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U.S. President Trump recommends imposing a 50% tariff on the European Union starting June 1, 2025!
📌 Reason:
Trump believes that trade negotiations with the European Union "are not progressing," pointing out that the EU "exploits the United States commercially" with a trade deficit of $250 billion annually.
📅 Date:
The proposed tariffs will begin on June 1, 2025, with an exemption for products manufactured in the United States.
📈 Impact:
European markets have declined (STOXX 600 fell by 1.8%), with expectations of a strong reaction from the EU.
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