Trump warns of 50% tariff on EU imports from next month

Donald Trump warned of plans to impose a 50 percent tariff on imports from the European Union next month, adding that the talks with the bloc “do not go anywhere” because it increases his threat to the global trade trade.

This step from the trade war with the European Union is barely escalating two weeks after the United States agreed with China to reduce the customs tariff in the global investor agreement.

In a post on the social truth platform on Friday, Trump attacked the bloc because of “commercial barriers, value -added tax taxes, ridiculous companies’ sanctions, non -cash commercial barriers, and cash manipulation, [and] Unjustified and unjustified lawsuits against American companies. “

He added: “Our discussions with them do not go anywhere! Therefore, I recommend a 50 % straight tariff for the European Union, starting from June 1, 2025.”

Such a level will be more than twice the rate of tariffs announced by the US president of the European Union on the “liberation day”, which was self -designed on April 2.

Capital Economics, a consulting company, said that if it is implemented, the US tariff by 50 percent on European Union imports can reduce 1.7 percent of German GDP over three years and the lower Ireland by 4 percent.

However, some analysts depicted the tariff that is primarily negotiations to pressure the European Union.

“We expected that such a tariff will not be imposed, because President will indicate” the progress “by the deadline on June 1, Andrew Bishop wrote for consulting consulting global advisers in a memorandum of customers.

The stock markets decreased after the Trump publication, as the S&P 500 fell 0.7 percent in the late trading in the morning in Wall Street after declining from sharp declines in the open. The Stoxx EUROPE 600 decreased by 0.9 percent.

The stock markets had recovered from the defeat that followed “Tahrir’s Day”, with the help of moves such as Trump’s climbing in China, but it was unstable from the last commercial sulfo.

Andrew Biz, chief investment expert in Russell Investments, said that the president’s move “puts in the opinion that the markets will help in Trump.”

The American commercial actor, Jameson Jarir, is scheduled to speak to the European Union Trade Commissioner Marus, šefčovič later on Friday.

The United States imposed a “mutual” rate of 20 percent on most of the European Union commodities in April, but to half until July 8 to allow time for talks. She kept 25 percent levels of spare parts, aluminum and cars, and they promised similar works on medicines, semiconductors and other commodities.

You should choose the mass now whether the anti -counter models will be revenge or to join our demands to make concessions.

Member States have agreed to a package of 21 billion euros by up to 50 percent on elements such as corn, wheat, motorcycles and clothes – measures that are not exaggerated at the present time until July 14 but can be spread quickly.

The European Commission still indicates a list of more than 95 billion euros of potential measures, which include Boeing aircraft, cars and borbon whiskey.

Since European markets were subjected to Trump’s recent threat, exporters and stocks associated with economics, such as banks in particular, were affected.

Stelantis car maker fell 4.6 percent, while Deutsche Bank threw 4.5 percent.

Traders have moved to interest rate cuts faster than the European Central Bank to support the economy, which is hit by the customs tariff.

The chance of reducing the third quarter rate by the end of this year increased to more than 30 percent compared to about 15 percent earlier on Friday, according to the levels involved in the bachelors markets.

“This is a reminder that the lack of commercial uncertainty in no way has ended,” said Kasper ElMGREEN, chief fixed investment official at Nordea Asset Management. “Every day we have no deal, we are risking serious economic damage.”

US officials were frustrated by the failure of the European Union to make the type of concessions that other countries, with Huard Lottenic, the US Secretary of Commerce, said on Thursday that Brussels was “impossible” to negotiate with it.

Washington wants to reduce the import barriers to reduce the volume of the United States’ trade deficit in the goods using the mass, which reached a total of $ 192 billion in 2024.

The Trump administration is the food standards and products in the European Union and you want to decrease the mass by one side. The European Union has suggested that both sides are scrap on all industrial products and some agricultural products.

Brussels also offered help in treating Chinese excessive ability in sectors such as steel and cars, and discussing the restrictions imposed on technology export to Beijing.

However, it refused to discuss the cancellation of national digital taxes, value -added tax, or major American demands, or weakening the European Union for US technology companies.

The European Commission said it would not be suspended before the invitation between Jarir and šefčovič.

Trump’s publication contrasts on Friday with his administration’s movements to defuse commercial tensions with Beijing this month. The United States recently concluded a trade deal with the United Kingdom.

But negotiations with other countries have continued slowly, and Trump officials recently indicated that they will take a tougher approach again, warning that countries that have not negotiated in “goodwill” will again face the utmost definitions.

Participated in additional reports by Emily Herbert and Peter Foster