prepare for “multiple outcomes” in future talks with the EU, including a “no deal” Brexit.
The “no deal” option means the UK and EU may fail to reach a formal agreement when Britain is automatically removed from the union this March; prompting market chaos and severe uncertainty over immigration, trade, travel, and finances.
Read the full report at CNBC.