President Trump threatened a 50% tariff on all imports from the EU and a 25% tariff on Apple products unless iPhones are manufactured domestically. The proposal aims to escalate pressure in ongoing trade discussions, which Trump feels are stagnant. He previously reduced tariffs on Chinese goods to facilitate negotiations, yet his threats against the EU raise questions about his strategy. Analysts argue that the EU's approach in handling these negotiations has been ineffective, with economists noting an opportunity for Europe to unite against Trump's tariffs.
Our discussions with them are going nowhere! Trump posted on Truth Social. 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.
The strategy of the EU Commission and Germany in the trade conflict with Trump is a total failure, Fratscher, the head of the German Institute for Economic Research, said on X. This was a failure you could see coming.
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