In a recent conversation with Stephen Schwarzman, CEO of Blackstone, President Donald Trump discussed American economic growth and the challenges of doing business in Europe. Trump criticized the lengthy approval process in the EU, citing an example where he received approval for a project in Ireland in a week, while the same approval from the EU would take five or six years. He also complained about the EU’s treatment of the US, citing high taxes and tariffs on American products. Trump expressed frustration with the EU’s trade practices, stating that they do not take American farm products or cars and impose tariffs on goods the US wants to export. Despite his love for Europe, Trump described the process of doing business in the EU as cumbersome and unfair, especially in terms of taxes. This conversation sheds light on the ongoing trade tensions between the US and the EU, as Trump continues to push for fair trade policies that benefit American businesses. The President’s comments highlight the need for reforms to streamline the approval process and address trade barriers between the two economic powerhouses.
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