The E.U. has pushed back against President Trump’s latest threat to impose a 50% import tariff on all E.U. goods, warning trade must be built on “respect."

Trade chief Maros Sefcovic said the EU is "ready to defend" its interests after Trump threatened 50% tariffs on the bloc.

President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations.