By Hannah Parry
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President Donald Trump signed multiple executive orders on Friday aimed at boosting the domestic nuclear energy industry.
The orders invoke the Defense Production Act, originally enacted during the Cold War, which gives the president broad authority to allocate resources and influence domestic industry in the interest of national defense.
White House staff secretary Will Scharf said, during the Oval Office signing ceremony as he passed Trump the orders, that they mean that the United States will be "quadrupling the amount of nuclear production in the next two and half decades."
What To Know
- The White House said that the order directs the reform of the Nuclear Regulatory Commission (NRC) "to reduce our dependence on foreign technologies, decrease regulatory barriers, and support our domestic nuclear industry."
- Defense Secretary Pete Hegseth said during the signing, "Energy security is national security... by having small, modular nuclear... We're going to have the lights on and AI operating when others do not."
- The orders aim to simplify the regulatory process for approving new nuclear reactors and to strengthen nuclear fuel supply chains amid mounting concerns over U.S. dependence on foreign suppliers.
- Joseph Dominguez, CEO of Constellation Energy, added at the Friday ceremony that nuclear power is a "24/7 resource" but the problem in the industry "has historically been regulatory delay. Mr. President, this energy dominance council that you have created is something I haven't seen in 30 years."
Newsweek's live blog is closed.
May 23, 2025 at 04:51 PM EDT
Marjorie Taylor Greene gets into X fight with Elon Musk’s AI bot
Representative Marjorie Taylor Greene of Georgia got into a tiff with Grok, the AI assistant and chatbot created by Elon Musk's xAI, after Grok questioned her faith.
Greene's squabble with Grok happened after the Georgia lawmaker posted about her Christian faith on X, writing: "I'm a Christian, an imperfect sinner saved by grace and faith in Jesus. I'm a nationalist, a proud American, who loves my country and wants to make our home nation is the best place for all American citizens and future generations to come."
She continued: "I'm a mother, thankful for the blessings and responsibility God gave me with my children. I'm a business owner, humbled and grateful to be able to work as hard as humanly possible in the greatest country in the world to be successful, where nothing is given and all is earned. I'm a Representative, elected to serve the greatest people from the greatest district on the greatest country on Earth! May God bless each of you and may God bless America!!!"
Another X user ran Greene's post through Grok, asking the AI bot, "[I]s is true? Is she really a Christian?"
Read in full from Sonam Sheth on Newsweek.
May 23, 2025 at 04:42 PM EDT
Musk now says GDP growth, not cuts will reduce U.S. debt
Elon Musk appears to have reversed course on his Department of Government Efficiency (DOGE) sweeping cuts to government.
The billionaire now says he believes only accelerating GDP growth can reduce the U.S. deficit.
"I have come to the perhaps obvious conclusion that accelerating GDP growth is essential," he said.
"DOGE has, and will do great work to postpone the day of bankruptcy of America, but the profligacy of government means that only radical improvements in productivity can save our country."
May 23, 2025 at 04:23 PM EDT
Trump greenlights U.S. Steel and Nippon Steel merger
President Donald Trump has announced a partnership between United States Steel and Nippon Steel.
The Japanese steelmaker's bid to acquire the U.S. manufacturer, had previously been blocked on national security grounds.
"This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy," Trump said on Truth Social, Friday.
He added that the bulk of that investment "will occur in the next 14 months."
U.S. Steel's headquarters will remain in Pittsburgh.
May 23, 2025 at 04:11 PM EDT
WATCH: Trump threatens Apple and Samsung with 25 percent tariff
May 23, 2025 at 04:04 PM EDT
Victims’ families slam Pam Bondi over Boeing deal: Next crash her fault
Families of victims of Boing 737 Max crashes are speaking out after the Justice Department reached a deal Friday that will allow the airplane giant to avoid criminal prosecution for allegedly misleading regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
Nadia Milleron, whose 24-year-old daughter, Samya Rose Stumo, died in a 2019 plane crash in Ethiopia, told Newsweek via email, "Pam Bondi is afraid to try a case. She is reinstituting the coddling corporate criminal's policy. Boeing remains a criminal corporation and Bondi is enabling them. The next crash will be her fault."
May 23, 2025 at 03:54 PM EDT
Harvard student blasts Trump: Attacking ‘very basis of my college life’
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A Harvard University undergraduate student told Newsweek that eight of his future roommates will be forced to leave the college if the Trump administration's executive order regarding international students is allowed to go ahead.
