<ul><li>President Trump threatens to impose a 50% tariff on European exports starting June 1, citing difficulties in trade negotiations with the European Union.</li><li>Additionally, Trump warns Apple that iPhones manufactured outside the U.S. will face a 25% tariff, urging production to be in the United States.</li><li>Financial markets react negatively to the news, with stock futures dropping and European carmakers' shares being hit the hardest.</li><li>Estimates show that the proposed tariffs could lead to a 20% drop in EU exports to the U.S. and over a 6% increase in prices in the U.S.</li></ul>

Trump Threatens 50% Tariff on E.U. and 25% Tariff on Apple

Discover more