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Trump Threatens More Tariffs on Social Media
- On Friday, President Donald Trump announced plans to impose a 50% tariff on all imports coming from the European Union, along with a 25% duty on smartphones that are not manufactured in the United States, using social media as his platform for the announcement.
- Trump made these threats due to frustration with stalled trade talks and the EU’s offer to eliminate all tariffs, while insisting on a 10% baseline tax.
- He targeted Apple for continuing to produce iPhones abroad and declared tariffs could begin as soon as the end of June despite EU efforts to negotiate.
- Trump said, "our discussions with them are going nowhere" and that the EU is "very difficult to deal with," while the tariff threat could impact $321 billion in trade.
- European leaders condemned the threat, investor fears rose, and Trump intends to advance tariffs on other imports, indicating ongoing trade tensions ahead.
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Trump threatens new 50% tariffs on EU and 25% on Apple
The stock market took a drop after President Donald Trump threatened to slap the European Union with a 50% tax on imports and tech giant Apple with a 25% tariff on smartphones. In another political battle, a federal judge blocked the Trump administration’s plan to ban international students from attending Harvard. NBC’s Yamiche Alcindor reports for Saturday TODAY.
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Total News Sources20
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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