Trump Threatens fifty Percent Tariff On European Union From June 1st

Trump Threatens fifty Percent Tariff On European Union From June 1st

President Donald Trump has proposed a fifty percent tariff on European Union goods, starting June first, two thousand and twenty-five, citing stalled trade negotiations.

The announcement caused a sharp drop in Wall Street stock futures. If implemented, the tariff would significantly increase the current ten percent duty on European imports and escalate tensions between the United States and its largest trading partner.

Last month, Trump introduced broad tariffs affecting multiple sectors, including automobiles, steel, and aluminum, followed by a ninety-day pause for negotiations. Talks with the European Union remain strained, with Brussels threatening to impose tariffs on nearly one hundred billion euros around one hundred and thirteen billion United States dollars worth of American goods if levies on European exports are not reduced.