- Trump Threatens 50% Tariff on EU Imports as Trade Talks Collapse
- Trump Threatens 50% EU Tariff as Trade Talks Collapse(The Guardian)
In a significant escalation of transatlantic trade tensions, President Donald Trump has announced plans to impose a 50% tariff on all European Union (EU) imports starting June 1, 2025. This move follows stalled negotiations between Washington and Brussels, with Trump expressing frustration over the lack of progress.
Trump’s decision has drawn sharp criticism from EU leaders. EU Trade Commissioner Maroš Šefčovič emphasized the need for mutual respect in trade relations, stating, “EU-US trade must be guided by mutual respect, not threats.” He affirmed the EU’s readiness to defend its interests if necessary. (BBC, Al Jazeera)
The proposed tariffs have raised concerns among economists and industry experts. Analysts warn that such measures could disrupt global supply chains, increase consumer prices, and strain diplomatic relations. The EU is a significant trading partner for the US, and heightened tariffs could have widespread economic implications. (MarketWatch)
As the deadline approaches, both sides face mounting pressure to find a resolution. The international community watches closely, hoping for a de-escalation of tensions and a return to constructive dialogue.
