Might 23, 2025 (MLN): U.S. President Donald Trump has threatened to impose a 50% tariff on items imported from the European Union beginning June 1, 2025, citing stalled negotiations and what he described as longstanding commerce imbalances.

In a Reality Social publish on Friday, Trump asserted, “The European Union, which was shaped for the first objective of making the most of the USA on TRADE, has been very troublesome to cope with.”

He criticized the EU’s “highly effective Commerce Boundaries, Vat Taxes, ridiculous Company Penalties, Non-Financial Commerce Boundaries, Financial Manipulations, unfair and unjustified lawsuits in opposition to Individuals Corporations.”

The announcement got here lower than half-hour after Trump additionally threatened to impose a tariff of at the very least 25% on Apple if the corporate doesn’t start manufacturing iPhones in the USA.

Citing a commerce deficit of greater than $250 billion yearly with the EU, Trump acknowledged, “Our discussions with them are going nowhere! Subsequently, I’m recommending a straight 50% Tariff on the European Union, beginning on June 1, 2025.”

He added that the tariff wouldn’t apply to merchandise constructed or manufactured in the USA.

The threats had a right away market affect, with inventory futures dropping following the posts, underscoring renewed commerce tensions underneath Trump's proposed financial stance.

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Posted on: 2025-05-23T17:38:37+05:00

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