Trump threatens Samsung Apple with more tariffs
President Donald Trump threatened to impose a 25% tariff on mobile phones made by Apple and other companies in other countries by the end of June.
President Donald Trump has announced that he has extended the European Union’s 50% tariff deadline until July 9th.
“I received a call today from the European Commission’s Ursula von der Leyen, requesting an extension on the June 1 deadline for trade and the 50% tariffs on the European Union,” Trump published in Truth Society on May 25, with whom he agreed to the extension, adding that von der Leyen “the speech will begin quickly.”
In an X’s post, von der Reyen described his conversation with Trump as a “good call.”
“The EU and the US share the most consequential and closest trade ties in the world,” von der Reyen added. “Europe is ready to move forward with quick and decisive discussions. It will take time until July 9th to reach a significant deal.”
Trump’s announcement comes just two days after suspending its mutual tariffs in April, threatening the EU with a 50% tariff.
“The European Union, established for the primary purpose of using the US in trade, has been extremely difficult to deal with,” Trump reopened his threat after suspending mutual tariffs in the EU and other countries in April. “Our discussion with them is not going anywhere!” the president added.
Trump’s proposed 50% tariff on European Union goods would reach around $660 billion on imported goods. According to the US Trade Representative, this is the value of goods exported to the US by the European Union in 2024.
According to EU data, the US is the largest trading partner in the EU, buying 21% of its exports.
The top EU exports to the US are pharmaceuticals. According to the EU, other major EU exports include automobiles and other vehicles, aircraft, engines, motors, other machinery, oil oil and alcoholic beverages.
On April 3, Trump announced the global “liberation day” mutual tariffs, rushing to send global financial markets before suspending tariffs for 90 days in most countries except China. The Trump administration has been negotiating trade deals with various countries since April.
The only transaction we have ever reached was with the UK. Discussions with China that imposed Titi-for-Tat tariffs on the US are underway after both countries agreed to lower the sudden tariffs.
Contributed by Zack Anderson, USA Today