"Like any other college student in America, those people have become lifelong friends and the center of my college experience, yet the Trump administration is using them as political pawns to force Harvard to sacrifice its institutional freedom," said William Gottemoller, a sophomore majoring in astrophysics and physics.
His conversation with Newsweek on Friday afternoon came after a U.S. District Judge issued a temporary restraining order on the Department of Homeland Security's (DHS) decision to revoke Harvard's ability to enroll international students.
Read in full from Khaleda Rahman and Dan Gooding on Newsweek.
May 23, 2025 at 03:40 PM EDT
Did Harvard introduce a remedial math class?
The Harvard Math Department announced it was piloting a new introductory course to the subject last September, to address students whose math skills and learning abilities had been impacted by the Covid-19 pandemic, student newspaper the Harvard Crimson reported at the time.
Harvard's Director of Introductory Math Brendan A. Kelly told the paper, that the new course would run alongside two established math courses.
"The last two years, we saw students who were in Math MA and faced a challenge that was unreasonable given the supports we had in the course. So we wanted to think about, 'How can we create a course that really helps students step up to their aspirations?'" he said.
"Students don't have the skills that we had intended downstream in the curriculum, and so it creates different trajectories in students' math abilities," Kelly added.
May 23, 2025 at 03:30 PM EDT
Trump suggests student protesters cannot do math
President Donald Trump has suggested that student protesters at Harvard University cannot do basic math.
Trump was asked about his administration's decision to ban the school from enrolling international students during an Oval Office executive order signing.
When pressed why Trump didn't want "the best and brightest" he responded, "I do," but suggested that many struggled with basic arithmetic.
"A lot of them need remedial math, did you see that? They can't add two and two, and they go to Harvard," Trump said.
"They are going to teach remedial math at Harvard. So why would they get in, how can somebody who can't get do math, or has very basic skill, get into Harvard? And then you see those same people picketing or screaming at the United States... or they're antisemitic or they're something," he continued.
"We don't want troublemakers here."
May 23, 2025 at 03:07 PM EDT
Trump suggests he’s not open to further deals with the EU
President Donald Trump said he's not seeking any further negotiations on the tariffs with the European Union after he announced the new 50 percent levy, starting next month.
"I'm not looking for a deal," Trump told the reporters at the Oval Office. "We've set the deal. It's at 50%."
He added that if companies manufactured in the United States, then they would not face any tariffs, and he would consider delaying tariffs on those companies while they built the plants.
"It's time that we play the game the way I know how to play the game, you know," Trump added.
May 23, 2025 at 02:52 PM EDT
Right on cue, Trump’s phone starts ringing
Just as Trump was talking about his tariffs on smartphone manufacturers, his own phone began ringing.
The president pretended to take the call in front of the gathered secretaries and press at the Oval Office, before canceling it.
"It's only a congressman," he joked.
His phone then began ringing immediately.
"It's a different congressman," he said.
May 23, 2025 at 02:50 PM EDT
Trump says he will target all smartphones makers, not just Apple
Trump has announced he plans to impose tariffs on any smartphone maker who did not choose to manufacture in the United States.
Speaking at an Oval Office executive order signing ceremony, the president said, "It would be also Samsung and anybody that makes that product. Otherwise, it wouldn't be fair."
Trump added that he had an agreement with Apple CEO Tim Cook that the tech giant would not relocate production to India to avoid Trump's tariffs on Chinese goods.
May 23, 2025 at 02:38 PM EDT
WATCH: Moment Trump signs order to ‘promote production and operation of nuclear energy’
May 23, 2025 at 02:31 PM EDT
Trump signs executive order to revive nuclear industry in the United States
President Donald Trump signed multiple executive orders on Friday aimed at boosting the domestic nuclear energy industry.
The White House said that the orders direct the reform of the Nuclear Regulatory Commission (NRC) "to reduce our dependence on foreign technologies, decrease regulatory barriers, and support our domestic nuclear industry."
Defense Secretary Pete Hegseth added at the Oval Office meeting, "Energy security is national security... by having small, modular nuclear... We're going to have the lights on and AI operating when others do not."
The orders aim to simplify the regulatory process for approving new nuclear reactors and to strengthen nuclear fuel supply chains amid mounting concerns over U.S. dependence on foreign suppliers.
