In a sharp escalation of trade negotiations with the European Union (E.U.), Trump took to social media. on Friday and announced that he is “recommending a straight 50% tariff on the European Union, starting on June 1, 2025.” “The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Trump claimed. “Their powerful trade barriers, VAT taxes, ridiculous corporate penalties, non-monetary trade barriers, monetary manipulations, unfair and unjustified lawsuits against Americans companies, and more, have led to a trade deficit with the U.S. of more...