EU vows to defend interests after Trump threatens 50 percent tariffs
EU official says a trade deal ‘must be guided by mutual respect, not threats’ after the US president says talks with the bloc are ‘going nowhere’.
The European Union has said it will defend its interests after United States President Donald Trump threatened to impose a 50-percent tariff on all goods from the 27-member bloc.
The EU’s top trade official, Maros Sefcovic, said in a post on X that he spoke on Friday with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick on the issue.
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list of 4 itemsend of list“The EU is fully engaged, committed to securing a deal that works for both,” he said, adding that the EU Commission remains ready to work in good faith towards an agreement.
“EU-US trade is unmatched and must be guided by mutual respect, not threats. We stand ready to defend our interests.”
Trump posted on his Truth Social platform that he is “recommending” a huge 50 percent duty on the EU starting on June 1 since talks with them “are going nowhere”.
Speaking later in the Oval Office, the Republican president emphasised that he was not seeking a deal with the EU but might delay the tariffs if more European companies made major investments in the US.
Advertisement“I’m not looking for a deal,” Trump told the reporters. “We’ve set the deal. It’s at 50 percent.”
European leaders warned the tariffs will hurt both sides.
German economy minister Katherina Reiche said everything must be done “to ensure that the European Commission reaches a negotiated solution with the United States” while French foreign minister Laurent Saint-Martin said the bloc prefers de-escalation but is “ready to respond”.
If implemented, the tariffs would mean that the EU will have higher import taxes on its hundreds of billions worth of exported goods compared with China, which had its tariffs cut earlier this month to allow more negotiations between Washington, DC, and Beijing.
In early April, Trump announced a 20 percent tariff on most EU goods but brought it down to 10 percent until July 8 to allow time for more negotiations.
Trump has complained that existing frameworks are “unfair” to US companies as the European bloc sells more goods to its ally than it buys from it.
Trump on Friday also warned that the US tech giant Apple could also be hit with a 25 percent import tax on all iPhones not manufactured but sold in the US.
His announcements online dealt another blow to stock markets both in the US and in the EU, with the S&P 500 down about 0.8 percent and the pan-European STOXX 600 index falling about 1.2 percent.