Trump threatens 'straight 50% tariff' on EU
Share this @internewscast.com

(The Hill) – President Trump announced plans to implement a 50 percent tariff on the European Union (EU) beginning next month, claiming that the 27-member bloc has been difficult to negotiate with and that discussions have stalled.

“The European Union, which was created with the primary goal of taking advantage of the United States through TRADE, has been extremely challenging to deal with. Their strong trade barriers, VAT taxes, unreasonable corporate penalties, non-monetary trade obstacles, currency manipulations, unfair and unjustified legal actions against American companies, and more have resulted in a trade deficit with the U.S. exceeding $250,000,000 annually, a figure that is entirely unacceptable,” Trump stated in a Friday morning post on Truth Social.

The president further stated that discussions with the EU are “going nowhere,” and for this reason, he is advocating a “straight 50 percent tariff on the European Union, commencing on June 1, 2025. No tariff will be applied if the product is produced or manufactured within the United States.”

The potential hike of import taxes on Europe would escalate tensions with the EU. Trump rolled out his “Liberation Day” tariffs in April, which included a 20 percent duty on European goods. The bloc swiftly responded with its own countermeasures. 

Since then, Trump has halted most of the reciprocal tariffs to allow for negotiations to take place, but a 10 percent duty was left in place. He’s also suggested in recent days that once the pause is over, the administration would announce new rates.

In early May, the EU’s executive arm, the European Commission, rolled out a plan to respond to Trump by slapping tariffs on more than $100 billion worth of U.S. goods if the negotiations with Washington do not yield a desirable outcome. The list included cars, alcohol, industrial products and Boeing planes. 

The commission said it would debate the measures through June 10 with its members. 

Share this @internewscast.com
You May Also Like

Affidavit Unveils New Insights into Bristol Double Homicide

A newly obtained set of court documents has shed light on a…

Revitalized Albert Park Reopens in Orlando’s College Park with Exciting Upgrades

In a joyful celebration, a beloved park in the College Park neighborhood…

Pope Leo XIV’s Debut Full-Length Book in the U.S., ‘Peace Be with You,’ Set for February Release

This book cover image released by HarperOne shows “Peace Be With You:…

Mass Flight Cancellations by Major Indian Airline Cause Turmoil at Airports

NEW DELHI – Major Indian airports descended into chaos on Friday as…

Parent Issued Citation for Carrying Holstered Firearm on Fairmont Elementary Grounds

In an unexpected incident at Fairmont Elementary School in Johnson City, Tennessee,…

Johnson City Greenlights Promenade Development: What This Means for Local Growth and Economy

In a decisive move, the Johnson City commissioners have given unanimous approval…

Crayola Recalls Popular Product Nationwide Due to Child Safety Concerns

In a recent product recall, consumers have been alerted to potential risks…

SeaWorld Orlando Faces Legal Challenge After Unexpected Bird Strike on Roller Coaster

ORANGE COUNTY, Fla. – SeaWorld Orlando is seeking to have a lawsuit…

Russell County Drug Bust: 23 Individuals Indicted in Major Crackdown, Sheriff Reports

In Russell County, Virginia, law enforcement authorities, including Sheriff William J. Watson…

US Health Department Launches New Initiative to Boost AI Technology Integration

NEW YORK – In a move to harness the burgeoning power of…

Elderly Motorist, 86, Involved in Fatal Pedestrian Accident in Brevard County, Authorities Report

BREVARD COUNTY, Fla. – Tragedy struck on Thursday evening when an 86-year-old…

Disney World Employee Allegedly Misappropriates Guest Checks, Accused of Stealing Hundreds

ORANGE COUNTY, Fla. – A Walt Disney World employee has been apprehended…