Trump threatens 25% tariff on Apple iPhones and 50% on EU products starting June 1
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Now Trump threatens 50% tariffs on EU goods
- President Trump threatened a 25% tariff on Apple products imported to the US if they aren't manufactured domestically, and a 50% tariff on all goods from the EU starting June 1, 2025.
- He justified the EU tariff by citing an unfair trade deficit and various trade barriers, falsely claiming the EU was formed to exploit the US.
- The EU tariff threat impacts various goods, potentially increasing costs for American consumers, while excluding the UK.
- Trump's statement suggests importers and consumers bear the brunt of tariffs.
- These threats follow previous tariff disputes, notably with China, and contribute to economic instability and a US credit rating downgrade.