Trump's taunt on EU – America's allies took advantage more than its enemies, called India a 'tough' country

Washington: Former US President and Republican Party presidential candidate Donald Trump today said that America's allies have taken advantage of it more than its enemies. Trump said in response to a question at the 'Economic Club' of Chicago, “Our allies have taken advantage of us more than our enemies.” Our ally is the European Union (EU). “Our trade deficit with the EU is US$300 million.”

He also said, “We have trade deals that are terrible. I ask who are the people who do this? They are either very stupid or they are getting paid.”

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He said, “I imposed a 27.5% tax on China. Otherwise, we will have a flood of Chinese cars. All our factories will be closed. We will have no jobs in the auto industry at all. This also applies to electricity, which is deadly, which I have mentioned. I taxed South Korea because they were sending trucks. “I taxed myself to a great extent.”

Former President Trump said, “Do you know that our car companies make almost all their money from small trucks and SUVs? If I take those taxes back, you'll be screwed. Every car company will go out of business.”

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While answering questions on Russia, he defended his relations with President Vladimir Putin. On the issue of tax, he reiterated that India is a harsh country. Trump said, “India is a very tough country.” This is not just about China. I would say China is probably the toughest. You know what's the hardest? The European Union, our beautiful European countries, which are wonderful. If you add them up, they're about our size. They treat us very badly. We only have losses.

Trump also said, “We will bring the companies back. We are going to further reduce taxes for those companies which are going to manufacture their products in America itself.” He further said that he is also going to protect these companies from strong tariffs, because he is a big believer in tariffs. (with agency input)