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From the opinion pages of the Wall Street Journal, this is Potomac Watch. President Trump issues another

trade threat, this time for 50% tariffs on Europe, which lasts all of two days before he issues

another pause. Meantime, he says iPhones made in India could face a 25% U.S. border tax, as Trump also seems to reverse course on a

Japanese purchase of U.S. steel. Welcome, I'm Kyle Peterson with the Wall Street Journal. We're

joined today by my colleagues, Joe Sternberg, live in London, and editorial board member Manet Uquay Barua.

This was the tariff threat from Trump to Europe on Friday issued on Truth Social.

Our discussions with them are going nowhere.

Therefore, I am recommending a straight 50% tariff on the European Union, starting on June 1st, 2025. By Sunday, President Trump

said that he had spoken with President of the European Commission and was putting that on

pause until July to provide more time for ongoing negotiations. Here is President Trump

today explaining what happened.

I gave the European Union a 50% tax tariff and they called up and they said, please,

let's meet right now, please let's meet right now. And I said, okay, I'll give you till you

nine. I actually asked them.

I said, what's to date?

...