May 23, 2025 at 02:12 PM EDT
EU tariffs could limit Volvo sales in United States
Volvo Cars CEO Hakan Samuelsson has said that President Donald Trump's newly announced 50 percent tariffs on the European Union, set to start next month, will limit the company's ability to sell in the U.S.
Samuelsson said that in particular, its Belgium-made EX30 electric vehicle sales would be limited.
"I believe there will be a deal soon," Samuelsson told Reuters. "It could not be in the interest of Europe or the U.S. to shut down trade between them."
May 23, 2025 at 01:57 PM EDT
Chicago Fed president warns new tariffs will only delay any interest rate changes
Chicago Federal Reserve Bank president Austan Goolsbee that president Donald Trump's new tariffs will only delay any interest rate changes.
During an appearance on CNBC, Goolsbee said the Fed will pause any plans to lower the rate amid the new trade uncertainty after Trump announced a 50 percent tariff on the European Union next month, and a 25 percent tariff on iPhones.
"Everything's always on the table. But I feel like the bar for me is a little higher for action in any direction while we're waiting to get some clarity," Goolsbee said.
"So I think we'll have to see how big the impacts on prices are," he added. "I know people hate inflation."
Trump has repeatedly pressured the Fed to lower its rates, arguing that there is no inflation in the U.S. However, his trade policies and changing tariffs have created uncertainty in the markets and investments.
May 23, 2025 at 01:50 PM EDT
Texas lawmakers poised to push through a total marijuana ban
Texas lawmakers are preparing ban all THC products including gummies, drinks and vapes.
The Senate Bill 3 would outlaw all consumable hemp products that contain any of cannabinoid, known as delta-8, with those found in possession facing fines and even potential jail time for repeat offenses.
Non-intoxicating CBD, which is used to treat chronic pain and insomnia, would not be affected.
May 23, 2025 at 01:34 PM EDT
Poland’s deputy economy minister says Trump’s new tariffs just another step in negotiations
Poland's deputy economy minister Michal Baranowski told reporters on Friday that he believes President Donald Trump's threats to impose a 50 percent tariff on the European Union is just part of the negotiations.
"I am sure we will get a good deal," Baranowski said, adding that he sees it "as another step in our negotiations that in the end, I truly hope, will result in a good agreement that is balanced and fair for both sides."
May 23, 2025 at 01:25 PM EDT
Ex-Trump adviser fact-checks ‘white genocide’ claim—’Just not true’
Former national security adviser John Bolton said Friday that the claim of a government-backed campaign to kill white farmers in South Africa is "just not true."
The repeated claims of a so-called "white genocide" in South Africa have affected U.S. foreign policy decisions, including President Donald Trump's approval for Afrikaner resettlement in the United States. The controversy also spotlights broader debates about crime, race, and misinformation in both South Africa and the U.S., raising questions about how political narratives can shape immigration and diplomatic policy.
Bolton, who was national security adviser during Trump's first term, told CNN that individuals he queried inside the National Security Council (NSC) found no evidence to support allegations of systematic killings or land seizures targeting white farmers, providing an antithetical perspective to the assertions made by Trump during a tense White House meeting with South African President Cyril Ramaphosa on Wednesday.
"I don't profess to be an expert on South Africa, so I asked experts on the staff of the NSC, what's up with this killing of white farmers, displacement, seizure of their lands?" Bolton said. "And they came back and said, there's nothing. It's just not true."
Read in full from Nick Mordowanec on Newsweek.
May 23, 2025 at 12:08 PM EDT
Judge deals blow to Trump admin’s latest move against Harvard
On Friday, a U.S. judge halted the Trump administration's attempt to strip Harvard University of its ability to enroll international students—an action seen as part of broader efforts by the White House to align academic institutions with President Donald Trump's policy agenda.
Harvard filed a complaint earlier Friday in federal court in Boston, denouncing the move as a "blatant violation" of the U.S. Constitution and federal law. The university warned that the decision would have an "immediate and devastating effect" on both the institution and more than 7,000 students on visas.
May 23, 2025 at 12:07 PM EDT
Beijing vows to ‘firmly defend’ Chinese students after Harvard ban
Beijing has vowed to "firmly defend the legitimate and lawful rights and interests" of Chinese students overseas after the Trump administration banned Harvard from enrolling international students.
