Trump Threatens EU Tariffs, Launches Section 301 Probe

• President Trump said the European Union has been directly targeting U.S. companies and vowed his administration will not tolerate it.

• Trump announced the U.S. will immediately launch a Section 301 investigation into what he described as EU actions that "plunder" American firms and harm U.S. taxpayers.

• He said EU penalties on U.S. companies will be fully reversed and warned the U.S. expects to impose large tariffs on the European Union at the earliest opportunity.