Trump Threatens 50% Tariffs on EU Goods, iPhone Tax Looms

Trump's Trade War Escalates: 50% Tariff Threat Against the EU Former US President Donald Trump has escalated his trade war with the European Union, threatening to impose a 50% tariff on all goods imported from the EU starting June 1, 2025. The announcement, made via his Truth Social media platform, follows months of strained trade negotiations between the US and the EU. Trump claims the EU has engaged in unfair trade practices, including imposing trade barriers and taxes on American companies. "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump posted. "Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025." This dramatic escalation raises concerns about potential retaliatory measures from the EU and the wider impact on global trade. The threat extends beyond general tariffs, as Trump also indicated a 25% tariff on iPhones if Apple does not shift manufacturing to the US. Economists predict significant market disruptions and potential inflationary pressures if these tariffs are implemented. The announcement underscores the ongoing tensions between the US and the EU, highlighting the complexities of international trade relations and the unpredictable impact of political decisions on global markets. The situation remains fluid, with both sides expected to respond in the coming days and weeks.