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Trump threatens EU with 50 percent tariff over unfair trade practices

( May 23, 2025, 12:19 GMT | Official Statement) -- MLex Summary: President Donald Trump threatened to impose a 50 percent tariff on the European Union starting June 1 over what he said were unfair trade practices. In a Truth Social post, Trump cited concerns with the EU's value-added taxes and what he called corporate penalties, non-monetary trade barriers, monetary manipulations and "unfair and unjustified" lawsuits against US companies. Trump also said negotiations with the economic bloc were "going nowhere."Statement follows:...

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