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Trump Threatens 50% Tariff on EU Imports, 25% on Apple: Markets React Sharply
Former President Donald Trump has proposed a 50% tariff on all imports from the European Union and threatened a 25% tariff on Apple iPhones made outside the U.S. This move is aimed at promoting domestic manufacturing and correcting trade imbalances. The announcement triggered a drop in Apple’s stock and broader market declines in both the U.S. and Europe. Analysts warn it could raise iPhone prices significantly if production is relocated to the U.S. The EU has not yet responded officially.
NEPSE TRADING
·23 May, 2025