The US-EU relationship reached a boiling point after President Trump unveiled plans for a massive 50% tariff on European goods, citing a lack of progress in trade talks and accusing the EU of unfair practices. Trump’s announcement, made via social media and reinforced in the Oval Office, rattled financial markets and left business leaders bracing for uncertainty.
Brussels swiftly countered, with Trade Commissioner Maroš Šefčovič and European politicians uniting in opposition. They warned that the bloc would retaliate if forced, stressing the need for respectful negotiations and highlighting the potential global economic fallout if a trade war erupts.