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  5. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US

Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US

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US President Trump threatened to impose a 25% tariff on Apple iPhones if they are not manufactured in the United States, which led to a 2.5% drop in Apple shares in premarket trading. Trump also threatened to impose a 50% tariff on all EU imports starting June 1, citing that the EU is taking advantage of the US on trade.

  1. US
    Donald Trump
    Republican Party
    1. If that is not the case, a Tariff of at least 25 per cent must be paid by Apple to the US.
    2. The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with.
    3. I had a little problem with Tim Cook.
    4. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.
    5. 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, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US.
    6. I said to Tim … we've treated you really good, we've put up with all the plants that you've built in China for years, now you got to build [for] us. We're not interested in you building in India, India can take care of themselves … we want you to build here.
  2. DE
    Johann Wadephul
    Christian Democratic Union
    1. I think such tariffs help no one, but would just lead to economic development in both markets suffering.
  3. SK
    Maroš Šefčovič
    European Commission
    1. The EU is fully engaged, committed to securing a deal that works for both.
  4. SE
    Hakan Samuelsson
    Volvo
    1. It could not be in the interest of Europe or the US to shut down trade between them.
  5. DE
    Holger Schmieding
    Berenberg bank
    1. With Trump you never know but this would be a major escalation. The EU would have to react and it is something that would really hurt the US and European economy.
    2. This is a major escalation of trade tensions.
  6. DE
    Marcel Fratscher
    German Economic Institute
    1. This was a failure you could see coming — Trump sees Europe's wavering, hesitation and concessions as the weaknesses that they are.
  7. DE
    Claudia Schmucker
    German Council on Foreign Relations
    1. Trump is still expecting that the EU will offer something he feels is valuable enough.
    2. Even though some EU states are not fully on board with Brussels' negotiating position, Trump's antagonism is enough to help boost EU unity.
  8. GB
    Andrew Kenningham
    Capital Economics
    1. The two new deals will make EU negotiators more confident that they can stick broadly to the policy already set out, which is to try to avoid escalation, threaten some retaliation but with a delay, while at the same time be willing to negotiate.

Trump's tariffs

  1. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  2. Donald Trump Announces 90-Day Tariff Reduction with China
  3. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva

sources

  1. 1.CNA News
  2. 2.Le Monde
  3. 3.Al Jazeera
  4. 4.The Guardian
  5. 5.BBC
  6. 6.France 24
  7. 7.El Paìs
  8. 8.CTV News
  9. 9.South China Morning Post
  10. 10.DW News
  11. 11.ABC News (Australia)
  12. 12.NPR

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.United StatesUS
  2. 2.ChinaCN
  3. 3.GermanyDE
  4. 4.IndiaIN
  5. 5.NetherlandsNL
  6. 6.United KingdomGB
  7. 7.Viet NamVN
  8. 8.FranceFR
  9. 9.QatarQA
  10. 10.AustraliaAU
  11. 11.BelgiumBE
  12. 12.SwitzerlandCH

organizations

  1. 1.European Union
  2. 2.Apple
  3. 3.Truth Social
  4. 4.European Commission
  5. 5.White House
  6. 6.Samsung Electronics Co
  7. 7.Republican Party
  8. 8.Berenberg bank
  9. 9.Capital Economics
  10. 10.Eurostat
  11. 11.German Council on Foreign Relations
  12. 12.German Economic Institute

persons

  1. 1.Donald TrumpUS
  2. 2.Tim CookUS
  3. 3.Jamieson GreerUS
  4. 4.Maroš ŠefčovičSK
  5. 5.Howard LutnickUS
  6. 6.Dick SchoofNL
  7. 7.Georg Georgiev
  8. 8.Katherina Reiche
  9. 9.Laurent Saint-MartinFR
  10. 10.Andrew KenninghamGB
  11. 11.Claudia SchmuckerDE
  12. 12.Danielle Kurtzleben

technicals

  1. 1.iPhone
  2. 2.Oval Office
  3. 3.iPad
  4. 4.EX30
  5. 5.International Emergency Economic Powers Act
  6. 6.World War II