Trump says talks with E.U. are 'going nowhere,' threatens 50% tariff in June
c/world · u/MicroWave@lemmy.world · 255 points
**_Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%._**
Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are "going nowhere."
In a post on his Truth Social platform, Trump wrote that he was "recommending a straight 50% Tariff on the European Union, starting on June 1, 2025."
Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.
"The concept of Apple producing iPhones in the U.S. is a fairy tale," prominent tech analyst Dan Ives said in response to Trump's threat Friday.