Trump's Tariff Threat: 50% on EU Goods, No Deal Sought

Trump Threatens 50% Tariffs on EU Goods: 'No Deal Sought' Washington, D.C. - In a surprise announcement, former President Donald Trump declared his intention to impose a 50% tariff on European Union goods, starting June 1st. This move, announced via a video posted on social media, escalates the already tense trade relationship between the US and the EU. Trump's statement, filled with strong rhetoric, indicates he is not interested in negotiations. "The EU has taken advantage of the United States," Trump asserted. "They've treated us very badly over the years." He further highlighted the restrictions on US car sales in the EU as evidence of this unfair treatment. The announcement has sent shockwaves through financial markets, raising concerns about potential trade wars and economic repercussions. While Trump did not detail specific goods targeted by the tariffs, his statement leaves little room for doubt regarding his intentions. The EU has yet to respond officially, but the announcement is expected to generate significant political and economic fallout in the coming days and weeks.