#TrumpTariffs On May 23, 2025, President Donald Trump announced significant tariff measures, escalating trade tensions with the European Union (EU) and targeting major technology companies.

President Trump declared a 50% tariff on all goods imported from the EU, effective June 1.

He cited stalled trade negotiations and what he perceives as unfair trade practices by the EU, including non-tariff barriers and currency manipulation. Trump indicated that companies investing in the U.S. manufacturing might receive exemptions or delays in tariff implementation .

The EU responded by expressing its commitment to fair trade and signaled readiness to impose retaliatory tariffs on over $108 billion worth of U.S. goods if an agreement isn't reached before the July 9 negotiation deadline .