BREAKING NEWS Trump launches crippling tariffs on 'very difficult' Europe in new trade war escalation
Donald Trump is threatening new crippling tariffs on the European Union after trade negotiations have gone south.
Trump took to Truth Social on Friday morning to put the 'difficult' EU on blast for 'taking advantage' of the United States.
He slammed estimates of a $250,000,000 trade deficit between the two countries every year, adding it's 'totally unacceptable.'
'Our discussions with them are going nowhere!' he proclaimed before threatening to slap a 'straight 50 percent tariff' on the EU beginning June 1.
'There is no tariff if the product is built or manufactured in the United States,' he added.
Trump's new threat comes weeks after he struck an emergency trade deal with UK Prime Minister Keir Starmer to 'save' the car industry.
The deal, which President Trump said was only possible 'because of Brexit', cuts U.S. tariffs on cars imported from the UK from 25 per cent to 10 for the first 100,000 vehicles.
Ministers had feared that leading car makers were preparing to cut thousands of jobs unless the tariffs were reduced.
Trump's new threat comes weeks after he struck an emergency trade deal with UK Prime Minister Keir Starmer to 'save' the car industry
The deal was the first struck since President Trump's 'Liberation Day' tariffs stunned the world last month.
Trump said the speed of the deal with the UK was only possible because of Britain's status outside the EU.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Auto Car
25 minutes ago
- Auto Car
I bought a V6 Jaguar for £400 and doubled my money
It turns out that it's still possible to buy a functioning car with an MOT certificate for less than £500. I may have bought it from a friend's parents' neighbour, but this ULEZ-compliant Jaguar X-Type cost me just £400, complete with six months on the MOT (with only tired suspension parts as advisories) and just 53,000 miles. From the outside, you can tell it has lived in London's busy suburbs its whole life, but inside it looks almost new, despite the dated grey leather matching the walnut veneer like an original Mercedes-Benz A-Class and a moose test. The 2.1-litre petrol V6 is silky smooth (although shockingly averse to making progress), while the suspension is as pliant as almost anything else these days but equally demonstrates how far body control has come in the past 20 years. The only thing I'm not looking forward to is the running costs. The annual road tax is £415 and the fuel consumption is diabolical. We're talking 16mpg in town and 24mpg on a run. The anachronistic five-speed automatic gearbox working with a complete absence of torque is to blame for this: if you set the cruise control at 70mph, the car will need to kick down to fourth at the slightest incline. Overall, my new Jag is far from perfect, but you can't argue with £400. Log two: Jag faces early exit – but not for why you'd expect After just a few months, it's already time to move the X-Type on: it turns out that someone who commutes by train does not need two cars. I'm not getting rid of the X-Type because it's rubbish. Well, it is, but in the same way your grandad is rubbish at athletics: time may not have been kind to his sporting credentials, but you still love him. And that analogy works because your grandad probably drives, or at least drove, an X-Type, and when he bought it 20 years ago it was somewhat more competitive than it is now. I do love the car, but unlike my grandparents I struggle to find time for it. Driving it is surprisingly pleasurable – it offers a relaxed undertone that is missing from almost everything these days – but when I do want or need to use one of my cars, it's my Alpina D3 that I turn to every time.
BBC News
27 minutes ago
- BBC News
Gossip: Toffees one of favourites to sign Grealish
Everton and Newcastle are leading the race to sign England forward Jack Grealish, 29, from Manchester City this summer. (Football Insider), externalEverton, Wolves and Fulham are eyeing a move for 32-year-old Czech Republic right-back Vladimir Coufal, who is a free agent after leaving West Ham. (Football Insider), externalWant more transfer stories? Read Thursday's full gossip columnFollow the gossip column on BBC Sport
BBC News
27 minutes ago
- BBC News
Delays as A50 in Derbsyhire shut after lorry overturns
A main road in Derbyshire is shut to allow the recovery of a lorry which left the road and Highways said the A50 eastbound between Ashbourne and Sudbury closed shortly before 04:00 BST on said this was a "complex recovery operation" requiring two cranes and heavy duty recovery have been advised to expect delays and take alternative routes.
