NEW YORK, May 24: U.S. President Donald Trump on Friday threatened a 50 percent tax on all imports from the European Union as well a 25 percent tariff on Apple products unless iPhones are made in the United States.
"The threats, delivered over social media, reflect Trump's ability to disrupt the global economy with a burst of typing, as well as the reality that his tariffs have yet to produce the trade deals he is seeking or the return of domestic manufacturing he has promised voters," reported The Associated Press about the move.
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The Republican president said he wants to charge higher import taxes on goods from the EU than from China. Trump was upset by the lack of progress in trade talks with the EU, which has proposed mutually cutting tariffs to zero even as the president has publicly insisted on preserving a baseline 10 percent tax on most imports.
"Our discussions with them are going nowhere!" Trump posted on Truth Social. "Therefore, I am recommending a straight 50 percent 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."
That post had been preceded by a threat of import taxes against Apple for its plans to continue making its iPhone in Asia. Apple now joins Amazon, Walmart and other major U.S. companies in the White House's crosshairs as they try to respond to the uncertainty and inflationary pressures unleashed by his tariffs.
