BlockBeats News, May 23rd, Trump posted on TruthSocial, stating, "The main purpose of the EU's establishment is to take advantage of the United States in trade, and it has always been tough to deal with. They have set up strong trade barriers, imposed value-added taxes, absurd corporate fines, non-monetary trade barriers, currency manipulation, unfair and unreasonable lawsuits against American companies, etc., resulting in the U.S. trade deficit with the EU exceeding $250 billion annually, a figure that is completely unacceptable. Our negotiations with them have made no progress! Therefore, I propose to impose a 50% tariff on EU products starting from June 1, 2025. No tariff will be imposed on products manufactured or produced in the United States. Thank you for your attention to this matter!"
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