'Discussions are going nowhere': Trump flips out and orders 50% tariff starting next week

As part of a flurry of posts on Truth Social on Friday morning, Donald Trump is now proposing slamming the European Union (EU) with a massive new tariff because of the "unacceptable" trade imbalance the U.S. has rung up.

Moments after threatening Apple and executive Tim Cook with a 25 percent tariff unless iPhones are made in the U.S., the president moved on to another threat certain to roil the stock market.

On Truth Social he wrote: "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. 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 than $250,000,000 a year, a number which is totally unacceptable."

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Complaining "Our discussions with them are going nowhere!" he announced, "Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!"

You can see his post here.