President Donald Trump of the United States, US, has disclosed the impact of tariffs on China, the European Union, and other countries.
Trump pointed out that US tariffs are the only way to cure the financial deficits with China, the EU, and other countries.
Posting on his social media handle, Truth, Trump said the tariffs program is already bringing in billions of dollars.
He also accused former president Joe Biden of allowing these countries to make a surplus from the US.
The US president also vowed to quickly reverse these surpluses, adding that Americans will someday see the tariffs as a beautiful thing.
He wrote: “We have massive financial deficits with China, the European Union, and many others.
“The only way this problem can be cured is with TARIFFS, which are now bringing tens of billions of dollars into the U.S.A.
“They are already in effect, and a beautiful thing to behold. The surplus with these countries has grown during the ‘presidency' of Sleepy Joe Biden.
“We are going to reverse it, and reverse it QUICKLY. Someday people will realize that tariffs, for the United States of America, are a very beautiful thing.”
