Trump also threatened to increase tariffs further if the EU responded with countermeasures, escalating fears of a renewed transatlantic trade war.
Former US President Donald Trump has announced plans to impose a 30% tariff on European Union products starting August 1, warning the rate could rise if the EU retaliates.
In a letter addressed to European Commission President Ursula von der Leyen, shared on his Truth Social account, Trump argued the new tariff level is insufficient to fix trade imbalances.
“The 30% rate is far less than what is needed to eliminate the Trade Deficit disparity,” he wrote.
Trump also threatened to increase tariffs further if the EU responded with countermeasures, escalating fears of a renewed transatlantic trade war.
The announcement marks a sharp turn in US-EU trade relations and has drawn swift concern from European officials.
Our journalists are working on this story and will provide updates as more details emerge about potential EU responses and the broader economic impact of the proposed tariffs.