Donald Trump once again threatens Europe with 50% tariffs starting in June.
BREAKING: President Trump threatens the E.U. with a sweeping 50% tariff, saying that trade talks with the region are "going nowhere."
In his view, trade negotiations with European countries are going nowhere, and he once again accuses the European Union of having been created primarily to take commercial advantage of the United States.
Trump spoke out on the subject in a tirade published on Truth Social, letting his frustration shine through: “Our discussions with them are going nowhere!”.
On Truth Social, Trump asserts that the European Union imposes, in his opinion, excessive trade barriers, value-added taxes, sanctions targeting American companies as well as various currency manipulations.
In his view, these practices have contributed to a trade deficit with the United States of over $250 billion a year, a level he deems unacceptable.
Since Donald Trump unleashed the global trade war on his arrival in the White House, the European Union seems so far to be successfully standing up to him. This apparent resistance seems to be stoking the president’s anger.
Trump concludes his fiery statement by calling for a 50% tariff on imports from the European Union from June 1. He stressed, however, that this measure would not apply to products manufactured or assembled on American soil.