Trump recommends 50% tariff on European Union starting June 1
- President Donald Trump threatened a 50% tariff on European Union imports starting June 1, citing stalled trade talks and frustration with negotiations.
- Trump's tariff threat followed his pause on tariffs with China and others, as he aimed to press the EU amid unresolved trade discussions.
- European stocks fell sharply with France's CAC 40 losing about 1.7%, while U.S. Indexes also declined, led by heavy tech losses including Apple dropping over 2.5%.
- Trump warned Apple must pay at least a 25% tariff if it does not move production to the U.S., extending tariffs to all foreign-made smartphones including Samsung.
- The tariff threat unsettled markets, increasing uncertainty that led companies like Deckers Outdoor to withhold full-year forecasts and could depress economic growth.
630 Articles
630 Articles


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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