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

Contact Your Elected Officials

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The pause will have only been in effect for 53 days if it is withdrawn on June 1.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

MyPillowโ€™s CEO Mike Lindell Wins 2 Court Cases

A federal court tossed the $5M ruling against Mike Lindell, saying arbitrators rewrote the rules of his 2021 Cyber Symposium challenge.

Whatโ€™s The Most Realistic Scenario In Which The West Might Replace Zelensky?

Yermak and Budanov agreed with the Anglo-American Axisโ€™ proposal to replace Zelensky with Zaluzhny and โ€œresetโ€ Ukraineโ€™s ties with the West.

Earned vs. Owed

Not since the Donner Party has a group of people so badly misinterpreted the circumstances of their situation like the players of the WNBA.

Just How American are Americaโ€™s Elite Schools?

Their exteriors may be ivy clad, but that faรงade on Americaโ€™s elite universities cloaks secrecy, power politics and globalist attitudes as well.

Multiple Democrats Playing Defense

There is a news situation going on that is...

Vaccination Rates Drop Among Kindergartners as Exemptions Increase: CDC

Rates of vaccination among kindergartners ticked down in the 2024โ€“2025 school year, the CDC said as the number of exemptions rose.

Boeing Featured in Nearly All US Trade Dealsโ€”Hereโ€™s Why

The skies are clearing for Boeing these days as it emerges as the clear winner of trade deals during the tariff negotiations between the US and its trading partners,

72 Arrested, 29 Human Trafficking Victims Rescued Across Mississippi: Officials

Mississippiโ€™s AG announced that it carried out a statewide operation in July that resulted in 72 arrests and the rescue of 29 human trafficking victims.

NASA, SpaceX Launch Crew-11 to Space Station

SpaceXโ€™s Falcon 9 rocket took off on Aug. 1, as the 11th act of the NASA commercial crew program set off for the International Space Station.

Trump Orders Firing of Labor Statistics Chief After July Jobs Report

President Donald Trump announced on Aug. 1 that he has directed the termination of the commissioner of the Bureau of Labor Statistics (BLS).

Trump Issues 60-Day Deadline for Drug Makers to Lower Prices

Trump told CEOs of worldโ€™s leading pharmaceutical companies that he expects them to implement Most Favored Nation drug pricing within 60 days.

Trump Hikes Tariffs on Canada to 35 Percent

Trump followed through on his threat to raise tariffs on Canada from 25% to 35% saying country โ€œfailedโ€ to stop flow of fentanyl and other drugs into US.

Bessent Says Trump Accounts for Kids Are Backdoor โ€˜For Privatizing Social Securityโ€™

Treasury Sec Scott Bessent said Trump Accounts are โ€œa back door for privatizing Social Security,โ€ but the admin is committed to protecting Social Security.
spot_img

Related Articles