The order also means that current international students must transfer or face being ejected from the U.S.
"What the U.S. seeks to do will undoubtedly hurt its own image and reputation in the world," Foreign Ministry spokesperson Mao Ning said at a regular briefing on Friday.
Around 7,000 of Harvard's 25,000 students are international with about 1,200 from China.
The Department of Homeland Security said yesterday, as part of the ban announcement, it was punishing Harvard for "coordinating with the Chinese Communist Party."
May 23, 2025 at 11:41 AM EDT
Iran-US talks made ‘some but not conclusive progress’: Omani mediator
Oman's foreign minister said that Friday's Iran-U.S. negotiations, in Italy, has made "some but not conclusive progress."
"The fifth round of Iran US talks have concluded today in Rome with some but not conclusive progress," Badr al-Busaidi wrote in a post on X, formerly Twitter.
"We hope to clarify the remaining issues in the coming days, to allow us to proceed towards the common goal of reaching a sustainable and honourable agreement."
Iranian and American officials offered no immediate comment about the fifth round of talks.
May 23, 2025 at 11:26 AM EDT
Donald Trump’s approval rating increasing with Democrats: Poll
Donald Trump is seeing a surprising uptick in support from Democratic voters, according to a new poll.
The latest Quantus Insights poll, conducted between May 18-20, shows that Trump is up 4 points among Democrats, with 11 percent approving of his job performance, up from 7 percent in an April poll. His disapproval rating also dropped from 91 to 87 percent.
The poll also showed that Trump's approval rating has received a 5-point boost from Black voters, with 27 percent approving of his job performance, up from 22 percent. His disapproval among this demographic dropped by 2 points to 64 percent. Among every other demographic polled, Trump's approval rating did not change significantly.
Both polls had a margin of error of ± 3.1 percentage points.
Read in full from Martha McHardy on Newsweek.
May 23, 2025 at 11:16 AM EDT
JD Vance tells graduating students Trump has ended decades-long foreign policy approach
Vice President JD Vance tells graduating students at the United States Naval Academy in Annapolis, Maryland, Friday, that President Donald Trump has ended a "decades-long approach in foreign policy."
"We had a long experiment in our foreign policy that traded national defense and the maintenance of our alliances, for nation building and meddling in foreign countries' affairs," Vance said during his commencement address.
"What we are seeing from President Trump is a generational shift in policy with profound implications for the job that each and everyone of you will be asked to do."
May 23, 2025 at 11:07 AM EDT
Vice President JD Vance gives commencement address to at US Naval Academy.
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Vice President JD Vance has given the commencement address to graduating students at the United States Naval Academy in Annapolis, Maryland, Friday.
The president and vice president traditionally speak at one of the military service academies every year.
Trump is scheduled Saturday to speak at West Point's commencement.
After graduating from high school, Vance enlisted in the U.S. Marine Corps and served for four years.
He became the first veteran to serve on a major party presidential ticket since John McCain in 2008.
Former President George W. Bush, who left office in 2009, was the last sitting president who had served in the military.
May 23, 2025 at 10:55 AM EDT
How US mortgage rates change if Trump takes Fannie Mae, Freddie Mac public
President Donald Trump's plan to privatize mortgage giants Fannie Mae and Freddie Mac risks pushing U.S. homeowners' monthly payments even higher, experts told Newsweek, further exacerbating the affordability crisis in the country.
The president said in a post on Truth Social on Wednesday that the time now seemed "right" for such a move, which he previously attempted in 2019, at the end of his first administration. But experts fear that the move, though it offers an opportunity for the federal government to receive a much-needed injection of cash, would disrupt the already fragile U.S. housing market.
Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis of 2008, nearly 17 years ago. Trump has long wanted to make them private businesses again and promised to follow through if elected in 2024.
Read in full from Giulia Carbonaro on Newsweek.
May 23, 2025 at 10:50 AM EDT
Bessent says he ‘respect’s Sen. Johnson’s position’ after senator slams Trump bill
Treasury Secretary Scott Bessent said on Friday that he understands Republican Sen. Ron Johnson's position after the Wisconsin senator slammed Trump's "big, beautiful bill."
Sen. Johnson told reporters Thursday that the bill, which passed the House in the early hours of Thursday morning was "completely unacceptable to me."
