๐ฅ BREAKING: $TRUMP Slaps 50% Tariff on EU Goods Starting June 1
President Donald Trump has reignited trade war fears with a bold announcement: a 50% tariff on all goods imported from the European Union will go into effect on June 1st ๐.
Hereโs what you need to know:
๐ง Tariff Trigger: Trump says the EU has been โvery difficult to deal withโ and cites a $250B trade deficit ๐ฐ, blaming unfair trade practices like high import barriers and VAT taxes.
๐ฑ Apple in the Crosshairs: Trump also threatened a 25% tariff on Apple iPhones made outside the U.S., pressuring the tech giant to bring production home ๐ญ.
๐ Market Shock: Financial markets responded swiftly:
S&P 500 fell -0.9%
Nasdaq dropped -1.5%
European markets also turned red ๐ป
๐ช๐บ EUโs Next Move: The European Commission hasnโt officially responded yet, but talks with U.S. Trade Representative Jamieson Greer are expected soon.
This hardline stance reintroduces major uncertainty to global markets ๐, shakes investor confidence ๐จ, and could trigger a new economic standoff between two of the worldโs largest economies โ๏ธ.
The trade war may officially be back. ๐ฅ
