Trump recommends 50% tariff on European Union starting June 1
- President Donald Trump recommended imposing a 50% tariff on imports from the European Union starting June 1, 2025, unless products are made in the U.S.
- Trump's announcement followed stalled trade negotiations and his frustration over the $54 billion trade deficit with the EU's 27 member states.
- Trump specifically pressed Apple CEO Tim Cook to move iPhone production to the U.S., threatening at least a 25% tariff on phones made abroad, including Samsung products.
- Economists and analysts called the EU and Germany's trade strategy a failure, with experts suggesting Trump's tariff threats aim to pressure for a deal despite risking economic harm.
- Markets reacted negatively to the tariff threats, with stock indexes falling and concerns rising about potential inflation, disrupted supply chains, and uncertain trade relations.
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Trump threatens new tariffs on European Union, Apple, reigniting trade fears
President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he
BBC World Service - Newshour, Trump threatens 50% tariffs on EU and 25% on iPhones
The warning against the EU came just hours before the two sides were set to have trade talks. Trump last month announced a 20% tariff on most EU goods, but had halved it to 10% until 8 July to allow time for talks. Also on the programme: A US judge has suspended the Trump administration's decision to block Harvard University from enrolling foreign students; and Sebastião Salgado, regarded as one of the world's greatest documentary photographers,…
Trump ‘not looking for a deal’ to avert 50 percent EU tariffs
President Trump is “not looking for a deal” with the European Union after vowing to impose 50 percent tariffs on goods from the bloc, he told reporters at the White House after Treasury Secretary Scott Bessent said the threat stemmed from EU officials’ failure to negotiate “in good faith.” “I'm not looking for a deal. I mean, we've set the deal. It's at 50 percent,” Trump said in response to a reporter’s question during a May 23 Oval Office even…
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