Headlines

Trump says EU not offering fair trade deal, Japan being 'tough' too

Published by Global Banking & Finance Review

Posted on June 17, 2025

2 min read

· Last updated: January 23, 2026

Add as preferred source on Google
Trump says EU not offering fair trade deal, Japan being 'tough' too
Global Banking & Finance Awards 2026 — Call for Entries

By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent had stayed at the G7 meeting in Canada, and suggested Japan was

Trump says EU not offering fair trade deal, Japan being 'tough' too

By Jeff Mason and Kanishka Singh

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent had stayed at the G7 meeting in Canada, and suggested Japan was being "tough" in trade talks and the European Union had not yet offered what he considered a fair deal.

Trump left the G7 meeting early to deal with developments in the Middle East from the White House. Speaking to reporters on the trip back on Air Force One, the president said the 27-nation EU had been tough over the years with the United States.

"We're talking, but I don't feel that they're offering a fair deal yet," Trump said. "They're either going to make a good deal or they'll just pay whatever we say they have to pay."

Trump also said there was a chance of a trade deal between Washington and Japan.

"They're tough, the Japanese are tough, but ultimately you have to understand we're just going to send a letter saying 'this is what you're going to pay, otherwise you don't have to do business with us'. But there's a chance," he said.

Trump also said pharmaceutical tariffs were coming very soon.

"We're going to be doing pharmaceuticals very soon. That's going to bring all the companies back into America," he said. "It's going to bring most of them back into, at least partially back in."

Trump also said Canada would pay to be part of his "Golden Dome" missile shield project.

(Reporting by Jeff Mason and Kanishka Singh; Editing by Alex Richardson)

Key Takeaways

  • Trump claims EU offers unfair trade deals.
  • Japan described as tough in trade negotiations.
  • Potential trade deal with Japan mentioned.
  • New pharmaceutical tariffs to be introduced.
  • Canada to contribute to missile shield project.

Frequently Asked Questions

What did Trump say about the EU trade deal?
Trump expressed that he does not feel the EU is offering a fair trade deal yet, stating, 'We're talking, but I don't feel that they're offering a fair deal yet.'
How did Trump describe Japan's approach to trade talks?
Trump described Japan as being 'tough' in trade negotiations, indicating that they are not easily conceding in discussions.
What upcoming tariffs did Trump mention?
Trump mentioned that pharmaceutical tariffs are coming very soon, which he believes will encourage companies to return to America.
What did Trump say about Canada's involvement in the missile shield?
Trump stated that Canada would pay to be part of his 'Golden Dome' missile shield project.
Why did Trump leave the G7 meeting early?
Trump left the G7 meeting early to address developments in the Middle East from the White House.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category