Trump Claims EU Pledged $600 Billion, Threatens 35% Tariffs

August 5, 2025

Former President Donald Trump asserted in a CNBC interview that the European Union guaranteed $600 billion to allow the U.S. “to do what we want,” warning he would hike tariffs to 35% if the funds fail to materialize. “The only reason I lowered them to 15% was this,” Trump emphasized, referencing the alleged financial assurance.

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