Trump had threatened on Friday to invoke the steep tariffs as soon as June 1, saying talks with the European Union over his previous levies were “going nowhere.”
“And I agreed to do that,“ he added.
“Europe is ready to advance talks swiftly and decisively,“ said the president of the European Commission, which conducts trade policy for the 27-nation bloc.
But Trump’s threat on Friday dramatically raised the stakes.
German Finance Minister Lars Klingbeil separately on Sunday called for “serious negotiations” with Washington, saying he had spoken with his US counterpart Scott Bessent about the matter.
“The US tariffs endanger the US economy just as much as the German and European economy,“ Klingbeil warned.
The EU’s trade chief Maros Sefcovic, who held talks with his US counterparts on Friday, responded to Trump’s latest outburst by saying the bloc was “committed to securing a deal” but that trade ties should be based on “mutual respect, not threats”.
The US trade deficit in goods with the European Union was $236 billion in 2024.
But when taking account of services, where American firms are dominant, the European Commission calculates that the US trade deficit stood at 50 billion euros ($57 billion).
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