The president's post pushed down U.S. stocks and European markets, with indexes in Germany and France dropping around 1.7%.

Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”

In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.

  • Buffalox@lemmy.worldEnglish
    78·
    22 hours ago

    OK Trump, but while you are trying to figure out what the most scary import tax is, and destroying American business globally, we are working on getting rid of American services and weapons. And China is now a less unpopular trading partner than USA in EU!!

    We shall see who wins in the long run…

      • NoForwardslashS@sopuli.xyzEnglish
        34·
        1 day ago

        They worked out that “The Art of the Deal” means “agree to my deal right now, or I will shit the bed”.

        If you just don’t get in the bed you’re fine.

        • Buffalox@lemmy.worldEnglish
          15·
          22 hours ago

          I think here we call it. “Don’t interrupt your enemy when he is busy destroying himself.”

          • madame_gaymes@programming.devEnglish
            101·
            20 hours ago

            Pretty sure that’s a French thing (Napoleon), but maybe you’re French and that’s what you mean by “here.”

            Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):

            To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

            • Buffalox@lemmy.worldEnglish
              7·
              20 hours ago

              Here is “the west”.
              Maybe Napoleon said it first IDK. I’m from Denmark, but I heard it from Americans.

    • krashmo@lemmy.worldEnglish
      11·
      20 hours ago

      He’s gonna be dead soon enough one way or another. He doesn’t give a fuck about the future. He’s just trying to profit as much as he can right now.

      • Buffalox@lemmy.worldEnglish
        13·
        22 hours ago

        Did you know that before Trump started this, the average tariff in EU on American goods was about 1%?
        So the question is why the fuck Trump really did this? Except we already know, the plan was to use tariffs as the main taxation income for government, and give extreme tax cuts to the rich.
        Trump is trying to be clever, to benefit himself and those that bribe him. But he is really stupid, and after he is finished everybody will be worse off.