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Trump Threatens 50% Tariffs on EU, Targets Foreign-Made iPhones in New Salvo
Negative ↓
Post by: Anonymous
Trump just cranked up the pressure, threatening 50% tariffs on the EU “within days” and warning that iPhones made outside the U.S. (like in India) could be hit with major duties. He even called out Apple CEO Tim Cook directly.
Markets flinched fast. Stocks dipped, gold jumped, and the VIX (Wall Street’s fear gauge) spiked nearly 10%. Apple shares slid 3%, and Samsung may be next in line. While EU officials say talks are still happening, Trump said he’s “not looking for a deal.”
If you’re sourcing electronics, phones, or EU-made goods, heads up: this could hit hard and fast. Anyone already seeing ripple effects?