Trump Proposes Severe Tariffs on EU Imports and iPhones

In a recent social media post, President Donald Trump announced his intention to escalate trade tensions by proposing significant tariffs on European goods and iPhones not manufactured in the United States.

In a bold move that signals a further escalation in trade relations, President Donald Trump has proposed implementing a staggering 50% tariff on imports from the European Union. In a Friday social media post, he expressed frustration over stagnant discussions with EU leaders, declaring, "Our discussions with them are going nowhere!" Currently, the EU imposes a 10% tariff on U.S. goods, which has been a point of contention in ongoing trade negotiations.

Additionally, Trump has threatened a 25% import tax on iPhones that are not produced within the United States. He stated that he has conveyed his expectations to Apple CEO Tim Cook, insisting that iPhones sold in the U.S. should be manufactured domestically rather than in countries like India. "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.," Trump asserted.

Since returning to the White House, Trump has actively pursued a protectionist trade agenda, viewing tariffs as a strategy to revitalize U.S. manufacturing and safeguard American jobs from overseas competition. This latest announcement is expected to reverberate throughout global markets as businesses prepare for potential shifts in trade dynamics.

This breaking news story is ongoing, with updates anticipated shortly as further details emerge. For the latest alerts, you can follow @BBCBreaking on X or utilize news apps for immediate notifications.