In a bold move that could impact shoppers everywhere, President Donald Trump has announced his recommendation for a staggering 50% tariff on goods imported from the European Union (EU). In a recent social media post, he expressed frustration, stating, "Our discussions with them are going nowhere!" This shift escalates his ongoing trade conflict with the EU, where current tariffs sit at 10%.
But the trade drama doesn't stop there—Trump also targets Apple, hinting at a 25% import tax on iPhones not produced in America. "I have long ago informed Tim Cook of Apple that I expect their iPhones sold in the United States to be made in America, not in India or elsewhere," he declared, underlining his commitment to U.S. manufacturing.
Since assuming office for a second term, Trump has been vocal about implementing and threatening tariffs globally, seeking to bolster American manufacturing and shield local jobs from international competition. Stay tuned as more updates roll in on this evolving story!
But the trade drama doesn't stop there—Trump also targets Apple, hinting at a 25% import tax on iPhones not produced in America. "I have long ago informed Tim Cook of Apple that I expect their iPhones sold in the United States to be made in America, not in India or elsewhere," he declared, underlining his commitment to U.S. manufacturing.
Since assuming office for a second term, Trump has been vocal about implementing and threatening tariffs globally, seeking to bolster American manufacturing and shield local jobs from international competition. Stay tuned as more updates roll in on this evolving story!
