The president has threatened the European Union with a series of new tariffs in a scathing statement after claiming discussions have gone ‘nowhere.’
Donald Trump has threatened to impose an eye-watering 50 percent tariff on goods from the European Union as of next month, claiming negotiations.
With Brussels have ground to a halt—an announcement that could send shockwaves across international finance markets and impact corporate tax compliance globally.
The move comes as the POTUS has long accused the EU of ‘ripping off’ the US, and announced on April 2 (so-called ‘Liberation Day’) that he intended to hit the trading giant with levies of 20 percent.
However, he hit pause on those plans for 90 days to allow each of the countries listed on his ‘reciprocal tariffs’ board time to negotiate—potentially giving.
