U.S. President Donald Trump announced plans to significantly increase tariffs on European Union (EU) imports, stating that a 25% levy would broadly apply. During a cabinet meeting, he criticized the EU, claiming it was “formed to screw the United States,” and emphasized the decision would be finalized shortly. “We’ve made a decision, and we’ll be announcing it very soon. It’ll be 25%,” Trump declared, signaling an escalation in trade tensions with the bloc.