Trump’s threat to impose 50% tariffs on imports from the E.U. is just the latest attack. It comes amid a broader souring in relations and after months of economic sparring.
The European Union has pushed back against Donald Trump’s latest suggestion that he will impose a 50% import tariff on all E.U. goods, warning that transatlantic trade must be built on “respect, not threats.”
The rebuke came after Trump said in a Friday post on his Truth Social platform that trade negotiations with Brussels were “going nowhere” and suggested he would slap a 50% blanket duty on all European goods entering the U.S. starting June 1.
It was just the latest bellicose remark from Trump and came amid a broader souring in relations between the two global powers that has seen months of distrust and economic sparring.
It’s not just that kind of service. There are media properties to tariff - movies, shows, music. There is software and consulting for enterprises to tariff. There are financial services to tariff.
The USA is the biggest exporter of services in the world, by a huge margin. Trump can pretend all he wants that it’s only goods that matter, but the moment US services are going to be hit with tariffs, the wailing will begin. All his ultra-rich friends made their money on services.