Trump announces 30% tariff on goods from European Union
Donald Trump
has announced blanket
tariffs
on trade coming from the European Union of 30 per cent, in a move that sets back negotiations to avert an escalating trade war.
Negotiators from both sides have spent several intense weeks working on the broad strokes of an 'agreement in principle', aimed at stopping
Mr Trump following through on threats to double import duties
he has charged on European goods sold to the US.
Officials in the
European Commission
, who have been leading the tariff negotiations, had believed a deal was ready to be signed, pending the approval of Mr Trump.
In a letter to European Commission president Ursula von der Leyen, Mr Trump instead said he would raise import duties charged on goods sold into the US from the EU to 30 per cent, three times higher than initial blanket tariffs he introduced.
'Our relationship has been, unfortunately, far from Reciprocal. Starting on August 1, 2025, we will charge The European Union a Tariff of only 30% on EU products sent into the United States, separate from all Sectoral Tariffs,' he wrote.
(c) Copyright Thomson Reuters 2025
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