Trump recommends 50% tariff on European Union starting June 1

[BumRushDaShow]

Source: CNBC

Published Fri, May 23 2025 7:47 AM EDT | Updated 15 Min Ago


President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”

Trump’s announcement came less than 30 minutes after he threatened to impose a tariff of at least 25% on Apple if the company does not start manufacturing iPhones in the United States.

Stock futures sank immediately following Trump’s posts, which showed the president once again wielding the threat of massive import taxes in response to economic activity he disfavors.

Read more: https://www.cnbc.com/2025/05/23/trump-recommends-50percent-tariff-on-european-union-starting-june-1.html

---

I suppose the tariff announcements were his "big news" hinted at for today.

Article updated.

Previous article -

Published Fri, May 23 2025 7:47 AM EDT | Updated 3 Min Ago


President Donald Trump on Friday said he is "recommending a straight 50% Tariff on the European Union" after complaining that trade negotiations have stalled.

The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU "has been very difficult to deal with," Trump wrote. "Our discussions with them are going nowhere!"

Read Trump's full post:

The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!

This is breaking news. Please refresh for updates.

Original article -

Published Fri, May 23 2025 7:47 AM EDT


This is breaking news. Please refresh for updates.

[Renew Deal]

1. Sounds like he's having trouble bullying them into deals

[gab13by13]

2. Let me see

Krasnov just spoke with Putin for 2 hours. The EU has taken over the brunt of helping Ukraine in its war with Putin.

Hmm. I think that Krasnov got some orders in that 2 hour phone call.

[BumRushDaShow]

5. The EU signed mineral/raw materials deals with Greenland and Rwanda

so someone is probably pissed off.

[underpants]

20. What, did they NEGOTIATE that deal? 🤔

I think what you posted was a big part of this.
He hasn’t really negotiated anything yet and the EU jumped the gun on him while he was busy on his trip.

iPhones made HERE? Where? Unless they make them in prisons the cost is estimated at at least $3,000 from what I’ve seen. Some estimates are higher.

[BumRushDaShow]

24. Buried under all the other news yesterday

Greenland Signs Lucrative Minerals Deal with Europe in Blow to Trump (Published May 22, 2025 at 7:17 AM EDT)

45 "wanted" Greenland for their mineral resources.

There have never been any iPhones made here and the issue has come up multiple times over the years and is waved away because most U.S. corporations have been fed on "cheap labor". The "shaming" got so bad that Apple started putting the "Designed in California" on their iProduct labels to try to create some kind of "U.S." involvement.

[underpants]

37. I didn't know that about Apple

I just checked mine but it doesn’t say that. It’s pretty old though - 12 mini.

I’m sure it was on the box.

They could just change the determination of the “Made in the US” as is done for several industries.

[BumRushDaShow]

40. I have a 12 Pro and it's not on the phone itself

but was on the box. But I did recently get a newer iPad (10th Generation) when it went on sale (my current, still chugging one is an old iPad Air2), and that newer iPad DOES have the "Designed in California" but also an "Assembled in Vietnam" on the back of it.

[iluvtennis]

42. For my Macbook Pro and daughter's Macbook Air - "Designed in California", ""Assembled in China". n/t

[Shipwack]

44. Maybe you were joking, but you may be correct.

iPhones made HERE? Where? Unless they make them in prisons the cost is estimated at at least $3,000 from what I’ve seen. Some estimates are higher.

Prison labor is already slavery in all but name. I can easily see an attempt to switch prisoners from making furniture to something else.

Or maybe Donny is going to have his own Cultural Revolution. He’ll forcibly switch people from “useless” or “degenerate” jobs such as university professors or DEI advisors to working jobs making iPhones, or picking crops.

[underpants]

49. I think the idea of making them here is a joke

You are right though. Re-educating people to fill positions currently filled by “others” isn’t unseeable.

iPhones are very well made and reasonably priced considering all they can do and how reliant we are on them. I hate it for people making it but Apple isn’t going to change that in any meaningful way.

[usaf-vet]

57. I would guess that the likely answer will be found here ...below.

First, watch

The Daily Show with Jon Stewart and his interview with Patrick McGee author of "Apple In China".

[Yo_Mama_Been_Loggin]

63. He doesn't negotiate anything

He tries to intimidate then gets pissed off when things don't go his way.

[Prairie Gates]

52. Exactly right - this was the purpose of Putin's call, period

[bucolic_frolic]

3. Drump won't be done until he soaks up all liquidity from every citizen

Nothing is safe.

[Scrivener7]

4. His friends have taken their stock market gains and bought the shorts. Time to bring the market down again.

[BumRushDaShow]

7. It's definitely working

The Dow futures dropped 500 points with the news (and Apple stock was of course down).

