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

5Mind. The Meme Platform

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.

“The 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,” Trump wrote on his social media platform, Truth Social.

He added later that “our discussions with them are going nowhere” 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.

“The European Union and the United States are negotiating. Some negotiate behind closed doors, others more in front of cameras,” Polish Trade Minister Michal Baranowski told reporters on Friday after Trump’s social media post.

“The 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.”

Trump said in January he was going to impose tariffs on the union because “if you think about it, other countries charge us tariffs, we don’t charge them tariffs, and it’s about time that that changes.”

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 “to give negotiations a chance.”

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The pause will have only been in effect for 53 days if it is withdrawn on June 1.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

By Zachary Stieber

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
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.

The SCOTUS Trump Tariff Test

There is an old expression that goes "If you're...

SCOTUS Strikes Down Tariffs, Judgment Fund, Citizens Will Pay

Trump tariffs ruled illegal; taxpayers pay twice—higher prices in stores, then again through Judgment Fund payouts for mismanagement.

The Poisoning of the Mind: How Public Education Stopped Educating

The most disturbing part of our failing educational system is how few care. Failing to educate children is failing the present and abandoning the future.

MSM’s “Debunked” Big Lie of the 2020 Election

Today, it seems, the news media is being controlled by dark forces whether its the “The Deep State”, the "Intelligence Community" or "Globalist Elites".

“Despite” the Truth

Despite signals media skepticism—like “bless his heart”—subtly masking criticism of Trump’s policies and their real-world impact.

Student ICE Protests Lead to Lockdowns, Debate Over Discipline in Pennsylvania Schools

A pair of Pennsylvania school districts are the latest to grapple with after effects from student walkouts to protest ICE.

MAHA Proponents React to Trump’s Executive Order on Glyphosate

Invoking the Defense Production Act, Trump signed an EO propelling the domestic production of elemental phosphorus and glyphosate-based herbicides.

Alysa Liu Wins Olympic Figure Skating Gold, First for US Women in 24 Years

American figure skater Alysa Liu emerged victorious in the Olympics, winning the US’ first Olympic gold medal in women’s figure skating since 2002.

Judge Temporarily Blocks Referendum to Redraw Virginia’s Congressional Map

A Virginia judge halted a Democrat-backed referendum to redraw congressional districts, issuing an emergency restraining order pausing the effort.

USTR Will Launch New Trade Probes Covering Major Trading Partners, Greer Says

U.S. Trade Rep Jamieson Greer will launch Section 301 probes targeting major trading partners, signaling broader trade enforcement.

Trump Signs Order to Impose 10 Percent Global Tariffs After Supreme Court Ruling

Trump signed an order to impose a 10% global tariff in response to the Supreme Court striking down sweeping levies issued under an emergency powers law.

Trump Signs Order Declaring Glyphosate Production as Critical to National Security

Trump signed an executive order declaring the U.S. glyphosate supply, a controversial herbicide, critical to national and food security key efforts.
spot_img

Related Articles

Popular Categories

MAGA Business Central