On Friday, President Donald Trump threatened the European Union with a comprehensive tariff by 50 %, as it published that commercial talks with the region “do not go anywhere.”
In a post to the social truth platform, Trump wrote that “he recommends a 50 % direct tariff for the European Union, starting from June 1, 2025.”
Trump’s publication immediately sent low European stock markets with 2 % decrease in stock indicators in Germany and France. The shares in the United Kingdom decreased by more than 1 %. Dow Futures slides more than 500 points and the S&P Futures decreased 1 %.
The bloc is 27 countries is the second largest commercial partner in the United States behind China. The United States has exported more than $ 350 billion of goods that have been exported to the European Union in recent years, and imported goods of $ 550 billion.
Maros šefčovič, head of trade at the European Commission, and American Trade Representative Jamieson Greer Be appointed To speak on Friday. The European Commission did not immediately respond to a request for comment.
