US EditionTrump recommends 50% tariff on European Union starting June 1
- President Donald Trump announced over social media that starting June 1, 2025, he plans to impose a 50% tariff on goods imported from the European Union.
- Trump issued the tariff threats due to stalled trade talks with the EU, despite the EU proposing to cut tariffs to zero, and he stated he was not seeking a deal.
- The president also threatened a 25% tariff on all smartphones made abroad, pressuring Apple and Samsung to produce in the U.S., amid skepticism about shifting complex supply chains.
- Following Trump's announcements, U.S. Stock indexes fell sharply, with the S&P 500 down 0.7% and the Dow dropping 256 points as markets reacted to tariff uncertainty.
- The tariffs aim to reduce America's $54 billion trade deficit with the EU, but critics warn the measures could hurt profits and economic growth while casting the U.S. As an unreliable trading partner.
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669 Articles
New Hampshire Union Leader
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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