President Donald Trump has taken a definitive stance on trade relations with the European Union, suggesting a hefty 50% tariff on imports from the bloc. In a recent social media post, he expressed frustration, stating, "Our discussions with them are going nowhere!" This act signifies a significant intensification of the existing trade conflict, given that the EU currently enforces a 10% tariff on imports to the U.S.
Moreover, Trump has aimed specific criticism at Apple, threatening a 25% import tariff on iPhones that are manufactured outside of the U.S. "I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States," Trump declared. He emphasized that if Apple fails to comply with his expectations, they would face the steep tariffs.
Since re-establishing his presidency, Trump has consistently utilized tariffs as a strategy to promote American manufacturing and safeguard domestic jobs from international competition. As this story unfolds, further updates will be provided on this developing situation, and readers are encouraged to refresh the page for up-to-the-minute information. For immediate alerts, users can download the BBC News App or follow @BBCBreaking on X for the latest news.
