Trump Says 50 Percent Tariff Will Be Imposed on European Union on June 1

The president said European countries have been taking advantage of the United States.

U.S. President Donald Trump said on May 23 that the United States will impose a 50 percent tariff on the European Union soon.

โ€œThe 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,โ€ Trump wrote on his social media platform, Truth Social.

He added later that โ€œour discussions with them are going nowhereโ€ and that a 50 percent tariff is planned to begin on June 1.

The tariff will not apply to products built or manufactured in the United States, according to Trump.

The EU consists of 27 countries, including Austria, France, and Germany.

โ€œThe European Union and the United States are negotiating. Some negotiate behind closed doors, others more in front of cameras,โ€ Polish Trade Minister Michal Baranowski told reporters on Friday after Trumpโ€™s social media post.

โ€œThe fact that we see some important statements in the public domain does not mean that they will translate into actions of the U.S. administration.โ€

Trump said in January he was going to impose tariffs on the union because โ€œif you think about it, other countries charge us tariffs, we donโ€™t charge them tariffs, and itโ€™s about time that that changes.โ€

The president said one of the issues was the value-added tax, known as VAT, that is charged for U.S. goods sold to European countries.

America later imposed a 20 percent tariff on EU goods, as well as a higher tariff on steel and aluminum products.

Trump paused the 20 percent tariff, along with tariffs against many other countries, in April for 90 days while negotiations advanced. The bloc then paused countermeasures it planned against the United States โ€œto give negotiations a chance.โ€

EU officials have repeatedly said they oppose tariffs, arguing they are economically counterproductive.

The pause will have only been in effect for 53 days if it is withdrawn on June 1.

EU trade chief Maros Sefcovic recently told the European Parliament that the union prefers reaching a deal.

Byย Zachary Stieber

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

What These ICE Riots are REALLY All About

โ€œWhy have Democrats seemingly lost their minds, throwing their allegiance behind criminal illegal aliens over naturalized American citizens?โ€

The Man Rumored to be Behind the LA ICE Riots

A news story broke yesterday which seemingly answered the question on many Americanโ€™s minds. โ€œWho is behind these ICE riots going on in Los Angeles?โ€

Legacy Media Meltdown as RFK Jr. Nukes ENTIRE CDC Vaccine Committee

If one admin can appoint every single CDC Vaccine Committee member, what is the scandal when the next admin fires and replaces them all?

Dawn Approaches

Newsom would rather sue the Trump Administration than lift a finger to stop LA from becoming the fifth circle of Hell.

Saturday June 14th Flag Day and Our First Military Parade!

The White House is inviting everyone to our first military parade in history on June 14th which is also both Flag Day and President Donald Trumpโ€™s 79th birthday.

Democratic Sen. Alex Padilla Interrupts Noemโ€™s Press Conference, Forcibly Removed

U.S. Sen. Alex Padilla interrupted a press conference by DHS Sec. Kristi Noem on June 12, in Los Angeles, prompting him to be forcibly removed.

Texas Governor Deploys 5,000 National Guard Ahead of Planned Protests on Saturday

Gov. Greg Abbott โ€œsurgedโ€ thousands of National Guard soldiers and state troopers to keep the peace prior to planned demonstrations opposing ICE.

LA FBI Arrests Man for Supplying โ€˜Suspected Riotersโ€™ With Face Shields

FBI arrested a man accused of โ€œConspiracy to Commit Civil Disorders ... for distributing face shields to suspected rioters,โ€ according to U.S. Attorney for Central District of CA.

US Supreme Court Unanimously Rules to Revive Lawsuit From Atlanta Family Wrongly Targeted by the FBI

U.S. Supreme Court revived a lawsuit filed by an Atlanta family whose home was wrongly raided by the FBI, meaning they will get another chance in court.

Meet the New Members of the CDCโ€™s Vaccine Advisory Committee

The new members of the CDCโ€™s Vaccine Advisory Committee appointed by RFK, Jr. includes an inventor, a Catholic nurse, and a former committee member.

Trump Hints at an Executive Order to Address Illegal Immigrant Farmworkers

President Trump says he'll issue an order to address illegal farm and hotel workers as protests against immigration enforcement efforts spread nationwide.

Senate Confirms Billy Long to Head IRS

The U.S. Senate has confirmed that William โ€œBillyโ€ Long, a former Missouri congressman, will serve as IRS commissioner.

Trump Says He Wonโ€™t Fire Powell, But โ€˜May Have to Force Somethingโ€™ on Rates

President Trump demanded U.S. central bank chief lower interest rates as reducing rates by two percentage points would save the US $600 billion annually.
spot_img

Related Articles