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Trump Recommends 50% EU Tariff

24 May 2025

Description

This text discusses former President Donald Trump's proposal to impose a 50% tariff on goods imported from the European Union, citing stalled trade negotiations and perceived unfair practices by the EU. The article notes that Trump publicly stated he was not seeking a deal with the bloc and that this proposal came shortly after a similar threat regarding Apple manufacturing in the US. The announcement led to declines in both US stock futures and European markets. Ultimately, the White House suggested the market might be overreacting and that Trump's post wasn't a formal policy declaration, though the EU is a significant trading partner with the US.

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