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European stock markets fall sharply on EU tariff salvo

City A.M. Friday, 23 May 2025 ()
European stock markets fall sharply on EU tariff salvoStock markets across Europe dropped dramatically on Friday afternoon after Donald Trump announced plans to levy a 50 per cent tariff on all US imports from the European Union next month. The FTSE 100 dropped as much as 1.35 per cent after the US President mooted the move in a post on Truth social in [...]
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Video Credit: Oneindia - Published
News video: Breaking: Trump Launches Trade War With EU, 50% Crushing Tariff Starting June 1 on ‘Exploitative’ EU

Breaking: Trump Launches Trade War With EU, 50% Crushing Tariff Starting June 1 on ‘Exploitative’ EU 03:17

President Trump has launched a full-scale trade war with the European Union, announcing a 50% tariff on EU imports starting June 1, 2025. Trump accused the EU of exploiting the U.S. through unfair trade practices, VAT schemes, and currency policies, blaming them for a $250 billion trade deficit. The...

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