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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.
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hna.dehna.de
+7 Reposted by 7 other sources
Center

Trump on Tariffs on EU Goods: Not Looking for a Deal

For weeks, the European Union and the US have been negotiating to avert high US tariffs. Now, the US President is threatening to impose tariffs of 50 percent - and at first, he does not show any distraction.

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  • 51% of the sources are Center
51% Center
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The New Republic broke the news in on Friday, May 23, 2025.
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