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Trump threatens 50% tariff on EU from June 1

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President Donald Trump says the European Union had been formed primarily to take ‘advantage of the United States in TRADE’.

WASHINGTON: US president Donald Trump on Friday threatened to impose a 50% tariff on imports from the European Union, accusing the 27-member trading bloc of stalling trade talks.

Lamenting that negotiations with the EU “are going nowhere,” Trump said on Truth Social he is recommending “a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Stock futures on Wall Street fell on the news.

Tags:10% levyaccused the 27-member trading blocdramatically hike current US baselinegoods coming from the EUJune 1 2025ratchet up economic tensionsstalling trade talksstock futures fellTrump threatened a 50% tariff on EU importsWall Street


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