Trump Proposes Sweeping Tariffs on EU Products Over $250B Trade Deficit
According to BlockBeats, former U.S. President Donald Trump announced on TruthSocial that he recommends imposing a 50% tariff on all European Union products, effective June 1, 2025. The proposal is positioned as a response to what Trump described as “unfair trade practices” by the EU.
Trump criticized the EU’s use of value-added tax (VAT) systems and trade barriers, which he claims have led to a $250 billion annual trade deficit for the United States.
Trump’s Statement and Proposed Tariff Details
Trump went on to recommend a 50% tariff on all EU goods, starting June 1, 2025, with the intention of “restoring fairness” to U.S.-EU trade relations.
As of now, no tariffs would be applied to non-EU goods, according to Trump’s statement, although the final policy details remain unspecified.