In a dramatic twist for transatlantic trade, U.S. President Donald Trump has threatened a steep 50% tariff on EU goods starting June 1, 2025. The bold move, announced on his social platform Truth Social, has ignited widespread criticism among EU officials and allies.
Trump accused the EU of "taking advantage of the United States" on trade, prompting European Commissioner for Trade and Economic Security Maros Sefcovic to stress that trade relations must be built on mutual respect, not coercion. EU representatives have made it clear: if Trump seeks genuine cooperation, open doors will always be there — but ultimatums won’t sway them.
Figures like Bernd Lange and Irish Taoiseach Micheal Martin voiced their discontent, with Lange noting that EU legislators are set to visit Washington to clear up misconceptions about EU trade policies. Leaders from France and Germany also condemned the threat, warning that high tariffs could damage global markets and one of the world's most dynamic trading relationships.
With trade talks already stalled, both sides remain firm on their stances. As the debate intensifies, experts remind us that "tariff conflicts know no winners" — a lesson that resonates across borders and economies. 💥🌍
Stay tuned as this high-stakes trade tug-of-war unfolds!
Reference(s):
cgtn.com
