Trump Says 50% Tariff on EU Should Start June 1
President Donald Trump wrote on social media that he is recommending "a straight 50% tariff on the EU" starting June 1 because talks with the EU "are going nowhere!" He said, as he has before, that the EU "was formed for the primary purpose of taking advantage of the United States on TRADE."
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He named value-added taxes, non-monetary trade barriers, "unfair and unjustified lawsuits" against American companies and "ridiculous Corporate Penalties" as problems in the trade relationship.