#TrumpTariffs Blitz: 50% EU Import Tax & Apple Production Shake-up

Donald Trump has intensified trade tensions with a 50% tariff on European Union imports, set to take effect on June 1, 2025. His administration argues that the EU’s trade policies, including VAT taxes and corporate penalties, unfairly disadvantage American businesses. The EU, in response, vows to defend its economic interests, urging negotiation over confrontation.

Additionally, Trump has threatened a 25% tariff on #iPhone unless Apple shifts production to the U.S.—a move that has already rattled investors, causing Apple’s stock to decline.

Global markets are feeling the pressure, with equities dropping and the dollar weakening as uncertainty looms over U.S. trade policy. Businesses and investors are bracing for potential economic ripples as the situation unfolds.