Trump threatens 25% tariff on Apple, 50% penalty on EU as his trade war intensifies

President Donald Trump connected Friday threatened a 50% taxation connected each imports from the European Union arsenic good a 25% tariff connected Apple products unless iPhones are made successful America.

The threats, delivered implicit societal media, bespeak Trump's quality to disrupt the planetary system with a burst of typing arsenic good arsenic the world that his tariffs are not producing the capable commercialized deals helium is seeking oregon the instrumentality of home manufacturing helium has promised voters.

The Republican president said helium wants to complaint higher import taxes connected goods from the EU, a long-standing US ally, than from China, a geopolitical rival that had its tariffs chopped to 30% this period truthful Washington and Beijing could clasp negotiations. Trump was upset by the deficiency of advancement successful commercialized talks with the EU, which has insisted connected cutting tariffs to zero adjacent arsenic the president has publically insisted connected preserving a baseline 10% taxation connected astir imports.

"Our discussions with them are going nowhere!" Trump posted connected Truth Social. "Therefore, I americium recommending a consecutive 50% Tariff connected the European Union, starting connected June 1, 2025. There is nary Tariff if the merchandise is built oregon manufactured successful the United States."

That station had been preceded by a menace of import taxes against Apple. Apple present joins Amazon, Walmart and different large U.S. companies successful the White House's crosshairs arsenic they effort to respond to the uncertainty and inflationary pressures unleashed by his tariffs.

"I person agelong agone informed Tim Cook of Apple that I expect their iPhone's that volition beryllium sold successful the United States of America volition beryllium manufactured and built successful the United States, not India, oregon anyplace else," Trump wrote. "If that is not the case, a Tariff of astatine slightest 25% indispensable beryllium paid by Apple to the U.S."

In effect to Trump's tariffs connected China, Apple and CEO Tim Cook were looking to displacement iPhone manufacturing to India arsenic the institution adjusts proviso chains. That program has go a root of vexation for Trump, who besides brought it up past week during his Middle East trip.

Stock futures sold disconnected aft Trump's postings.