Trump's 50% Tariff Shock: A New Trade War with the EU?

Trump's Tariff Threat: A 50% Blow to the EU Washington D.C. - In a surprise move, former President Donald Trump announced a 50% tariff on all European Union goods, effective June 1, 2025. This dramatic escalation of trade tensions follows months of friction between the US and the EU over trade imbalances. Trump, in a post on Truth Social, stated, "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with." The announcement includes a direct tariff on goods not manufactured in the United States. The EU has previously imposed its own tariffs on US steel and aluminum, setting the stage for this latest development. Economists predict significant market disruptions as a result of Trump's actions. The White House has yet to issue an official response.