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S&P 500, DAX, Crypto Sink as as Trump Slaps 50% Tariff Threat on EU, Targets iPhones
Home » Science & Technology » Phones » S&P 500, DAX, Crypto Sink as as Trump Slaps 50% Tariff Threat on EU, Targets iPhones

S&P 500, DAX, Crypto Sink as as Trump Slaps 50% Tariff Threat on EU, Targets iPhones

Jared Kirui 24/05/2025 16:23

The simmering trade conflict between the United States and the European Union escalated sharply when President Donald Trump announced plans to impose a 50% tariff on all EU goods entering the U.S. starting June 1, alongside a potential 25% tariff on iPhones not made domestically. The announcement came just hours before scheduled trade negotiations…

FinanceMagnates
The simmering trade conflict between the United States
and the European Union escalated sharply when President Donald Trump announced
plans to impose a 50% tariff on all EU goods entering the U.S. starting June 1,
alongside a potential 25% tariff on iPhones not made domestically. The announcement came just hours before scheduled
trade negotiations…
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