Tariff Tsunami: Trump Targets EU with 50% Import Tax Starting June 1

In a dramatic escalation of transatlantic trade tensions, the United States President Donald Trump has issued a recommendation for a blanket 50% tariff on all imports coming from the European Union on June 1, 2025. Trump has made the move after receiving criticism of months-long stagnated negotiations, stating that the EU has been engaging in unfair trade and regulatory practices to take advantage of the United States.

 

Announcement Details

Rationale Behind the Tariff

Scope and Exemptions

Possible Impact

Unfolding Situation

This is an unfolding situation, and additional updates should be forthcoming as U.S. and EU officials react to the news. 

 

Sources: CNBC, Bloomberg, Newsweek, The Telegraph, GB News, NBC Chicago