US Edition
Trump recommends 50% tariff on European Union starting June 1
- President Donald Trump proposed imposing a 50% tariff on products coming from the European Union beginning June 1, 2025, with an exemption for items produced within the United States.
- Trump's decision followed stalled trade negotiations and concerns over a roughly $236 billion U.S. Trade deficit with the 27 EU member states, which he called 'totally unacceptable'.
- The tariffs specifically threaten companies like Apple, as Trump demands iPhone production move to the U.S. And warns of at least a 25% tariff if it remains in Asia or India.
- Market reactions included European stock indexes falling 2.6% to 2.8% and U.S. Stock futures dropping over 1%, while analysts noted tariff costs could raise iPhone prices significantly, possibly hurting profits.
- EU officials expressed full support for preserving access to the American market despite the tariffs, while experts warn Trump's tactics highlight U.S. Unpredictability as a trading partner.
675 Articles
675 Articles
New Hampshire Union Leader
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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