• Trump threatens 25% duty on non-American iPhones.
• Shares fall in us and Europe; Dollar down, gold up.
• Apple’s scheduled US investments do not include iPhone production.
  

US President Donald Trump threatened his trade war again on Friday and pressed a 50% duty on EU products starting June 1, warning Apple that he can beat a 25% tax on all imported iPhones purchased by US consumers.

The twin threats delivered via social media burned the global markets after weeks of shell had given some postponement in the customs match. Larger US stock indices and European equities fell and the dollar was weakened while the price of gold, a refuge for investors increased. US state dividends fell on fear of the impact of tariffs on economic growth.

Trump’s breadth against the EU was asked by the White House’s belief that negotiations with the block are not progressing fast enough. His Sabre-Rattling also marked a return to Washington’s Stop-and-Start-Trading War, which has shaken markets, businesses and consumers and raised fears of a global economic downturn.

The president’s attack on Apple is his latest attempt to push a specific company to move production to the United States by car manufacturers, pharmaceutical companies and chipmakers.

However, the United States do not mass produce smartphones-self when US consumers buy more than 60 million phones annually-and to move production would probably increase the cost of iPhones by hundreds of dollars.

Later on Friday, Trump said journalists inside the Oval Office that his proposed duty on Apple would also apply to “Samsung and anyone making this product” apparently referring to smartphones. He said he expected the new phone duty to be in place in late June.

Trump repeated his complaint that the European Union was dealing with the United States poorly and limited the United States from selling cars to the EU. “And I just said, ‘It’s time we play the game that I know how to play the game.'”

“I’m not looking for an appointment,” Trump said when asked if he expected an appointment before June 1st. “We’ve set the deal – it’s 50%. But again, there’s no customs if they build their facilities here.”

EU commercial manager Maros Sefcovic said the Europe Commission, the EU Executive Arm, was fully obliged to secure an agreement that worked on both sides after a Friday phone call with US colleague Jamieson Greer and US trade secretary Howard Lutnick. He added that EU-US-trade “must be controlled by mutual respect, not threats.”

In a speech with journalists in The Hague, Dutch Prime Minister Dick Schoof supported the EU’s strategy in the trade negotiations and said the EU would probably see this latest message as part of the negotiations.

“We have seen before that tariffs can go up and down in conversations with the United States,” he said.

The White House paused most of the punishing tariffs that Trump announced in early April against almost every country in the world after investors furiously sold US assets, including government bonds and the US dollar. Trump left a 10% baseline tax on most imports and later reduced its massive 145% tax on Chinese goods to 30%.

A 50% collection of EU Import could raise consumer prices on everything from German cars to Italian olive oil.

EU total exports to the United States last year amounted to approx. 500 billion euros ($ 566 billion), led by Germany (161 billion euros), Ireland (72 billion euros) and Italy (€ 65 billion). Pharmaceutical products, cars and car parts, chemicals and aircraft were among the largest exports, according to EU data.

Disputes of Customs

The White House has been in trade negotiations with several countries, but progress has been unstable. Finance leaders from the group of seven industrialized democracies tried to neglect disputes about tariffs earlier this week on a forum in the Canadian Rocky Mountains.

“The EU is one of Trump’s least favorite regions and he doesn’t seem to have good relationships with his leaders, increasing the chance of a long -term trade war between the two,” said Kathleen Brooks, research director at XTB.

Lectures with Japan seemed less full.

After the meeting separately with Lutnick and Greer on Friday, Japan’s top trade dealer, Ryosei Akazawa, said the two sides discussing expanding trade, non-customs barriers and financial security issues. He described their conversations as Franks and more in -depth than before.

In a speech with journalists, Akazawa said that although it would be nice if an appointment could be reached when Trump and Japanese Prime Minister Shigeru Ishiba meet at the group of seven summit next month in Canada, he wouldn’t hurry just to secure a deal.

“Our country has national interests that need to be protected, so it is not enough to simply create an agreement quickly,” Akazawa said. “As a dealer, I can tell you that the party in the negotiations at a time limit usually loses.”

US Ministry of Finance Scott Bessent would not comment on other potential trade agreements but said about Fox News That there would be more announced as the end of the 90-day break on mutual tariffs in July.

Apple refused to comment on Trump’s threat, which would turn exceptions he assigned to smartphones and other electronics that were largely imported from China during a break for large tech companies selling consumer goods.

Apple shares dropped 3%after Trump said in an early truth that Social Post said he told the company’s CEO Tim Cook “a long time ago” that “I expect their iPhones, which will be sold in the United States, will be manufactured and built in the United States, not India somewhere.”

Cook and Trump met on Tuesday, according to a source familiar with the situation.

Apple is accelerating plans to make most iPhones sold in the United States at Factories in India by the end of 2026 to navigate potentially higher tariffs in China.

But the odds of moving production to the United States are slimmer. In February, Apple said it would spend $ 500 billion over four years in nine US states, but this investment was not intended to bring iPhone making to the United States.

“It’s hard to imagine that Apple may be fully in line with this request by the president for the next 3-5 years,” said Davidson and co-analyst Gil Luria.