Trump's Shock Move: 50% Tariff on EU Goods Reignites Trade War

Trump Reignites Trade War, Threatening 50% EU Tariff Washington D.C. - In a surprise move, US President Donald Trump has announced a 50% tariff on all goods from the European Union entering the United States. This decision marks a significant escalation of trade tensions and comes after a temporary truce in the trade war with China. ABC News International's John Lyons reports that the move is likely a response to slow progress in trade negotiations with the EU and the realization of America's heavy reliance on Chinese goods. "President Trump has turned his tariff guns from China, now to the European Union," Lyons explains. The 50% tariff is intended to pressure the EU into concessions and potentially encourage companies like Apple to shift manufacturing back to the US. However, experts warn that such a move could significantly increase the cost of iPhones and other electronics for American consumers. President Trump himself stated, "I'm not looking for a deal. We've set the deal, it's at 50%. But again, there is no tariff if they build their plant here." The long-term effects of this decision remain to be seen, but it undoubtedly signals a new chapter in the ongoing global trade disputes. The impact on both US and EU economies will be significant, and the coming months will be crucial in determining the outcome of this latest trade confrontation.