When he was told that President Donald Trump had said he would be upset if he got Republican pushback on the bill in the Senate, he responded, "I couldn't care less if he's upset, I'm concerned about my children, my grandchildren. The fact that we are stealing from them."
"I respect Sen. Johnson's position that we have to get our finances in order and that's a combination in controlling spending and growing the economy," Bessent said on Fox News Friday.
"I'm aligned with Ron with fixing it, we just have to be careful on timing."
Bessent added that he was still confident that the U.S. could grow its economy and control its debt simultaneously to avoid deepening the deficit.
"We can grow our way our of this," he added.
May 23, 2025 at 10:32 AM EDT
Belgian princess left in doubt about her Harvard future
Belgium's Royal Palace said Friday that Princess Elisabeth's future at Harvard may be in doubt after the Trump administration announced a ban on foreign students at the university.
"We are looking into the situation, to see what kind of impact this decision might have on the princess, or not. It's too early to say right now," the palace's communications head, Xavier Baert, told Associated Press.
Princess Elisabeth, aged 23, and who is first in line to the throne, has completed her first year of a graduate school program at Harvard and is spending the summer back in Belgium.
"And we'll have to see what happens next year," Baert said.
May 23, 2025 at 10:15 AM EDT
Crowd’s response to Howard Lutnick’s price rise question goes viral
A crowd rejected Commerce Secretary Howard Lutnick's remark that Americans are experiencing "no pain" over tariffs, and footage of the exchange has taken off online.
Newsweek has contacted the Department of Commerce for comment outside regular working hours.
Speaking at Axios' Building the Future event in Washington on Wednesday, Lutnick said of the tariffs: "This is on since April. It's not that the tariff is coming; it's on."
"Have any of you felt any of it?" Lutnick asked, to which several audience members responded with an audible "yes."
The footage has gathered thousands of views on social media. In the full conversation posted on Axios' YouTube channel, the audience's response is more muted than in the widely shared clip, though it remains audible.
Read in full from Hugh Cameron on Newsweek.
May 23, 2025 at 10:11 AM EDT
Secretary general of ICC warns new tariffs will disrupt supply chains, chill investments
John Denton, Secretary General of the International Chamber of Commerce, told Newsweek that the new tariffs will introduce "major uncertainty into one of the most stable and integrated trade relationships in the world."
Denton warned that uncertainty is likely to have a chilling effect on the markets, and investment decisions around the globe.
"The immediate effect — for businesses on both sides of the Atlantic — will be to further chill investment decisions, disrupt essential supply chains and undermine market confidence," said the secretary general of the ICC, the world's largest representative business organization.
"The transatlantic relationship is not only of immense economic importance — it is, in many ways, the cornerstone of the rules-based global trading system.
A sharp escalation in tariffs between two central pillars of the global economy risks sending shockwaves through the global business community at a time when stability is at an absolute premium."
Denton says the ICC is calling on the U.S., and the E.U., to "redouble ongoing efforts to renew their trade relationship."
"A swift and coordinated de-escalation is essential to preserve the trust and stability that underpin international commerce, business investment and job creation."
May 23, 2025 at 09:51 AM EDT
Stock Market sinks after Trump threatens tariffs on Apple, EU
Stock markets were down at the opening bell on Friday after President Donald Trump said he wanted to impose a 50-percent tariff on the European Union and a new 25-percent tariff on iPhone maker Apple.
The S&P 500 was down around 1.1 percent, the Nasdaq Composite down 1.6 percent, and the Dow Jones Industrial Average by just under one percent minutes after markets opened.
Apple stock, meanwhile, fell 2.6 percent in early trading Friday.
Less than an hour before markets opened, Trump complained that the EU had been "very difficult to deal with" in a post to Truth Social, and described the current U.S. trade deficit with them as "totally unacceptable." The president said that the trade deficit had grown to "more than $250,000,000 a year," higher than the official figure provided by the Office of the U.S. Trade Representative for 2024 - $235.6 billion.
May 23, 2025 at 09:50 AM EDT
Treasury secretary says new tariffs will ‘light a fire under the EU’
Treasury Secretary Scott Bessent has shared why President Trump has announced the 50 percent new tariffs on the European Union (E.U.).
Bessent, during a Friday appearance on Fox News, said that Trump believes that the trade proposals from the E.U. have not "been of the same quality that we've seen from our other important trading partners."
He added that he had seen "very interesting proposals" put forward by trading partners in Asia, and they had already made a deal with the U.K., but they'd been disappointed by the E.U. negotiations.
