Hello and welcome to NewsHour, live from the BBC World Service in London.
I'm Rebecca Kesby.
President Trump has changed his policy on EU tariffs again.
Today, via social media,
he indicated that he plans to hit all goods imported into the United States from the European Union with 50% tariffs,
starting on June 1st.
Last month, he originally set the tariff at 20%.
That was then scaled back to 10% to allow time for talk, said Mr Trump at the time.
But today, he exclaimed in a post, quote, our discussions are going nowhere.
While the comment comes just ahead of scheduled trade talks between the two sides,
this is what the US Treasury Secretary Scott Besant said when he was speaking to Fox News today.
Many of the Asian countries have come with very good deals.
So there are 18 important trading partners.
And I would say with the exception of the EU, most are negotiating in very good faith.
These deals are moving quickly.
And I think as we approach the end of the 90-day period,
we're going to see more and more of them announced.
We'll hear more on those EU tariffs in just a few minutes.
But Mr Trump also threatened today to impose a 25% import tax on iPhones
because they're not manufactured in the US.