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.
I thought everyone was dying to make a deal with you Orange?
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.
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.
He’d be pissed off constantly if he could read