
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


Daily Mail
26 minutes ago
- Daily Mail
EPHRAIM HARDCASTLE: What Frederick Forsyth really thought about Eddie Redmayne's Day Of The Jackal
The shadow of the absent Harry and Meghan looms over Saturday's Trooping the Colour with the Sussexes' latest bid to steal the limelight from the King with an appearance at Los Angeles Natural History Museum where Meghan will be honoured as a 'native Angeleno'. This follows last week's Disney World photo shoot of their children neatly upstaging William's maritime initiative with David Attenborough. Charles's Canadian trip also coincided with Harry's appearance in China, Meghan's lifestyle brand was announced as William was speaking at the Diana Legacy Awards and in April the King's state visit to Italy had Meghan launching her new podcast and Harry's surprise Court of Appeal visit. Fingers crossed there'll be no twerking in Los Angeles. President Emmanuel Macron 's expected address to MPs and peers at Westminster next month provides a potential headache for Sir Keir Starmer in advance of Donald Trump 's state trip later this year. The US President was denied this honour on his first state visit after Speaker Bercow refused to let him in. So with many parliamentarians pressing to keep Trump out again how might the Government avoid a second snub? With September as the likely date, might he be asked to visit in the second half of the month when parliament is in recess? Frederick Forsyth wasn't impressed with Eddie Redmayne in the Sky remake of The Day Of The Jackal, but placated with a consulting-producer credit. 'And I got the royalties,' he told a chum rubbing a thumb against his fingers, making the universal sign of filthy lucre. Sir David Attenborough is unlikely to be on the guest list for Trump's inevitable state banquet in September. The reason? In the run-up to Trump's first election he was asked how to deal with him in The White House. 'Have we any control or influence over the American elections?' Attenborough replied. 'Of course we don't... we could shoot him… it's not a bad idea.' He faced death threats and an FBI investigation for his quip. Feverishly promoting her autobiography, Jacinda Ardern, who had a baby while serving as New Zealand prime minister, reveals that she asked the late Queen whether she had any advice on raising children. 'You just get on with it,' said the monarch. A put-down? HM clearly wasn't one of 'the criers, worriers and huggers' earnest Jacinda dedicates her tome to. Madness warbler Suggs, now slaking his camel's thirst for beer with non-alcoholic potions, provides a progress report on how his wife Anne is coping with his new found sobriety. 'She said she felt it was a bit like those stories recently, when they found out babies had been swapped in the hospital. She thought I've been swapped with somebody else since I stopped drinking.'


Reuters
29 minutes ago
- Reuters
Long Harbour to launch takeover bid for UK's PRS REIT, Sky News reports
June 11 (Reuters) - UK-based real estate investment management firm Long Harbour has secured financing to launch a 700 million pound ($944.51 million) takeover bid for PRS REIT (PRSR.L), opens new tab, Sky News reported on Wednesday. Reuters could not immediately verify the report. ($1 = 0.7411 pounds)


Reuters
29 minutes ago
- Reuters
Kremlin says EU-proposed lower Russian oil price cap not helpful for global energy
MOSCOW, June 11 (Reuters) - A lower price cap for Russian oil proposed by the European Commission does not contribute to the stabilization of global energy markets, Kremlin spokesperson Dmitry Peskov said on Wednesday. In its new package of sanctions against Russia over Ukraine, the Commission on Tuesday proposed to lower the Group of Seven nations' price cap on Russian crude oil to $45 a barrel from $60 a barrel in a bid to cut the country's energy revenues. Peskov also called the Western sanctions illegal.