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Trump threatens 50% tariffs. How might Europe strike back?

The truce did not last long. On May 23rd President Donald Trump threatened to impose a tariff of 50% on imports from the European Union, more than double the size of his earlier threat of 20%. “Our discussions with them are going nowhere,” he said. The bloc is “very difficult to deal with”. Without progress, the levy will come into effect on June 1st.

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