Trump threatens EU with 50% tariff in new trade dispute.
• Trump warns of imposing a 50% tariff on EU imports, accusing the 27-member bloc of stalling trade talks.
• He recommends a “straight 50% tariff on the European Union, starting on June 1, 2025”.
• The new duties would significantly increase the current U.S. baseline 10% levy against EU goods, escalating economic tensions.
• Trump has previously imposed sweeping tariffs against most countries and announced a 90-day pause on levies for most countries.
• The talks between the U.S. and the EU have not been smooth, with the EU threatening to hit U.S. goods worth nearly 100 billion euros ($113 billion) with tariffs if negotiations fail to lower European goods levies.