Reported about 15 hours ago
President Trump escalated his trade war on Friday by threatening Apple and the European Union with severe tariffs. He announced a potential 25% tariff on non-US-made iPhones and a staggering 50% tariff on EU imports starting June 1, 2025. Trump emphasized that American companies like Apple must manufacture products domestically to avoid these tariffs, while also indicating that other smartphone manufacturers could be affected. This marks a significant turn in the trade relationship between the US and its trading partners, as tensions rise amidst stalled negotiations.
Source: YAHOO