EU Awaits Clarity on Trump's 50% Tariff Threat
The European Commission sought clarity from the United States after U.S. President Donald Trump recommended on Friday putting a 50% tariff on EU imports from June 1, with Brussels' and Washington's trade chiefs due to talk later.
The Commission, which oversees trade policy for the 27-nation European Union, said it would not comment on the tariff threat until after a call between European Trade Commissioner Maros Sefcovic and U.S. Trade Representative Jamieson Greer at 1500 GMT.
European stocks tumbled and the euro gave back some gains, while euro zone...
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