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Markets slump as Trump vows 50 per cent tariffs on the EU

City A.M. Friday, 23 May 2025 ()
Markets slump as Trump vows 50 per cent tariffs on the EUPresident Trump has announced he is “recommending” 50 per cent tariffs be imposed on all European Union (EU) imports into the US, sending markets in Europe and the UK into the red. In a post on his Truth Social platform, Trump said that the new rate of trade levies would kick in on 1 June.  [...]
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