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Trump recommends 50% tariff on European Union starting June 1

  • On May 23, 2025, President Donald Trump proposed imposing a 50% tariff on goods coming from the European Union, effective June 1, 2025, except for items produced within the United States.
  • Trump's tariff recommendation follows stalled trade talks and his demand that companies like Apple manufacture iPhones sold in the U.S. Domestically, not in India or elsewhere.
  • Apple and other firms face uncertainty since shifting production to the U.S. Is challenging due to entrenched supply chains in Asia and unpredictable U.S. Trade policies.
  • Economists and officials argue the EU's negotiating strategy has failed, and tariffs could harm both economies, while Trump views the trade deficit with the EU's 27 states as unacceptable.
  • The tariff threat unsettled markets, causing stock declines in the U.S. And Europe, and suggests increased tensions that might delay trade progress or provoke further economic strain.
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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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The New Republic broke the news in on Friday, May 23, 2025.
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