President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on smartphones unless the products are made in America.

President Donald Trump said on Friday morning that negotiations with the EU are "going nowhere" and threatened the countries with a 50% tariff.

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

"I'm not looking for a deal. I mean, we've set the deal. It's 50%. Again, when they build their plant here, there's no tariffs," said U.S. President Donald Trump. U.S. President Donald Trump announced on Friday via social media that he supports imposing a 50 percent tariff on imports from the European Union,

Bharat Ramamurti, former deputy director of the National Economic Council, talks with Jen Psaki about the number of Americans who will be hurt by the new Republican budget bill and why tariffs on European goods will make the economics for American manufacturers worse.

Vollye after volley of new tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

Gold prices rose 2% on Friday and were headed for their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from U.S. President Donald Trump and a weaker dollar. Spot gold gained 2% to $3,