WASHINGTON — President Trump threatened Friday to impose a 50% tariff on all European Union merchandise starting June 1, saying the block has been “very difficult to deal with.”
“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 Reality Social.
Trump imposed a 90-day pause on his Liberation Day tariffs on April 9, leaving the door open for international locations to barter with the US on a greater tariff fee, whereas nonetheless leaving a ten% fee on all international locations however China.
The president has solely negotiated a take care of the UK and a preliminary take care of China through the 90 days thus far, though negotiations are ongoing.
“Our discussions with them are going nowhere!” he mentioned of talks with the EU.
“Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.”
Trump indicated final week that point could possibly be operating out to strike offers with all international locations one-on-one, and his administration could possibly be rolling out package deal charges quickly.
