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Trump recommends 50% tariff on European Union starting June 1

  • On May 24, 2025, President Donald Trump announced on social media that he recommends imposing a 50% tariff on European Union imports starting June 1.
  • Trump made this threat amid stalled trade talks with the EU, frustration over slow negotiations, and ongoing pressure on companies like Apple to move production to the U.S.
  • Following the announcement, U.S. Stock indexes fell, with the S&P 500 dropping as much as 1.3%, while European markets also declined, including France’s CAC 40 down 1.7%.
  • Trump warned Apple must pay a 25% tariff unless it relocates iPhone production to the U.S., and Walmart's CEO said ongoing tariffs would pressure profitability if maintained.
  • The tariff threat has increased market uncertainty and could slow U.S. Economic growth if implemented, while analysts note continued volatility and unclear timing of trade outcomes.
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hna.dehna.de
+8 Reposted by 8 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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