Foresight News reports that Trump stated on Truth Social, "The main purpose of the establishment of the EU is to take advantage of the United States in trade; it has always been difficult to deal with. They have set up strong trade barriers, imposed value-added taxes, ridiculous corporate fines, non-monetary trade barriers, currency manipulation, and unfair and unreasonable lawsuits against American companies, resulting in an annual trade deficit with the EU of over $250 million, a number that is completely unacceptable. Our negotiations with the EU have made no progress! Therefore, I propose to impose a 50% tariff on EU products starting June 1, 2025. If the products are made or produced in the United States, no tariff will be charged. Thank you for your attention to this matter!"