Live Trump announces 50pc tariffs on EU
US President Donald Trump has said he wants to impose a 50pc tariff on the European Union, starting from June 1.
In a post on his social media platform Truth Social, which has dramatically and immediately escalated a trade war between two of the world's largest economies, he said: '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.
'Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.
'Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Leader Live
24 minutes ago
- Leader Live
Protests intensify in Los Angeles after Trump deploys National Guard troops
They blocked off a major road and set self-driving cars on fire as law enforcement used tear gas, rubber bullets and flash bangs to control the crowd. Many protesters dispersed as evening fell and police declared an unlawful assembly, a precursor to officers moving in and making arrests of people who do not leave. Some of those remaining threw objects at police from behind a makeshift barrier that spanned the width of a street and others hurled chunks of concrete, rocks, electric scooters and fireworks at California Highway Patrol officers and their vehicles parked on the closed southbound 101 freeway. Officers ran under an overpass to take cover. Sunday's protests in Los Angeles, a sprawling city of four million people, were centred in downtown several blocks. It was the third and most intense day of demonstrations against Mr Trump's immigration crackdown in the region, as the arrival of around 300 Guard troops spurred anger and fear among many residents. The Guard was deployed specifically to protect federal buildings, including the detention centre where protesters concentrated. Los Angeles Police Chief Jim McDonnell said officers were 'overwhelmed' by the remaining protesters. He said they included regular agitators who appear at demonstrations to cause trouble. Several dozen people were arrested throughout the weekend of protest. One was detained on Sunday for throwing a Molotov cocktail at police, and another for ramming a motorcycle into a line of officers. Let's get this straight: 1) Local law enforcement didn't need help. 2) Trump sent troops anyway — to manufacture chaos and violence. 3) Trump succeeded. 4) Now things are destabilized and we need to send in more law enforcement just to clean up Trump's mess. — Gavin Newsom (@GavinNewsom) June 9, 2025 Mr Trump responded to Mr McDonnell on Truth Social, telling him to arrest protesters in face masks. 'Looking really bad in L.A. BRING IN THE TROOPS!!!' he wrote. Starting in the morning, the troops stood shoulder to shoulder, carrying long guns and riot shields as protesters shouted 'shame' and 'go home'. After some closely approached the guard members, another set of uniformed officers advanced on the group, shooting smoke-filled canisters into the street. Minutes later, the Los Angeles Police Department fired rounds of crowd-control munitions to disperse the protesters, who they said were assembled unlawfully. Much of the group then moved to block traffic on the 101 freeway until state patrol officers cleared them from the roadway by late afternoon. Nearby, at least four self-driving Waymo cars were set on fire, sending large plumes of black smoke into the sky and exploding intermittently as the electric vehicles burned. By evening, police had issued an unlawful assembly order shutting down several blocks of downtown Los Angeles. Flash bangs echoed out every few seconds into the evening. Democratic Governor Gavin Newsom requested that Mr Trump remove the guard members in a letter on Sunday afternoon, calling their deployment a 'serious breach of state sovereignty'. He was in Los Angeles meeting local law enforcement and officials. The deployment appeared to be the first time in decades that a state's national guard was activated without a request from its governor, a significant escalation against those who have sought to hinder the administration's mass deportation efforts. Mr Newsom and Los Angeles Mayor Karen Bass blamed the increasingly aggressive protests on Mr Trump's decision to deploy the Guard, calling it a move designed to inflame tensions. They have both urged protesters to remain peaceful. 'What we're seeing in Los Angeles is chaos that is provoked by the administration,' she said in an afternoon press conference. 'This is about another agenda, this isn't about public safety.' But Mr McDonnell, the LAPD chief, said the protests were following a similar pattern for episodes of civil unrest, with things ramping up in the second and third days. He pushed back against claims by the Trump administration that the LAPD had failed to help federal authorities when protests broke out on Friday after a series of immigration raids. His department responded as quickly as it could, and had not been notified in advance of the raids and therefore was not pre-positioned for protests, he said. Mr Newsom, meanwhile, has repeatedly said that California authorities had the situation under control. He mocked Mr Trump for posting a congratulatory message to the Guard on social media before troops had even arrived in Los Angeles, and said on MSNBC that Mr Trump never floated deploying the Guard during a Friday phone call. He called Mr Trump a 'stone cold liar'. The admonishments did not deter the administration. 'It's a bald-faced lie for Newsom to claim there was no problem in Los Angeles before President Trump got involved,' White House spokesperson Abigail Jackson said in a statement. The arrival of the National Guard followed two days of protests that began Friday in Los Angeles before spreading on Saturday to Paramount, a heavily Latino city south of the city, and neighbouring Compton. Federal agents arrested immigrants in LA's fashion district, in a Home Depot parking lot and at several other locations on Friday. The next day, they were staging at a Department of Homeland Security office near another Home Depot in Paramount, which drew out protesters who suspected another raid. Federal authorities later said there was no enforcement activity at that Home Depot. The weeklong tally of immigrant arrests in the LA area climbed above 100, federal authorities said. Many more were arrested while protesting, including a prominent union leader who was accused of impeding law enforcement. The protests did not reach the size of past demonstrations that brought the National Guard to Los Angeles, including the Watts and Rodney King riots, and the 2020 protests against police violence, in which Mr Newsom requested the assistance of federal troops. The last time the National Guard was activated without a governor's permission was in 1965, when President Lyndon B Johnson sent troops to protect a civil rights march in Alabama, according to the Brennan Centre for Justice. In a directive on Saturday, Mr Trump invoked a legal provision allowing him to deploy federal service members when there is 'a rebellion or danger of a rebellion against the authority of the Government of the United States'. He said he had authorised the deployment of 2,000 members of the National Guard. Mr Trump told reporters as he prepared to board Air Force One in Morristown, New Jersey, Sunday that there were 'violent people' in Los Angeles 'and they're not going to get away with it'. Asked if he planned to send US troops to Los Angeles, Mr Trump replied: 'We're going to have troops everywhere. We're not going to let this happen to our country.' He did not elaborate. About 500 marines stationed at Twentynine Palms, about 125 miles (200 kilometres) east of Los Angeles were in a 'prepared to deploy status' on Sunday afternoon, according to the US Northern Command.
