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Trump Threatens 50% Tariffs on EU Imports, Markets React Sharply

The U.S. president cites stalled negotiations and trade imbalances as justification, while European leaders call for respectful dialogue.

Overview

  • Donald Trump announced plans to impose 50% tariffs on European imports starting June 1, citing a lack of progress in trade negotiations.
  • Products manufactured in the United States will be exempt from the tariffs, a move aimed at encouraging onshore production.
  • The announcement caused European markets to plummet, with major indices like the CAC 40 and DAX dropping over 3% and 2%, respectively.
  • Trump also threatened a 25% tariff on Apple iPhones if the company does not shift production to the United States.
  • The European Union criticized the threats, calling for dialogue based on mutual respect and preparing potential countermeasures.