US President Donald Trump reignited trade tensions on Friday, threatening a 50% tariff on all goods sent to the United States from the European Union, APA reports citing BBC.
He also threatened to impose a 25% import tax "at least" on iPhones not manufactured in America.
The warning against the EU came just hours before the two sides were set to have trade talks. Trump last month announced a 20% tariff on most EU goods, but had halved it to 10% until 8 July to allow time for talks.
"Our discussions with them are going nowhere!" Trump wrote in a post on social media on Friday. He said he was recommending that new tariffs kick in on 1 June.
In remarks to reporters at the White House later, Trump said his plan was set.
"I'm not looking for a deal - we've set the deal," he said, before immediately adding that a big investment in the US by a European company might make him open to a delay.
The EU did not immediately respond to the threat. Politicians from members of the bloc greeted it with dismay but said they did not expect to shift strategy.
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