Trump threatens 50 per cent tariff on European Union
President Donald Trump on Friday threatened to slam a 50 per cent tariff on European Union products, adding the EU “has been very difficult to deal with.”
The American president, in a post on Truth Social, said the 50 per cent tariff will take effect from June 1.
Citing reasons for tariff imposition, Mr Trump said the EU’s “powerful trade barriers, VAT taxes, ridiculous corporate penalties, non-monetary trade barriers, monetary manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a trade deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere!”
He added, “Therefore, I am recommending a straight 50 per cent tariff on the European Union, starting on June 1, 2025. There is no tariff if the product is built or manufactured in the United States.”
Since he assumed office for a second term, Mr Trump has sparked a trade war, imposing tariffs on China and Canada.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Economic growth in Nigeria, other Sub-Saharan Africa countries gaining momentum despite global uncertainty: World Bank
Building the foundations for an AI-ready economy can help turn Africa’s growth into more jobs and better opportunities for the region’s rapidly growing labour force.
NationWide
ITUC-Africa warns political leaders against inflammatory comments ahead of 2027 polls
Mr Odigie expressed concern over inflammatory political rhetoric as Nigeria approaches the 2027 elections
Heading 2
Abducted corps member’s sister begs Nigerians to support her rescue
Ms Olawole said her sister was suffering from chronic ulcer.
Africa
When Streets Become Pharmacies: Booming illicit markets in Central Africa
From 2020 through 2025, authorities seized 251 tonnes of medical products in Cameroon, the Republic of Congo, Gabon, the Central African Republic, and Chad.
Ibadan
40-year-old man arraigned for allegedly breaking into woman’s shop
The defendant pleaded not guilty to the charge.
Politics
ADC tackles Gov Lawal over N20 billion projects in Zamfara LGAs
The Zamfara chapter of the African Democratic Congress has called on Governor Dauda Lawal to account for the N20 billion in projects executed in each council area.
