Euro Drops as Trump Threatens 50% Tariff on EU
The euro fell on Friday, reversing earlier gains after U.S. President Donald Trump said he would recommend hitting the European Union with 50% tariffs from June 1, reigniting investor fears over the impact of duties on the world economy and trade.
In a post on his Truth Social platform, Trump said the EU was "very difficult to deal with" and "our negotiations with them are going nowhere."
"Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff...
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