President Trump said the European Union has been directly targeting U.S. companies and that his administration will not tolerate it. He said the U.S. will immediately initiate a Section 301 investigation into EU actions that "plunder" American firms and harm U.S. taxpayers, that EU penalties will be fully reversed, and that the U.S. expects to impose large tariffs on the EU at the earliest opportunity.

2026-07-25

President Trump said the European Union has been directly targeting U.S. companies and that his administration will not tolerate it. He said the U.S. will immediately initiate a Section 301 investigation into EU actions that "plunder" American firms and harm U.S. taxpayers, that EU penalties will be fully reversed, and that the U.S. expects to impose large tariffs on the EU at the earliest opportunity.