Trump Threatens Major Tariffs on EU Imports

Former President Donald Trump has threatened to impose a 50% tariff on all imports from the European Union to the United States starting June 1, 2025, citing stalled negotiations and concerns over trade barriers and deficits. The EU, overseeing trade policy for its 27 members, is seeking clarification and has warned of possible retaliation if the tariffs proceed. Trump has also targeted Apple, stating that iPhones not manufactured in the U.S. could face a 25% tariff as part of his effort to repatriate manufacturing and semiconductor supply chains. Financial markets reacted negatively, with declines in stocks and the euro amid fears of renewed trade tensions. The EU had previously proposed eliminating tariffs on industrial goods, but Trump insisted on maintaining a 10% baseline tariff, highlighting ongoing disagreements. Analysts warn that the tariffs could increase inflation, disrupt supply chains, and escalate transatlantic trade tensions.