President Donald Trump imposed a "straight" 50 percent tariff on goods from the European Union, a move that could have a massive impact on American consumers.
The president accused the 27-member bloc of forming “for the primary purpose of taking advantage of the United States on TRADE,” he wrote in a Truth Social post on Friday morning. Last year, the U.S. imported $605 billion from the E.U. while the E.U. imported $370 billion from the U.S., leading to a $235 billion trade deficit.
