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Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’

President says EU imports to US will be subject to levy from 1 June as markets slump in reaction to ‘major escalation’Business live – latest updatesDonald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after saying trade talks between the two trading blocs were “going nowhere”.In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had run aground. Continue reading...

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