Trump Plans 50% Tariff on EU Imports from June Amid Talks Breakdown

Former President Donald Trump has threatened to impose a 50% tariff on all goods from the European Union starting June 1, 2025, citing stalled trade negotiations between the U.S. and the EU. His announcement, made on Truth Social, immediately rattled European stock markets and U.S. futures, causing significant drops in indices across Germany, France, and the UK. Trump also warned that Apple will face a 25% tariff on iPhones unless it moves production to the U.S., impacting Apple shares and raising concerns over global supply chains. The EU, America's second-largest trading partner, exported over $550 billion in goods to the U.S. in recent years, and the sudden tariff threat signals an escalation in transatlantic trade tensions. Meetings between U.S. and EU trade officials were scheduled following the announcement, but the European Commission did not immediately comment. This move is part of Trump's broader strategy to pressure both the EU and major corporations like Apple to shift manufacturing and address perceived trade imbalances.