Trump's Latest Tariff Measures

50% Tariff on EU Imports: On May 24, Trump announced a proposed 50% tariff on all European Union (EU) goods, citing a $235.6 billion trade deficit in 2024 and accusing the EU of exploiting the U.S. through trade barriers .

25% Tariff on Foreign-Made iPhones: Trump has declared that iPhones manufactured outside the U.S. and sold domestically will face a 25% tariff. Analyst Ming-Chi Kuo suggests that Apple may find it more cost-effective to absorb this tariff rather than relocating production .The Times of India

145% Tariff on Chinese Imports: A 145% tariff was imposed on Chinese imports, later reduced to 30% following a 90-day truce beginning May 12 .Kiplinger

🌍 Global Reactions and Economic Impact

EU's Response: EU leaders, including Ursula von der Leyen and Maroš Šefčovič, condemned Trump's aggressive stance, emphasizing the desire for negotiation over confrontation and warning of a detrimental trade war .

Impact on Medical Technology: Siemens Healthineers' advanced CT scanner, the Naeotom Alpha, faces potential cost increases due to tariffs, affecting U.S. hospitals' access to cutting-edge medical equipment .

Stock Market Volatility: The announcement of sweeping tariffs on April 2 triggered widespread panic selling across global stock markets, marking the largest global market decline since the 2020 crash .