Trump Threatens 50% EU Tariff Starting June 1; European Markets Drop Sharply | Watch

U.S. President Donald Trump has threatened a 50% tariff on EU goods starting June 1, accusing the bloc of exploiting the U.S. on trade. He posted the warning on social media, calling EU negotiations “difficult” and “going nowhere.” The announcement triggered a sharp selloff in European stock markets and a rise in gold prices. A call between EU and U.S. trade officials is planned, but sources say Washington may reject the latest EU concessions. Watch