U.S. President Donald Trump said May 23 that the United States will impose a 50 percent tariff on the European Union soon.
“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 wrote on his social media platform, Truth Social.
He added later that “our discussions with them are going nowhere” and a 50 percent tariff is planned to begin on June 1.
The tariff will not apply to products built or manufactured in the United States, according to Trump.
This is a developing story that will be updated. …