Donald Trump stated that the European Union must pay a high price for not purchasing enough American exports if he wins the upcoming election. Trump criticized the EU's trade practices, claiming they do not buy U.S. cars or farm products while selling millions of cars in the U.S. He proposed the Trump Reciprocal Trade Act, which includes a 10% tariff on imports from all nations and a 60% tariff on imports from China, potentially disrupting global supply chains and increasing costs.