Trump recommends 50% tariff on European Union starting June 1
- President Donald Trump recommended a 50% tariff on European Union imports starting June 1, announced via his Truth Social platform on May 24, 2025.
- Trump issued the tariff threat after stating trade talks with the EU were ineffective and criticized companies like Apple for not moving production to the U.S.
- The announcement caused U.S. And European stocks to fall sharply, with the S&P 500 down 0.7%, Apple’s stock dropping over 2.5%, and Europe’s CAC 40 losing around 1.7%.
- Analysts noted the tariffs could lower U.S. GDP by about 0.6% and raise prices, while market experts described the social media posts as negotiation tactics increasing market uncertainty.
- The tariff threat revived fears of a trade war escalation impacting global economies and kept investors cautious, with expectations equities remain volatile in coming weeks.
630 Articles
630 Articles


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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