Reuters
27 minutes ago
- Reuters
Citigroup drops July rate cut bets for US, trims forecast to 75 bps
June 9 (Reuters) - Citigroup has pushed back its U.S. rate cut forecast to September from July and now expects three cuts this year instead of four, after a stronger-than-expected May jobs report in an otherwise cooling labor market. The Wall Street brokerage anticipates 75 basis points (bps) of cuts this year in three equal tranches in September, October and December, revising its earlier forecast of 100 bps of cuts. The brokerage also forecast two rate cuts of 25 bps each in January and March of 2026. The Federal Reserve's last rate cut was in December 2024, when it reduced the key lending rate by 25 bps. U.S. non-farm payrolls increased by 139,000 jobs last month after a downwardly revised rise of 147,000 in April, data showed. Economists polled by Reuters had estimated May payrolls to rise by 130,000 jobs. The U.S. central bank is expected to keep interest rates unchanged at its meeting next week, while traders have priced in close to two 25-bps cuts by December. On Friday, Citi lifted its S&P 500 (.SPX), opens new tab year-end target to 6,300 from 5,800 earlier, expressing renewed optimism in corporate earnings resilience and the accelerating momentum of artificial intelligence-driven growth. The benchmark S&P 500 index closed above 6,000 for the first time since late February on Friday.
Metro
33 minutes ago
- Metro
Violence spirals out of control across LA after Trump says 'bring in the troops'
Los Angeles has been rocked by violent protests, with Donald Trump calling for soldiers to bring the city under control. Rioters blocked off a major road and set self-driving cars on fire as police used tear gas, rubber bullets and flash bangs to control the crowd. British photographer Nick Stern, 60, from Hertford, was among those shot: he had his thigh pierced by a rubber bullet while taking pictures on Saturday evening, and told Metro how he passed out from the pain and needed surgery. The unrest was sparked by sweeping immigration raids, part of the pledge by the president to arrest some 3,000 suspected illegal migrants every day. Thousands of protesters took to the streets in response to Trump's deployment of the National Guard, against the wishes of California's state governor. The situation calmed down somewhat by yesterday evening, with police declaring an unlawful assembly, which means they can arrest those who do not leave. Some of those remaining hurled objects at police from behind a makeshift barricade, and others threw chunks of concrete, rocks, electric scooters and fireworks at California Highway Patrol officers and their vehicles parked on the closed southbound 101 freeway. Officers ran under an overpass to take cover. The protests in LA, a sprawling city of four million people, were centred in downtown several blocks. The Guard was deployed specifically to protect federal buildings, including the detention centre where protesters concentrated. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Los Angeles Police Chief Jim McDonnell said officers were 'overwhelmed' by the remaining protesters. He said they included regular agitators who appear at demonstrations to cause trouble. Several dozen people were arrested throughout the weekend of protest. One was detained on Sunday for throwing a Molotov cocktail at police, and another for ramming a motorcycle into a line of officers. Mr Trump responded to Mr McDonnell on Truth Social, telling him to arrest protesters in face masks. 'Looking really bad in L.A. BRING IN THE TROOPS!!! he wrote. Starting in the morning, the troops stood shoulder to shoulder, carrying long guns and riot shields as protesters shouted 'shame' and 'go home'. After some closely approached the guard members, another set of uniformed officers advanced on the group, shooting smoke-filled canisters into the street. Minutes later, the Los Angeles Police Department fired rounds of crowd-control munitions to disperse the protesters, who they said were assembled unlawfully. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Much of the group then moved to block traffic on the 101 freeway until state patrol officers cleared them from the roadway by late afternoon. Nearby, at least four self-driving Waymo cars were set on fire, sending large plumes of black smoke into the sky and exploding intermittently as the electric vehicles burned. By evening, police had issued an unlawful assembly order shutting down several blocks of downtown Los Angeles. Flash bangs echoed out every few seconds into the evening. Democratic Governor Gavin Newsom requested that Mr Trump remove the guard members in a letter on Sunday afternoon, calling their deployment a 'serious breach of state sovereignty'. He was in Los Angeles meeting local law enforcement and officials. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Elon Musk has 'PTSD' after leaving White House, his dad says MORE: Why did Donald Trump and Elon Musk fall out? Feud explained MORE: The Dark MAGA conspiracy about Trump, Musk and a new world order
