Part 7/10:
Simultaneously, the Trump administration is preparing to address European trade practices. Concerns over the European Union's Value Added Tax (VAT) and other barriers to American goods have prompted discussions of reciprocal tariffs. These measures seek to level the playing field for American businesses that currently face high barriers to entry in Europe while European goods traverse U.S. markets with relative ease.
Lutnick emphasized a commitment to restoring manufacturing processes within the United States, aiming to rejuvenate industries that have been negatively impacted by unfavorable trade deals. This narrative positions Trump as a protector of American workers, intent not just on safeguarding jobs but rebuilding an industrial backbone that has seen significant erosion.