Severe Fallout if Trump Pursues 50% Tariff Threat, Warns Taoiseach
The Taoiseach has expressed significant concern over the potential consequences of US President Donald Trump's threat to impose 50% tariffs on the EU starting in June, stating that such a move would be "very damaging."
Following Mr. Trump's announcement, European stocks experienced a sharp decline, and the euro saw a drop in value. Additionally, eurozone government bond yields fell considerably, indicating a ripple effect across global markets.
On his Truth Social platform, Mr. Trump remarked, "The European Union, which…