Trump's Trade Threats: Apple and EU Face Steep Tariffs

Trump's Trade Threats: 25% Tax on Apple, 50% on EU Imports President Donald Trump escalated trade tensions on Friday, issuing a stark warning to both Apple and the European Union. He threatened to impose a 25% tax on Apple products if the tech giant fails to manufacture iPhones within the United States. Simultaneously, he announced a 50% tariff on imports from the EU, effective June 1st. These actions are seen as a direct response to what Trump considers slow-moving trade negotiations with the EU. "Trump promised to tax Apple if iPhones aren't fully manufactured here in the US," reported Patricia Vasconcellos, SBT News correspondent in Washington. She further explained that the threat to the EU stems from a perceived lack of progress in ongoing trade talks. "He's also said he'll tax products from Europe by 50%, starting in June, because negotiations with the European bloc aren't advancing quickly enough." The threats highlight Trump's ongoing focus on protecting American jobs and businesses. The impact on consumers remains to be seen, with potential price increases for iPhones and other imported goods. However, the move could also stimulate domestic manufacturing and potentially shift Apple's production strategies.