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TRUMP RENEWS TRADE THREATS, TAKING AIM AT EUROPEAN UNION, APPLE

  • NEWS Desk Global
  • May 23, 2025
  • 1 min read



U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all iPhones bought by U.S. consumers.

The twin threats, delivered via social media, rolled global markets after weeks of de-escalation had provided some reprieve. The S&P 500 fell 1% in early trading, the Nasdaq fell 1.2%, and European shares fell 1.5%.

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