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Trump recommends 50% tariff on European Union starting June 1

UNITED STATES, MAY 24 – Trump cites a large U.S. trade deficit and stalled EU negotiations as reasons for imposing steep tariffs, threatening Apple with a 25% tax unless iPhones are made domestically.

  • President Donald Trump proposed imposing a 50% tariff on goods imported from the European Union across the United States, effective June 1, 2025.
  • Trump proposed tariffs after trade talks stalled, emphasizing that the U.S. deficit of $236 billion in trade with the European Union's 27 countries is unacceptable.
  • Trump specifically threatened Apple with a 25% tariff if it continues making iPhones abroad, pressuring the company to move production to the U.S. and criticizing its expansion in India.
  • Analysts estimate that a U.S.-made iPhone's price could rise from $1,200 to between $1,500 and $3,500, while EU leaders warn tariffs would damage both economies and global trade.
  • The tariff threat may be a negotiating tactic as Trump stated he is not seeking a deal but could delay tariffs if more companies invest in the U.S., intensifying uncertainty around trade relations.
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KSLKSL
+4 Reposted by 4 other sources
Center

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 may slap a 25% levy on all iPhones bought by U.S. consumers.

·Salt Lake City, United States
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hna.dehna.de
+8 Reposted by 8 other sources
Center

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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