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Trump recommends 50% tariff on European Union starting June 1
- President Donald Trump proposed implementing a 50% tariff on goods imported from the European Union starting June 1, 2025.
- Trump made this threat after expressing frustration with the slow pace of trade discussions with the EU, which had suggested eliminating tariffs on both sides.
- He warned that Apple would face a tariff of at least 25% on its products unless the company shifts iPhone manufacturing to the United States instead of India or other countries.
- Analysts estimate a U.S.-made iPhone could increase from $1,200 to as much as $3,500 due to tariffs, while markets fell roughly 0.5% after Trump's tariff announcements.
- The tariff threats reflect Trump's approach to force trade concessions but have not yet yielded desired deals or domestic manufacturing, and EU officials warn such tariffs would harm both economies.
600 Articles
600 Articles
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…
Apple becomes Trump's latest target in trade war, threatens 25% on iPhones
President Trump threatened Apple CEO Tim Cook with a 25% tariff on iPhones unless the company makes them in the U.S. He also threatened to impose a 50% tariff on the European Union. NBC News' Christine Romans joins Katy Tur to report the latest on the trade war.
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