Trump Announces 50% Tariffs on EU Goods Starting June 2025
Escalating Trade Tensions Between the US and EU
Trump Threatens 50% Tariffs On All EU Goods: Trade tensions between the United States and the European Union (EU) are intensifying. President Donald Trump has made a significant announcement, declaring that a 50% tariff will be imposed on products imported from the EU starting June 1, 2025. This declaration was made on his social media platform, where he expressed frustration over the lack of progress in negotiations with the EU, accusing Europe of unfair trade practices against the US.
Trump's Statements
What Did Trump Say?
President Trump stated, “The European Union, originally established to deceive the US in trade, has become intolerable. Their significant trade barriers, VAT taxes, corporate penalties, and baseless lawsuits against American companies have resulted in over $250 billion in losses for the US annually. This is no longer acceptable.” He further added, “Our discussions with the EU are going nowhere. Therefore, I have decided to implement a 50% tariff starting June 1. However, if any European company manufactures in the US, they will not be subject to this tariff.”
EU's Response
Response from the European Union
In reaction to Trump's sharp announcement, EU Trade Commissioner Maros Sefcovic stated that the EU still seeks an agreement that benefits both parties. He emphasized that the foundation of trade relations between the US and the EU should be mutual respect, rather than threats and pressure.
Previous Tensions
Previous Confrontations
Earlier in April, Trump had announced a minimum 10% tariff on most goods entering the US, with a 20% tariff on items from the EU. However, these tariffs were suspended for 90 days to allow for negotiations aimed at a new trade agreement. It now appears that discussions with the EU have stalled, as Trump has clearly stated his intention to impose a 50% tariff. He has previously accused the EU of not treating the US fairly, claiming that the EU restricts the sale of American cars.