Trump threatens 50% tariffs on EU and 25% on smartphones
U.S President Donald Trump reignited trade tensions on Friday, threatening a 50% tariff on all goods sent to the United States from the European Union.
He also warned Apple that he would impose a 25% import tax “at least” on iPhones not manufactured in America, later widening the threat to any smartphone.
The warning against the EU came just hours before the two sides were set to have trade talks.
Trump last month announced a 20% tariff on most EU goods but had halved it to 10% until July 8 to allow time for negotiations.
