U.S. President Donald Trump has declared plans to impose new tariffs on goods from European Union countries.

Source: Trump, responding to reporters' questions at the White House, quotes "Public"

Direct Quote from Trump: "Will I impose tariffs on the EU? Do you want an honest answer or a political answer? Absolutely. The EU has treated us terribly".

"They don't take our cars. They don't take our agricultural products. They essentially take almost nothing from us. We have a massive deficit with the EU. So we will do something very significant regarding the EU".

Details: Trump explained that implementing tariffs on EU products aims to correct the trade deficit situation.

Note: The United States plans to introduce tariffs on imports from Canada, China, and Mexico starting February 1, as announced by Trump.

Trump previously claimed that his administration would impose 25-percent tariffs on imports from Mexico and Canada, starting February 1, which is tomorrow.

Canadian Prime Minister Justin Trudeau stated that Ottawa is prepared to respond to the tariffs, but warned that the country faces "challenging times" ahead.