Trump Rules Out EU Trade Deal, Threatens 50% Tariffs

President Trump's decisive rejection of a trade deal with the European Union sends shockwaves through global markets. His declaration of a potential 50% tariff on EU goods has sparked widespread concern among businesses and policymakers. "I'm not looking to make a deal," Trump stated in a recent press conference, underscoring his firm stance. The move could significantly impact transatlantic trade and further escalate existing tensions. Experts warn of potential retaliatory measures from the EU, raising the prospect of a protracted trade war with unpredictable consequences. The announcement comes amid ongoing trade disputes and underscores the unpredictable nature of global trade under the current administration. The potential impact on consumers and businesses remains a major concern, with analysts closely monitoring the situation for any further developments.