Trump’s threat to impose 50% tariffs on imports from the E.U. is just the latest attack. It comes amid a broader souring in relations and after months of economic sparring.
The European Union has pushed back against Donald Trump’s latest suggestion that he will impose a 50% import tariff on all E.U. goods, warning that transatlantic trade must be built on “respect, not threats.”
The rebuke came after Trump said in a Friday post on his Truth Social platform that trade negotiations with Brussels were “going nowhere” and suggested he would slap a 50% blanket duty on all European goods entering the U.S. starting June 1.
It was just the latest bellicose remark from Trump and came amid a broader souring in relations between the two global powers that has seen months of distrust and economic sparring.
Yep, force businesses to pay taxes based on the countries where they make the revenue Don’t want to do that? Can’t access the market.