President Trump departs the White Home on Might 22, 2025.
Kevin Dietsch/Getty Pictures
conceal caption
toggle caption
Kevin Dietsch/Getty Pictures
President Trump on Friday threatened on social media that he might impose a steep 50% tariff on imports from the European Union beginning June 1 due to an absence of progress in talks about commerce points.
Trump warned in a separate put up that he had “way back” informed Apple CEO Tim Prepare dinner that iPhones must be manufactured in america — “not India, or anyplace else” — or he would impose a tariff of not less than 25% on them. He didn’t give a selected date for when he would impose that tariff.
Trump had eased off on tariff threats since early April, when he introduced tariffs on practically each nation, solely to tug lots of them again every week later for what he described as a 90-day pause after inventory markets had plunged and economists warned of recession.
His preliminary charge for the EU on April 2 had been 20%. The EU had threatened countermeasures on the time.
Trump’s officers launched into talks with a sequence of nations searching for to barter decrease charges. However Trump mentioned negotiations with the European Union weren’t going nicely. “Our discussions with them are going nowhere! Subsequently, I’m recommending a straight 50% Tariff on the European Union, beginning on June 1, 2025,” Trump mentioned on social media.
Trump has lengthy complained about EU commerce obstacles, VAT taxes, financial coverage, and lawsuits in opposition to American corporations — and says he thinks it’s unfair the EU sells extra to america than it imports.
