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  5. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US

Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US

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US President Trump threatened to impose a 25% tariff on Apple iPhones if they are not manufactured in the United States, which led to a 2.5% drop in Apple shares in premarket trading. Trump also threatened to impose a 50% tariff on all EU imports starting June 1, citing that the EU is taking advantage of the US on trade.

  1. US
    Donald Trump
    Republican Party
    1. If that is not the case, a Tariff of at least 25 per cent must be paid by Apple to the US.
    2. The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with.
    3. I had a little problem with Tim Cook.
    4. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.
    5. I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US.
    6. I said to Tim … we've treated you really good, we've put up with all the plants that you've built in China for years, now you got to build [for] us. We're not interested in you building in India, India can take care of themselves … we want you to build here.
    7. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States.
  2. SE
    Hakan Samuelsson
    Volvo
    1. It could not be in the interest of Europe or the US to shut down trade between them.
  3. DE
    Holger Schmieding
    Berenberg bank
    1. With Trump you never know but this would be a major escalation. The EU would have to react and it is something that would really hurt the US and European economy.
    2. This is a major escalation of trade tensions.

Trump's tariffs

  1. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  2. Donald Trump Announces 90-Day Tariff Reduction with China
  3. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva

sources

  1. 1.Le Monde
  2. 2.The Guardian
  3. 3.El Paìs
  4. 4.CTV News
  5. 5.South China Morning Post
  6. 6.NPR
  7. 7.CNA News
  8. 8.France 24
  9. 9.BBC
  10. 10.Agence France-Presse
  11. 11.Bloomberg News
  12. 12.Financial Times

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.United StatesUS
  2. 2.ChinaCN
  3. 3.IndiaIN
  4. 4.GermanyDE
  5. 5.FranceFR
  6. 6.BelgiumBE
  7. 7.SwitzerlandCH
  8. 8.United KingdomGB
  9. 9.Syrian Arab RepublicSY
  10. 10.Viet NamVN

organizations

  1. 1.Apple
  2. 2.European Union
  3. 3.Truth Social
  4. 4.White House
  5. 5.Volvo
  6. 6.Berenberg bank

persons

  1. 1.Donald TrumpUS
  2. 2.Tim CookUS
  3. 3.Danielle Kurtzleben
  4. 4.Hakan SamuelssonSE
  5. 5.Holger SchmiedingDE
  6. 6.Howard LutnickUS
  7. 7.Kevin Dietsch

technicals

  1. 1.iPhone
  2. 2.EX30
  3. 3.International Emergency Economic Powers Act
  4. 4.iPad
  5. 5.World War II
Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US