#TrumpTariffs
As of May 27, 2025, President Donald Trump has implemented several significant tariff measures impacting global trade and major corporations:
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๐ฑ 25% Tariff Threat on Apple and Samsung Devices
President Trump has announced a potential 25% tariff on all smartphones manufactured outside the United States, specifically targeting Apple and Samsung. This move aims to encourage these companies to relocate their production facilities to the U.S. The threat follows Apple's expansion of its manufacturing operations in India, a decision that has drawn Trump's disapproval. However, shifting smartphone manufacturing to the U.S. presents significant challenges due to infrastructure, supply chain, and cost concerns.
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๐ช๐บ EU Tariffs Delayed Amid Ongoing Negotiations
President Trump has postponed the implementation of a proposed 50% tariff on European Union (EU) imports until July 9, 2025, to allow time for negotiations. This decision came after discussions with European Commission President Ursula von der Leyen, who expressed a desire for serious negotiations. The EU has suspended its retaliatory tariffs on โฌ21 billion worth of U.S. goods, but these will take effect on July 14 if no agreement is reached.
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๐ ASEAN Seeks Unified Approach to U.S. Tariffs
At the annual ASEAN summit in Kuala Lumpur, Malaysian Prime Minister Anwar Ibrahim emphasized the need for Southeast Asian nations to present a unified stance in response to U.S. tariffs. The tariffs significantly impact exports from the region, ranging from 10% for Singapore to 49% for Cambodia. ASEAN has formed a task force to coordinate a common response, while some members pursue bilateral talks.