President Donald Trump has escalated his ongoing trade war with the European Union by "recommending" a staggering 50% tariff on goods imported from the EU to the United States. "Our discussions with them are going nowhere!" he expressed in a social media post on Friday. This move comes as the EU maintains a 10% tariff on products entering America.
Additionally, Trump directed his attention towards Apple, stating he would impose a 25% import tax on iPhones manufactured outside the U.S. "Tim Cook of Apple has been informed that I expect iPhones sold in the United States to be built domestically, not in India, or anywhere else," he stated. The ultimatum is clear: If Apple wants to avoid the hefty tariff, it needs to reassess its manufacturing decisions.
Since his return to the White House, Trump has consistently threatened and imposed various tariffs globally, asserting that these measures are vital for boosting U.S. manufacturing and protecting American jobs from foreign competition. Updates on this developing story will be provided, so stay tuned for more information.
