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EU calls for 'respect' after Trump threatens 50% tariffs

  • On May 23, 2025, U.S. President Donald Trump threatened a 50% tariff on all European Union goods starting June 1, except products made in the U.S.
  • This threat followed stalled trade talks, with the U.S. Demanding unilateral concessions while the EU sought a mutually beneficial agreement based on respect, not threats.
  • Trump threatened to impose a 25% import tax on Apple devices unless they are manufactured within the United States, highlighting challenges related to the company's intricate Asian production networks and efforts to relocate manufacturing.
  • Following the announcement, U.S. Stock indices fell over 2% for the week, Apple shares dropped 3%, and market volatility increased amid heightened trade uncertainty.
  • The European Commission reaffirmed its preference for negotiated solutions but warned it stands ready to defend its interests if talks fail, signaling potential countermeasures ahead.
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El Diario Montañes broke the news in on Friday, May 23, 2025.
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