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Trump recommends 50% tariff on European Union starting June 1

  • President Donald Trump announced on May 23, 2025, via Truth Social that he plans to impose a 50% tariff on products coming from the European Union beginning June 1, 2025.
  • Trump justified the tariff by citing a ‘‘totally unacceptable’’ U.S. Trade deficit with the EU’s 27 member states and criticized slow progress in trade talks.
  • Trump specifically threatened Apple with at least a 25% tariff if iPhones sold in the U.S. Are not manufactured domestically, urging CEO Tim Cook to shift production from Asia to the U.S.
  • German Foreign Minister Johann Wadephul called such tariffs harmful, saying ‘‘tariffs help no one’’ and would hurt economic development in both markets, while analysts doubt Apple can quickly relocate manufacturing.
  • Markets reacted negatively with European indexes dropping over 2%, and U.S. Stocks falling after Trump’s posts, raising concerns about a potential worsening of trade tensions and economic consequences.
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hna.dehna.de
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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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  • 52% of the sources are Center
52% Center
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The New Republic broke the news in on Friday, May 23, 2025.
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