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.
Maybe the EU learned from his own actions that you just have to push back until he caves under internal pressure
You don’t even need to push. Just wait a while until the toddler finds something else to focus on and forget what happened today.
It was some time ago but a response from Canadian supplier to US customer went few rounds on social media. They informed that the item customer was buying was under a tariff and gave options to either pay up the tariffs, cancel the sale with no extra cost or just wait for few days and see what happens. And the really stupid part is that it was (and largely is) a viable strategy, at least on customer sales. For businesses that’s obviously a total nightmare, but that’s just one example on how ridiculous any kind of trade with the US is right now.