Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’

Donald Trump has threatened to slap 25% tariffs on the European Union claiming the 27-country bloc was “formed to screw the United States”.

Speaking at his first cabinet meeting on Wednesday, the US president said he would soon release details of the latest tariff threat. “We have made a decision and we’ll be announcing it very soon. It’ll be 25%,” he said.

The EU is the US’s third largest trading partner alongside China. Trump has said he will impose 25% tariffs on the US’s two largest trading partners, Canada and Mexico, next week.

Trump did not give further details but mentioned carmakers and said the levies would be applied “generally”.

More details soon …