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.
641 Articles
641 Articles


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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