Washington DC, May 23 -- US President Donald Trump has proposed a sweeping 50 per cent tariff on all imports from the European Union, effective June 1.

Trump accused the EU of taking advantage of the United States through what he described as "powerful trade barriers."

Sharing a post on social media platform Truth Social, Trump wrote, "The European Union, which was formed for the primary purpose of taking advantage of the United States on trade, has been very difficult to deal with. Their powerful Trade Barriers, VAT taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a Trade Deficit with the US of more than $250,000...