Trump says US is involved in ‘Stupid Trade,’ not ‘free trade’

American Trade Minister Howard Lootnick breaks the logic behind a large number of definitions, interacts with trade criticism and reveals the ultimate goal of president Donald Trump’s tactics.
President Donald Trump says the United States is involved in “stupid trade”, not “free trade”.
Trump made note on his social account on Thursday after he threatened to impose a 200 % tariff on alcohol products from France and other European countries, which exacerbated the trade war between American allies.
“The United States has no free trade. We have” stupid trade “. The whole world wipes us !!!” Trump wrote.
An hour before that message, Trump said, “The European Union, one of the most aggressive and definitive tax authorities in the world, which was formed for a single purpose is to benefit from the United States, has put a 50 % bad tariff on whiskey.”
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President Donald Trump is walking throughout the southern grass on board one Marin at the White House in Washington, DC, on Friday. (Kayla Bartkowski / Getty Images / Getty Images)
He added: “If this tariff is not removed immediately, the United States will soon be a 200 % tariff for all wine, champagne and alcoholic products that come out of France and other countries represented in the European Union. This will be great for wine and champagne companies in the United States.”
French Trade Minister Laurent Saint Martin responded to Trump’s position on Thursday, saying that the country would protect its industries.
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Trade Minister Howard Lootnick said that “nothing” will stop the end of President Donald Trump’s tariff for “Varney & Co.” Wednesday. (Samuel Corome/Siba/Bloomberg via Getty Images/Getty Images)
“Trump is escalating in the trade war he chose to start,” St. Martin said in a post on X. “France is still determined to respond with the European Commission and our partners.”
The Trump administration also participated in the collective tariffs with Canada this week, a country that the president described as “one of the highest identification countries anywhere in the world.”
President Donald Trump speaks with media outlets in southern grass before going up to one at the White House in Washington, DC on February 28. (Reuters / Nathan Howard / Reuters)
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Canada announced 21 billion dollars of additional customs tariffs against the United States on Wednesday, after the new definitions are valid by 25 % of Trump on steel and aluminum.
Fox Business’ Daniella Genovese contributed to this report.
2025-03-13 16:33:00