Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’
by Phillip Inman in London and Dominic Rushe in New Y from Economics | The Guardian on (#6XG4G)
President says EU imports to US will be subject to levy from 1 June as markets slump in reaction to major escalation'
Donald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after claiming trade talks between the two trading blocs were going nowhere".
In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had stalled.
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