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Donald Trump said he had decided to slap 25 per cent tariffs on imports from the EU, as he lashed out at the bloc, saying it “was formed to screw the United States”.
“We have made a decision and we’ll be announcing it very soon. It’ll be 25 per cent,” the US president said during a cabinet meeting on Wednesday.
Trump said the levies would be applied “generally”, though he specifically mentioned that they would hit car imports.
The euro fell slightly following Trump’s comments, trading 0.2 per cent lower against the dollar at $1.049.
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