Wall Street, Europe rattle as tariff war looms
Edited By WION Video Desk
Published: May 24, 2025, 12:17 IST | Updated: May 24, 2025, 12:17 IST
President Donald Trump has reignited tensions in the US EU trade relationship. He has recommended a steep 50% tariff on European Union goods set to begin on June 1st. Well this means that a perfume imported from the US from Europe costing some $1,000 currently will cost $1,500 if Trump makes good on his 50% tariff threat. While this would significantly increase the current baseline tariff of 10% and follow the post 20% tariff on certain EU products. Watch in for more details!
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