"I'm not looking for a deal. I mean, we've set the deal. It's 50%. Again, when they build their plant here, there's no tariffs," said U.S. President Donald Trump. U.S. President Donald Trump announced on Friday via social media that he supports imposing a 50 percent tariff on imports from the European Union,

But it is a risky bet. Although trade talks between the US and the EU had been moving slowly, Trump’s threat to put 50 per cent tariffs on all imports from the bloc from June 1 has raised the economic and diplomatic stakes dramatically.