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: eu, breaking news: politics, apple inc, donald trump, tariff, economy, breaking news: economy, donald j. trump, foreign policy, breaking news: markets, scott bessent, politics, united states, european commission, business news, austan goolsbee, trade,