Trump recommends 50% tariff on European Union starting June 1
- On May 24, 2025, President Donald Trump threatened to impose 50% tariffs on European Union imports starting June 1, affecting U.S. And global markets.
- Trump made these threats on Truth Social, citing stalled trade talks with the EU and specifying tariffs would target all smartphones made abroad, including Apple and Samsung.
- Following the announcement, U.S. Stocks fell sharply with the S&P 500 dropping 0.7% and the Dow Jones losing 256 points, while European markets also declined, led by France's CAC 40 down 1.7%.
- Trump’s tariff threat contributed to market volatility amid ongoing trade war concerns, with companies like Deckers Outdoor withdrawing financial forecasts and Walmart warning of price increases due to tariffs.
- These developments suggest heightened trade tensions could disrupt supply chains and investor confidence, with tariffs possibly starting within a week and raising concerns of broader economic impact.
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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