U.S. President Donald Trump criticizes the European Union, claiming it was “set up to take advantage of the United States.” Speaking to reporters, Trump lamented past U.S. policies, calling them “stupid” for allowing trade imbalances. He singled out pharmaceutical companies relocating to Ireland, suggesting he would have imposed a 200% tariff on their exports to the U.S. to curb outsourcing. Trump’s remarks come amid escalating trade tensions with Europe and renewed focus on American manufacturing.
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