Trump Threatens Major New Tariffs on EU and Apple
President Donald Trump has reignited global trade tensions by threatening to impose a 50% tariff on all imports from the European Union and a 25% tariff on Apple products unless iPhones are manufactured in the United States. Trump announced these plans via social media, citing stalled trade negotiations with the EU and expressing frustration over what he called "powerful trade barriers" and a massive trade deficit with Europe.
The proposed tariffs would take effect June 1, 2025, unless the EU and Apple comply with Trump’s demands. The announcement caused immediate turmoil in global markets, with major drops in stock indices and significant declines for shares of Apple and European luxury brands.
Trump’s move marks a sharp escalation in his trade strategy, targeting not only China but now key US allies and major American companies. Experts warn that these tariffs could increase prices for US consumers and make domestic manufacturing more difficult, while also risking retaliation from trading partners.
The EU has not yet issued a formal response, awaiting high-level talks with US trade officials. Meanwhile, uncertainty remains high as Trump’s trade threats have already disrupted previous market optimism and raised concerns about the stability of global trade agreements.