#TrumpTariffs
Tariff Tensions Rise as US-EU Talks Approach
President Trump has reignited trade tensions by threatening a 50% tariff on all European Union goods and a 25% levy on iPhones not made in the U.S., just before key trade talks. The EU has not yet responded, though officials suggest they will stay firm. Trump cited stalled negotiations and a persistent trade imbalance as reasons for the move. Financial markets reacted negatively, with major U.S. and European indexes falling. Apple shares also dipped. Analysts believe the announcement may be a pressure tactic rather than a confirmed policy. Talks with EU representatives are expected to continue despite rising tensions.