In parallel, the Republican president threatened 25% surcharge to All companies that make smartphones outside the United Statesincluding technological giant Apple.
The European bags and Wall Street They registered lossesfearful of new disturbances in the global economy after relative calm when Trump He reached agreements with China and the United Kingdom.
In the morning Trump regretted that commercial negotiations with the European bloc “They are not going anywhere”And he announced on his network Social truth that recommends “Impose 50% of tariffs on the European Union as of June 1“
In the afternoon, he revived his threats after signing decrees in the OVAL ROOM.
“I am not looking for an agreement. I mean, we set the deal. Is 50%“Tariffs, he said Trump when asked by journalists if he intended to obtain EU concessions.
“They have not treated our country well. They have joined for take advantage of us“
And ruled out that tariffs harm US companies: “They do not harm, they help“He said.
“Disappointing”
If they enter into force, these taxes They would drastically raise current tariffslocated at an average of 12.5% (2.5% already in force before the investiture of Trump and an additional 10% since April).
AND They would renew tensions between the largest world economy and European partners.
The European Commissioner for Commerce, Maros Sefcofic, said the EU “is fully compromised to reach a beneficial agreement for both parties. ”
“The trade between the EU and the United States is unmatched and must be guided by the mutual respectNot because of threats. We are willing to defend our interests, ”he wrote in X.
Just in: President Trump Blasted Apple CEO Tim Cook, Warning That If they continue to manufacture iPhones in India Institute of the United States, He will impose at 25% Tariff on Them.
Trump Wrote on Truth Social: “I Have Long ago Reported Tim Cook of Apple That I Expect Equ… pic.twitter.com/uz6uyixorb
– Redwave Press (@redwave_press) May 23, 2025
The Prime Minister of Ireland, Micheal Martin, considered the announcement as “disappointing” and said that the “tariffs are harmful to all parties.”
“We stay in the same line: unworthy, but we are ready to respond,” the French Delegate Minister of Foreign Trade, Laurent Saint-Martin wrote in X.
In another message that also disturbed the markets, Trump He threatened Apple with new tariffs if he does not transfer cell phones to the United States.
“I informed Tim Cook (president) of Apple for a long time that I hope that their iPhones that are sold in the United States will be manufactured in the United States, not in India or other places. If this is not the case, Apple must pay a tariff of at least 25%,” he threatened Trump.
In the Oval Hall, he raised the bet and said that all manufacturers will be impacted by those tariffs, which would take effect at the end of June.
“It would also affect Samsung and anyone who manufactures that product; otherwise, it would not be fair,” he said.
Worried markets
Trump He threatened to ballast global economic growth by imposing tariffs of at least 10% to most products entering the United States.
Its levies, which unleashed an earthquake in the markets, also included specific sectors such as cars, steel and aluminum produced outside the United States.
And customs rates for China that reached 145%(in certain products at 245%), which Beijing responded with 125%tariffs.
Then the two powers negotiated a 90 -day truce to suspend most of these taxes and Trump He also announced a commercial agreement with the United Kingdom, while negotiating with other countries, including Mexico.
Trump Wants to Force Apple to Eat The Tariffs Just Like Walmart.
What Happened to ‘Foreign Countries Pay The Tariff’? pic.twitter.com/LFA5C4KC0P– Ron Smith (@ronxyz00) May 23, 2025
But negotiations with Europe have not paid much fruits.
In statements to Bloomberg Television on Friday, the United States Secretary of the Treasury, Scott Besunt, said the minimum 10% rate was “subject to countries and commercial blocks coming and negotiated in good faith.”
Investors staggered again with the advertisements of Trump.
In Wall Street, the Nasdaq technological index lost 1% this Friday and Apple’s action fell 3.02% to US $ 195.27.
The Paris and Frankfurt bags backed 1.5%, while the London’s FTSE 100, which initially climbed, also closed in red.