Trump, European Union and tariffs
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Calling the European Union "very difficult to deal with," President Donald Trump said Friday the United States would move to enact a 50% tariff on the EU.
21hon MSN
President Donald Trump levied a higher "reciprocal" tariff rate of 20% on the European Union in April, but paused the higher rates for 90 days.
European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.