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EU calls for 'respect' after Trump threatens 50% tariffs

  • On May 23, 2025, President Donald Trump announced plans to impose a 50% tariff on goods imported from the European Union starting June 1, 2025.
  • The tariff threat occurred amid stalled EU-US trade talks where the US demands unilateral concessions to reduce the roughly $226 billion goods trade deficit and address non-tariff barriers.
  • European leaders broadly supported the European Commission's call for negotiations based on mutual respect but prepared countermeasures targeting €95 billion worth of US goods if talks fail.
  • Following Trump’s announcement, major US stock indices lost over 2% for the week, Apple shares dropped 3%, and Trump threatened a 25% tariff on iPhones not made in the US.
  • This escalation underscores ongoing EU-US trade tensions that serve as pressure tactics in negotiations, though some experts doubt the 50% tariff will actually be implemented.
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El Diario Montañes broke the news in on Friday, May 23, 2025.
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