BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

Trumps Threatens EU With 50% Tariffs: How Will This Affect Markets?

by Sham
May 23, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
A A
3
SHARES
52
VIEWS
Share on XShare in TelegramShare on Reddit
  • Trump threatened a 50% tariff on all EU goods starting June 1, calling the bloc unfair on trade.
  • Only the UK and China have reached partial deals so far, with the EU talks reportedly going “nowhere.”
  • Trump also warned Apple of a 25% iPhone tariff if it doesn’t move production to the U.S.

President Trump’s heating up the trade talk again—and this time, the European Union is in the crosshairs. On Friday, he posted on Truth Social that the EU could face a massive 50% tariff on all its products starting June 1, claiming the bloc was “formed to take advantage of the U.S. on trade.”

🚨 TRUMP: “I am recommending a straight 50% tariff on the European Union” 🤯 pic.twitter.com/68RS7Js6UH

— BlockNews (@blocknewsdotcom) May 23, 2025

“The European Union… has been very difficult to deal with,” Trump wrote, adding, “Our discussions with them are going nowhere!”

Leverage or Looming Reality?

Some say it’s just posturing—leverage ahead of more talks. EU trade chief Maros Sefcovic was reportedly set to speak with U.S. Trade Rep Jamieson Greer later that day. But Trump’s tone wasn’t exactly diplomatic.

Just last month, the administration paused its so-called Liberation Day tariffs for 90 days, keeping a blanket 10% rate in place for everyone except China. So far, only the UK has reached a full deal, while China got a temporary reduction to 30% after trade talks in Switzerland.

What Trump Wants (and Doesn’t)

Trump’s frustration seems to center on what he calls “unfair trade practices” by the EU—things like value-added taxes, corporate penalties, trade barriers (monetary and non-monetary), and lawsuits against American companies. He claims these have led to a $250 billion trade deficit with the U.S., calling it “totally unacceptable.”

At a glance, his tariff threats seem meant to pressure EU leaders into striking individual deals. Treasury Secretary Scott Bessent told Fox News, “I’d hope this lights a fire under the EU.”

And time? Well, it might be running out. Trump hinted last week that one-on-one deals might give way to package rates soon, depending on how negotiations go.

UK Deal Sets the “Template”

The UK’s agreement—which includes a 10% tariff and increased access for U.S. agricultural goods—has been held up as a possible blueprint for future deals. According to Trump’s economic team, no deal will dip below the 10% threshold.

Donald Trump Truth Social 05.23.25 05:43 AM EST

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,…

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) May 23, 2025

Meanwhile, back in China trade war territory, tariffs hit as high as 145% before being lowered in response to fentanyl-related issues and new agreements.

And if all that wasn’t enough… Trump also said this week he’d slap a 25% tariff on Apple’s iPhones if the company doesn’t bring more manufacturing back to U.S. soil.

So yeah—Europe isn’t the only one feeling the pressure.

Tags: EUJamieson GreerMaros SefcovicPresident Trumptariff
Tweet1ShareShare
Previous Post

Analysts Predict VET Surge to $0.15 Following Bridge Launch: What You Need to Know

Next Post

Trump SLAMS EU with Tariff Threats as Trade Talks Fail to Progress: Here is What You Need to Expect

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
CRYPTO

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.