financetom
Economy
financetom
/
Economy
/
Trump Calls EU 'Nastier Than China' Days After Praising Ursula Von Der Leyen As 'Fantastic,' Says US Holds 'All The Cards' In Trade Standoff
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump Calls EU 'Nastier Than China' Days After Praising Ursula Von Der Leyen As 'Fantastic,' Says US Holds 'All The Cards' In Trade Standoff
May 26, 2025 6:29 AM

President Donald Trump referred to the European Union as “nastier than China” in Monday’s press briefing during the signing of an executive order aimed at lowering prescription drug prices.

What Happened: Trump called on Europeans to shoulder more financial responsibilities, especially in the healthcare sector. He maintained that the U.S. has the upper hand in trade agreements with the EU.  “Oh, they’ll come down a lot. You watch. We have all the cards. They treat us very unfairly,” stated Trump as reported by Politico.

The President’s remarks represent a notable shift from his earlier praise of European Commission President Ursula von der Leyen, whom he had described as "fantastic" a few days before. Although she has met with several European leaders, von der Leyen has not yet confirmed a meeting with Trump, stating she would only do so if a “concrete” trade package could be negotiated.

Trump’s remarks about the EU were aimed at compelling pharmaceutical companies to sell medications in the U.S. at the lowest prices they charge in other countries.

“Europe’s going to have to pay a little bit more. The rest of the world is going to have to pay a little bit more,” he said, adding, “And America is going to pay a lot less.”

SEE ALSO: Trump Memecoin Exclusive Dinner Guest List Revealed With Justin Sun Shining At The Top: Report

Why It Matters: These remarks come amid rising tensions between the U.S. and the EU. Earlier this month, the EU announced plans to challenge the U.S.’s tariff policy at the World Trade Organization (WTO), proposing countermeasures worth €95 billion ($107.4 billion) if a trade deal with Washington fails to materialize.

Contrarily, U.S. Vice President JD Vance had recently emphasized the importance of unity between the U.S. and Europe, calling the talk of a divide “completely ridiculous”. His comments were made at the Munich Leaders Meeting in Washington, according to another.

Notably, Trump’s comments on the EU come a day after the U.S. and China agreed upon a 90-day tariff truce to de-escalate trade tensions.

READ MORE: India Breaks Silence After Rafale Jet Reportedly Downed By Pakistan’s Chinese-Made Fighter — Triggering Sell-Off In Dassault Aviation Stock: ‘Losses Are A Part Of…’

Image via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Oct 7, 2024
(Reuters) - Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data. U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, the Labor Department reported on...
US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics
US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics
Oct 6, 2024
The past week has been a rollercoaster ride for the U.S. economy. From a surprising surge in job growth to predictions of market euphoria topping soon and Elon Musk’s alarming bankruptcy prediction for the U.S., there’s a lot to unpack. Let’s dive into the top stories of the week. US Economy Adds 254,000 New Jobs In September The U.S. labor...
Goldman Sachs Lowers US Recession Risk To 15% After Robust Jobs Data
Goldman Sachs Lowers US Recession Risk To 15% After Robust Jobs Data
Oct 7, 2024
Goldman Sachs has reduced the likelihood of a U.S. recession in the coming year to 15%. This revision follows a strong employment report for September. What Happened: The Labor Department’s figures showed that U.S. job growth reached its highest level in six months, with unemployment dropping to 4.1%. This shift has changed the labor market narrative, according to Goldman Sachs...
Bitcoin Approaches $64K Amid Growing Optimism For 'Soft Landing' And A 'Goldilocks' US Economy
Bitcoin Approaches $64K Amid Growing Optimism For 'Soft Landing' And A 'Goldilocks' US Economy
Oct 7, 2024
Bitcoin (CRYPTO: BTC) has seen a notable increase of 1.08% over the past 24 hours, approaching the $64,000 mark. This surge is attributed to positive U.S. employment data and the anticipated reduction in interest rates. What Happened: The cryptocurrency is currently trading at $63,526, recovering from a recent dip near $60,000 last Thursday. This rebound aligns with the U.S. monthly...
Copyright 2023-2025 - www.financetom.com All Rights Reserved