Trump recommends 50% tariff on the European Union, starting June 1

Money

May 23, 2025

Trump recommends 50% tariff on European Union, starting June 1

Trump recommends 50% tariff on the European Union, starting June 1 (Courtesy: Online)

President Donald Trump said on Friday that he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade.

"The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump said on Truth Social. "Our discussions with them are going nowhere!"

0 / 2000 characters

Comments

No comments yet.

Trump recommends 50% tariff on European Union, starting June 1

Comments

Related Stories

Pakistan enters key stage in digital assets sector: Aurangzeb

Japan grants 2.091bn yen to Pakistan for child health

US-Iran tensions: Gold price hits record Rs481,862 per tola

Most Read