Reported 25 days ago
President Donald Trump has intensified his trade war rhetoric by threatening a 50% tariff on the European Union and a potential 25% charge on all foreign-made smartphones, affecting brands like Apple and Samsung. Trump accused the EU of delaying negotiations and unfairly targeting U.S. companies, asserting that the tariffs are essential for fairness. Despite concerns over the potential economic impact, he claimed foreign entities might absorb the costs. The threats have unsettled markets, causing stock losses and raising doubts about the future of U.S.-EU trade relations.
Source: YAHOO