US-EU Trade Tensions Rise: Trump Proposes 50% Tariff, EU Seeks Extension
Trade tensions between the US and Europe are escalating. President Trump recently announced plans to impose a 50% tariff on the EU starting June 1, raising alarms in Brussels. In response, EU Commission President Ursula von der Leyen contacted US officials, successfully delaying the implementation until July 9, buying time for negotiations.
Europe exports substantial amounts of cars and pharmaceuticals to the US, contributing to a trade deficit, and some analysts suggest that the Trump administration's tough stance aims to compel the EU to disengage from China. The EU now faces the challenging decision of how to navigate between US pressures and Chinese interests.
