Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”

In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.

  • altphoto@lemmy.today
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    2 months ago

    Just remember that some important projects are tittering on bankruptcy and success and are depending on collaboration with EU. If the tariffs affect the final cost, then the projects will fail. Simple as that. And you won’t get your IPod nano for Christmas.

    All of these tariff wars are so depressing to all of us just trying to get cool stuff made.

  • selkiesidhe@lemm.ee
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    2 months ago

    Sounds like that PoS is going to tank the markets again so his billionaire donors can rake in more of our money. Then he will say there was beautiful talks-- of which there wasn’t-- and then say something stupid like we negotiated and I won, 10% tarrifs, I am so gud at this!

    Fucking grifting all the way down.

  • JackFrostNCola@aussie.zone
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    2 months ago

    I would have thought by now even the most financially illitterate americans would have had how tariffs work and impact them explained by now, but people still arent rioting that he is taxing the ever-loving shit out of his own people? (And destroying the USAs global economic power in the process)

    • floofloof@lemmy.ca
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      2 months ago

      “I’ve made 200 deals.”

      Donald Trump, April 25th 2025

      Then people pointed out that’s more deals than there are countries, then he started whining about how no one would make a deal with him. And now I think he made one deal with the UK, which he’ll probably go back on next week.

      • Buffalox@lemmy.world
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        2 months ago

        UK just made a deal with EU including foods. This will make a chlorinated American chicken deal impossible. So I bet Trump could be pretty pissed about that if anybody tells him.

  • 1984@lemmy.today
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    2 months ago

    Trump doesnt understand that a deal should benefit both partners, not just him.

    “The EU is so difficult”… Lols.

  • SunshineJogger@feddit.org
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    2 months ago

    It’s nuts that the markets still react to this clown.

    By now I would have expected them all to catch on that he is simply a 14 year old internet troll from a YouTube comment section in the body of a dehydrated Ipomoea batatas full of alternaria.

    The things he does (or does not do) will keep changing and being wild. Price that in already.