"I would hope that this would light a fire under the E.U." he added.
May 23, 2025 at 09:24 AM EDT
Japan’s PM says he held phone call with Trump on trade Friday
Japan's Prime Minister Shigeru Ishiba has said he had a "productive" call with President Donald Trump on Friday to discuss trade.
Ishiba told reporters that he had reminded Trump that Japan is calling for the U.S. to lift all its new tariffs on Japanese imports. He said that Trump had not directly responded to that point.
"I expressed my expectations for productive discussion to be held, and we agreed," Ishiba added.
Japan's Economic Revitalization Minister Ryosei Akazawa is headed to Washington shortly for a third round of talks with his U.S. counterparts.
May 23, 2025 at 09:12 AM EDT
Trump voter saying GOP ‘blew it’ goes viral
A voter who has indicated previous support of Donald Trump and the Republican Party has gone viral after saying the GOP "blew it."
Posting on X, formerly Twitter, Matt Van Swol, a former nuclear scientist blasted the GOP for failing to codify cuts made to the federal government by Trump's new agency, the Department of Government Efficiency (DOGE) and said the party had lost his trust.
"I'm done with the GOP. You've lost me. You had your chance and you f****** blew it...I was SO excited for this administration because of the promise of DOGE...but then I watched as the GOP do NOTHING while Elon's businesses were bombed and Teslas were vandalized.
Read in full from Kate Plummer on Newsweek.
May 23, 2025 at 08:59 AM EDT
Harvard sues Trump admin over foreign students ban
Harvard is suing the Trump Administration after it moved to ban international students from the college, which drastically escalated their ongoing dispute.
Homeland Security Secretary Kristi Noem instructed her department to terminate Harvard's Student and Exchange Visitor Program (SEVP) certification.
It means the college will not be able to enrol new international students, and those enrolled must transfer, a financial hammer blow. More than a quarter of its students fall into this category.
"We condemn this unlawful and unwarranted action," Harvard President Dr. Alan M. Garber said in a letter to the college community, The New York Times reported.
"It imperils the futures of thousands of students and scholars across Harvard and serves as a warning to countless others at colleges and universities throughout the country who have come to America to pursue their education and fulfill their dreams."
May 23, 2025 at 08:58 AM EDT
Wall Street futures plummet as Trump reignites trade war
Stock futures fell sharply on Friday after President Donald Trump reignited his trade war with a series of new tariffs.
Trump announced plans to impose a 25% tariff on Apple unless it began manufacturing iPhones in the United States, and a 50% tariff on goods European Union imports, beginning June 1.
Dow futures dropped 1.4 per cent, or more than 600 points, before the markets opened, with S&P 500 futures down 1.4 percent, and Nasdaq futures fell 1.8 percent.
May 23, 2025 at 08:40 AM EDT
Michelle Obama reacts to Donald Trump tariffs
Former first lady Michelle Obama spoke out about President Donald Trump's sweeping global tariffs during the newest episode of her podcast, IMO with Michelle Obama and Craig Robinson.
On Wednesday's episode of IMO with Michelle Obama and Craig Robinson—a new podcast Obama hosts with her older brother, Craig Robinson—the siblings spoke with Airbnb co-founder and CEO Brian Chesky about the future of businesses and young entrepreneurs under Trump's administration.
"When you talk about the next generation of entrepreneurs, that brings to mind the current financial instability that we're experiencing," Obama said, noting that it's "going to be harder" for the next generation to "get the foothold" Chesky and his co-founders experienced.
Airbnb was founded by Chesky, Nathan Blecharczyk and Joe Gebbia in 2007, and at the time, "there was capital everywhere, people were investing, and there was a hunger for this new technology," Obama said.
Read in full from Megan Cartwright on Newsweek.
May 23, 2025 at 08:29 AM EDT
WATCH: India says it’s ready to ramp up oil imports from U.S.
May 23, 2025 at 08:25 AM EDT
Trump announces plans to impose 50 percent tariff on EU next month
President Trump took to this Truth Social social media platform on Friday, to vent his frustration over the trade negotiations with the European Union.
In an early morning post, he announced that he would be imposing a 50 percent tariff on all EU goods, starting from June 1, after he complained that "discussions with them are going nowhere."
"The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump wrote. "Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.
"I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. "
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