Trump considering hitting EU with 10% tariffs on imported goods

Donald Trump is contemplating a 10 percent tariff on EU imports, potentially escalating the global trade war initiated by recent tariffs on Mexico, Canada, and China. Sources close to Trump indicate that some in his administration support this plan, although there is no broad agreement. Trump stated that tariffs on the EU “will definitely happen,” citing a significant trade deficit and a lack of EU imports to the US. If implemented, the EU could retaliate with duties exceeding 50 percent on US goods. Meanwhile, Germany’s Chancellor Olaf Scholz warned that Europe would respond to tariffs.