US-EU trade war ‘in nobody’s interest’, says Downing Street

Donald Trump has agreed to delay the 50% tariffs he threatened to impose on the EU last week (Jacquelyn Martin/AP photo) - (AP)

A trade war is “in nobody’s interest”, Downing Street has said following US President Donald Trump’s threat to impose 50% tariffs on EU goods.

Mr Trump threatened to increase tariffs on EU products last Friday, saying talks with the bloc were “going nowhere” and suggesting the new rate could come into effect on June 1.