Brief by Shorts91 Newsdesk / 11:10am on 24 May 2025,Saturday International
The European Union urged "mutual respect" in trade talks after US President Donald Trump threatened to impose 50% tariffs on EU imports starting June 1. EU Trade Commissioner Maroš Šefčovič affirmed Europe's commitment to a fair deal but said the bloc would defend its interests if provoked. Trump expressed frustration over stalled negotiations and said only U.S.-made products would avoid the tariffs. European leaders warned of economic harm and called for de-escalation. Stock markets in both regions dropped in response, while the EU considers retaliatory measures worth €95bn if the US proceeds with its protectionist stance. (PC: EPA)
