💥 BREAKING: $TRUMP Slaps 50% Tariff on EU Goods Starting June 1
President Donald Trump has reignited trade war fears with a bold announcement: a 50% tariff on all goods imported from the European Union will go into effect on June 1st 📆.
Here’s what you need to know:
🔧 Tariff Trigger: Trump says the EU has been “very difficult to deal with” and cites a $250B trade deficit 💰, blaming unfair trade practices like high import barriers and VAT taxes.
📱 Apple in the Crosshairs: Trump also threatened a 25% tariff on Apple iPhones made outside the U.S., pressuring the tech giant to bring production home 🏭.
📉 Market Shock: Financial markets responded swiftly:
S&P 500 fell -0.9%
Nasdaq dropped -1.5%
European markets also turned red 🔻
🇪🇺 EU’s Next Move: The European Commission hasn’t officially responded yet, but talks with U.S. Trade Representative Jamieson Greer are expected soon.
This hardline stance reintroduces major uncertainty to global markets 🌍, shakes investor confidence 😨, and could trigger a new economic standoff between two of the world’s largest economies ⚔️.
The trade war may officially be back. 🔥
