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: As of May 23, 2025, former President Donald Trump has announced significant new tariffs, escalating trade tensions with the European Union and Apple Inc.:

🇪🇺 50% Tariff on EU Imports

President Trump declared a 50% tariff on all European Union (EU) imports, effective June 1. He cited stalled trade negotiations and accused the EU of exploiting the U.S. market. Trump stated that these tariffs could be avoided if EU firms relocate their operations to the U.S. [1]

📱 25% Tariff on Apple Products

Trump also threatened a 25% tariff on iPhones and other Apple products manufactured outside the U.S., urging Apple to shift production domestically. This announcement led to a nearly 3% drop in Apple's stock during premarket trading. [2]

📉 Market Impact

The stock market reacted negatively to these announcements:

- *Dow Jones Industrial Average*: fell approximately 300 points (0.8%)

- *S&P 500*: dropped 1%

- *Nasdaq Composite*: decreased by 1.3% [2]

European markets also experienced significant declines, with Germany's DAX index falling 2.1%.

🇪🇺 EU Response

: The European Union is preparing countermeasures, including a €21 billion tariff package and consultations on an expanded €95 billion list of U.S. goods. EU trade commissioner Maros Sefcovic emphasized the need for mutual respect and reiterated the EU’s commitment to a fair deal. [1]

These developments underscore escalating trade tensions and their potential to disrupt global markets and supply chains.

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