Trump's Trade Threats: 50% Tariff on EU, 25% on iPhones?

Trump's Trade Threats Shake Global Markets: Tariffs on EU and Apple Looming Former US President Donald Trump's surprise announcement of potential tariffs on European Union goods and Apple products sent shockwaves through global markets on Friday. The proposed 50% tariff on EU imports, set to begin June 1st, and a 25% tariff on iPhones not manufactured in the US, represent a significant escalation of trade tensions. "Trump's actions are a blatant disregard for global economic stability," stated a leading financial analyst. "The potential impact on businesses and consumers is immense." The video shows footage of Trump making the announcement, followed by scenes of traders reacting to the news on the stock market. The Euro Stoxx 600 index fell 2% following the announcement, highlighting the immediate market reaction. Apple, a major player in the global tech industry, faces potential substantial losses if the tariffs are implemented. The uncertainty surrounding the timeframe for these tariffs adds to the anxiety among businesses and investors. The situation underscores the fragility of global trade relations and the potential for significant economic disruption.