Trump threatens the European Union by 50 % tariff – as Apple faces 25 % unless iPhone devices are made in the United States | United States news
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Donald Trump threatened to impose a 50 % tariff on the European Union, starting next month, after he said commercial talks with Brussels “do not go anywhere.”
Mr. Trump made comments on the social truth platform.
It represents a new escalation in its commercial ranks with the European Union, which he previously accused of establishing the establishment of the United States.
While the United States may deal with UK and China To reduce their peak in its trade war, the President’s threat to the European Union, which will cover all the European Union imports, would risk reprisal measures from Brussels if implemented.
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“Our discussions with them do not go anywhere!” Said Mr. Trump on the talks between his administration and the European Union. Therefore, I recommend 50 % directly tariff In the European Union, starting from June 1, 2025, there is no tariff if the product is built or manufactured in the United States. “
The European Commission has not yet responded to the notes. Officials indicated that there will be no comment even after a call between the best American trade numbers and the European Union later on Friday.
Financial markets, however, were fast to take a view. European stock markets decreased sharply in all fields.
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FTSE 100 in London was less than 1.2 % shortly after the appearance of the Sowcial Truth function, while Dax in Germany and French CAC 40 were red to more than 2 %.
American stock markets fell into the open in Wall Street. The Nasdaq Stock Exchange, which focuses on technology, has decreased by more than 1 %.
The possibility of damage to the global economy has seen Brent crude oil by more than 1 % to $ 63 a barrel.
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“We lose” the trade war
The dollar achieved great success, as the news increased only from the current market fears this week regarding the sustainability of US government debt levels.
The pound was trading at the levels that were last seen in February 2022.
Mr. Trump said earlier that Apple would have to pay a 25 % tariff on its iPhone unless all its manufactures are transferred to the United States.
Apple shares decreased by more than 2 % in pre -market trading after the warning, as published on Truth Social.
“I have long reported Tim Cook from Apple that I expect it to be manufactured and built on iPhone devices that will be sold in the United States of America,” the president wrote.
“If not, a tariff should be paid at least 25 % by Apple to the United States.”
The main Apple production occurs primarily in China and India, which was the issue of Mr. Trump repeatedly.
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On Thursday, the Financial Times reported that Apple plans to expand the supply chain in India through a main contractor.
The Taiwanese company Foxconn plans to build a new factory in the Indian state of Tamil Nadu, according to the paper, to help supply Apple.
Sky News Apple called for comment.
