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Trump recommends 50% tariff on European Union starting June 1

  • President Donald Trump, a Republican, proposed implementing a 50% tariff on goods imported from the European Union beginning June 1, 2025.
  • Trump grew frustrated with stalled trade negotiations with the EU, whose members proposed mutually cutting tariffs to zero, while Trump insisted on keeping a 10% baseline tariff.
  • Alongside imposing tariffs on European goods, Trump warned that Apple would face a 25% import tax on its products if iPhones sold in the U.S. Are not manufactured domestically, putting pressure on Apple's extensive Asian supply network.
  • Apple pledged $500 billion for domestic investment and AI development, but CEO Tim Cook acknowledged most iPhones sold in the U.S. Currently come from India, while analysts doubt a quick manufacture shift is feasible.
  • The tariff threats unsettled financial markets, sparked criticism from EU officials calling the strategy a failure, and underscored Trump's tactic of using high-stakes threats to force trade agreements.
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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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