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Trump calls for 50% tariff on EU, says he's 'not looking for a deal' with bloc - TL;DR CNBC

Trump calls for 50% tariff on EU, says he's 'not looking for a deal' with bloc

Publishing timestamp: 2025-05-23 11:47:50


Summary

President Trump threatens to impose a 50% tariff on the European Union after stalled trade negotiations. This announcement comes after he also threatened a 25% tariff on Apple if they do not start manufacturing iPhones in the US. Stock futures sank in response to the news, showing Trump's willingness to use tariffs as a negotiating tool. EU declined to comment on the new tariff threat.


Sentiment: NEGATIVE

Tickers: AAPL

Keywords: eubreaking news: politicsapple incdonald trumptariffeconomybreaking news: economydonald j. trumpforeign policybreaking news: marketsscott bessentpoliticsunited stateseuropean commissionbusiness newsaustan goolsbeetrade

Source: https://www.cnbc.com/2025/05/23/trump-recommends-50percent-tariff-on-european-union-starting-june-1.html


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