BREAKING: Trump Threatens 50% Tariff on EU Starting June 1!
🇺🇸⚡🇪🇺🔥
President Donald Trump just announced a massive 50% tariff on all goods imported from the European Union due to stalled trade talks. This kicks off June 1 unless negotiations improve.
Key points:
🔹 Trump says talks “have gone nowhere”
🔹 Apple warned: Make iPhones in the US or face a 25% tariff! 🍏📱
🔹 Markets react sharply — Apple shares down 3%, Dow down 493 pts, Nasdaq down 1.7% 📉
🔹 Trump accuses EU of unfair trade practices causing a $250B US trade deficit 💸
Economic experts warn:
⚠️ Austan Goolsbee calls a 50% tariff “a completely different order of magnitude” — could cause stagflation (rising prices + slowing growth)
⚠️ Bond yields fall in Europe as investors seek safe havens
⚠️ Bitcoin dips to $108,500 after hitting $111K recently
⚠️ Gold surges over 50% to $3,351.15 — safe haven alert! 🪙
What this means:
Trade tensions are heating up — could impact global markets, crypto, and your portfolio! Stay alert, stay informed.
