Trump Threatens Massive 50% EU Tariffs While Demanding Apple Make iPhones in America
President Donald Trump announced plans Friday for a 50% tariff on European Union imports and 25% on Apple products unless iPhones are manufactured in the United States. Trump shared his intentions on Truth Social, stating "Our discussions with them are going nowhere!" regarding EU trade talks. He announced the 50% EU tariff would begin June 1, 2025, adding "There is no Tariff if the product is built or manufactured in the United States." The proposed EU tariffs would exceed those on China, which were recently reduced to 30% to facilitate negotiations between Washington and Beijing. This approach contrasts with Trump aides' stated goal of isolating China while strengthening alliances. Trump has expressed frustration with stalled EU trade discussions. The EU proposed mutual tariff elimination while Trump maintains his 10% baseline import tax preference. German economist Marcel Fratscher criticized the EU's […]