On May 23rd President Donald Trump threatened to impose a tariff of 50% on imports from the European Union, more than double the size of his earlier threat of 20%. “Our discussions with them are going nowhere,

US president Donald Trump has increased pressure on the European Union by threatening a plan to impose a 50% tariff on EU imports from June 1, as per his post on Truth Social. The move comes after increasing frustration in Washington with what the administration perceives as weak and unproductive trade proposals from Brussels,

European officials sought to portray a unified calm after US President Donald Trump threatened to impose a 50% tariff on the bloc’s imports, a potential escalation that sent stocks tumbling on both sides of the Atlantic on concerns a trade war will disrupt the world’s largest commercial and investment relationship.