12:02
11:14
10:57
11:39
18:13
12:05
12:02
11:14
10:57
11:39
18:13
12:05
12:02
11:14
10:57
11:39
18:13
12:05
12:02
11:14
10:57
11:39
18:13
12:05
On May 23, U.S. President Donald Trump stated he would impose 25% tariffs if Apple fails to shift iPhone production to the United States.
However, Trump later clarified that these tariffs may also apply to Samsung and other smartphone manufacturers.
It would be also Samsung and anybody that makes that product, otherwise it wouldn’t be fair.
Trump also announced plans to introduce a 50% tariff on European Union goods, citing the failure of negotiations between the White House and Brussels.
He claimed the U.S. has long faced an unfair trade imbalance with the EU due to “strong barriers,” VAT, fines, and lawsuits against American companies. Trump estimated the damage to the U.S. economy at $250 billion annually.
In April, Trump signed an order raising tariffs on imports from 185 countries, including the EU, to 20%. Brussels responded with counter-tariffs of 10–25%, but both sides agreed to a 90-day pause.