Trump Expands EU Tariff Threat to All Smartphones

President Donald Trump has threatened to impose a 50% tariff on all imports from the European Union starting June 1, 2025, due to stalled trade negotiations and what he calls unfair EU practices. He also announced a 25% tariff on smartphones manufactured outside the US, expanding the threat from just Apple iPhones to include other makers such as Samsung. The announcements triggered significant declines in European stock benchmarks and US indices like the S&P 500 and Nasdaq, with Apple shares dropping over 2%. European leaders, caught off guard, warned of possible retaliatory measures in response. Trade experts are debating whether the tariffs will be fully enacted, while Trump maintains they will benefit US businesses. The escalation has increased market uncertainty as investors brace for more volatility in 2025.