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Trump recommends 50% tariff on European Union starting June 1

  • President Donald Trump recommended a 50% tariff on European Union imports, potentially starting June 1, 2025, amid escalating trade tensions.
  • This move followed stalled trade talks with the EU and reflects ongoing frustration with companies like Apple over domestic production shifts and tariff compliance.
  • Stock markets reacted negatively, with the S&P 500 dropping 0.7%, Apple shares falling 3%, and European indexes like France's CAC 40 sliding 1.7% soon after the announcement.
  • Trump stated on Truth Social that tariffs could go into effect June 1 and insisted Apple must pay at least a 25% tariff if it does not move iPhone production to the U.S.
  • The tariff threat increased economic uncertainty, pressuring company profits and markets, with analysts viewing it as a significant but possibly negotiable headwind for the U.S. Economy.
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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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