ETA - latest blip that just came in less than a minute ago - Dow futures down 650.

[dutch777]

8. So far since Trump's elections, the better stock bets have been in foreign markets. One wonders why?

[33taw]

32. Yep, didn't he meet with them last night on he "personal time"?

[dutch777]

6. Wonder what the EU's response will be? No mention of EU comment in the article. Would not want to be...

...any US business that relies significantly on EU travelers. Pretty certain they won't be coming.

[Martin Eden]

41. They're not going to take any more orange crap

The Felon is overplaying his hand.

Which is what Putin wants him to do.

[ms liberty]

9. Ooo, I hope it's before the market closes..

Because the market can react for a bit and then close. After that, the pundits and spokesmodels will chew on it, and people will be ever so slightly stressed out about it, for all the 3 day weekend start of summer.
Oh boy. That should be really fun.

[JohnSJ]

11. The futures have been down since all the tariff news on EU and Apple have been reported. It is pretty

clear that wall street has been making excuses for this administration since they announced a "temporary" 90 day hold on tariffs, is coming back to haunt them by "assuming" the 90 day pause meant that the tariff issue was all over.

[ms liberty]

17. My response was deliberately sarcastic and lighthearted, not focused on the horrifying facts

Because well, the facts are horrifying and despair is not an option.
Humor fulfills my need to get over rough ground as lightly as possible.

[NJCher]

21. I got a laugh out of it

When I first heard the news this morning I had a vision of President Babyman in his high chair, throwing his cereal on the floor because Europeans were “difficult.”

Poor President Babyman. Life is supposed to be easy.

[ms liberty]

50. He's the ultimate snowflake. The Snowflake in Chief. He's the SIC POTUS.

[nitpicked]

18. From CNBC live updates

https://www.cnbc.com/2025/05/22/stock-market-today-live-updates.html

Stock futures declined early Friday after President Donald Trump ramped up his trade fight again, slapping a tariff on Apple
for foreign-made iPhones and recommending new stiffer duties on the European Union.

Futures tied to the Dow Jones Industrial Average dropped by 538 points, or 1.3%. Nasdaq 100 futures lost 1.9%, and S&P 500 futures
fell 1.5%.

Apple shares shed 3% in premarket trading after Trump posted on Truth Social that iPhones sold in the U.S. must be made in the U.S. and if they are not “a tariff of at least 25% must be paid by Apple.” The move against Apple by Trump is the first against a specific company in his tariff rollout this year.

Separately, the president said trade discussions with the EU “are going nowhere” and so he’s “recommending a straight 50% tariff on the European Union, starting on June 1, 2025.”
(snip)

((Let's see if the dipbuyers run in again to rescue stocks.))

[JohnSJ]

10. Anyone who believed that this trump created issue would disappear with the "magic" 90 day moratorium

on tariffs was suddenly over, was gullible at best.

Rubber is now hitting the road, and it should be clear that uncertainty and chaos has always been the hallmark of trump and his thugs.

Per Bloomberg:

"US bond yields have surged this week as President Donald Trump's tax cut plan has ignited concerns that it would add trillons of dollars in comning years to already bulging budget deficvits, at a time when investor appetit is waning for US assets across the globe."

What this means is that interest rates on everything are going to go up, assuming his "big beautiful bill" passes the Senate, and if the past in any prediction of future events, regardless of the tough talk by a few of the rethugs in congress, in the end they will do whatever the sociopath wants.

[speak easy]

12. Joke: If Russia invades the Baltic states, Krasnov will honor Article 5.

[BumRushDaShow]

14. The only thing that is included in that bill that needs to happen by July 4

is the debt ceiling increase and that can actually be pulled out as a standalone reconciliation bill (as one of the reconciliation types). If that is done, it can't be raised again using reconciliation until next FY (which could be after Oct. 1, 2025). That gives the GOP Senate more time, but also revives the "blame game" on raising the debt limit and causing a default (which is why the House wanted to go all or nothing).

[gab13by13]

16. Krasnov's goal is a weak dollar

His tariffs, the increased deficit, all weaken the dollar. His push to get Powell to lower interest rates also would weaken the dollar.

Yeah baby, look what that has done for Crypto. 16 Democratic senators just voted to boost Crypto. Krasnov has made 3 billion dollars from crypto since becoming president, not counting yesterday's Bribery meet and Greet dinner at Mar-el-Loco.

Things couldn't be going better for Krasnov.

[Buddyzbuddy]

65. Ding, ding, ding. We got a winner.

[Miguelito Loveless]

13. More stock manipulation

[KewlKat]

33. That was my first thought.

[nitpicked]

15. Trump threatens tariffs on EU goods and Apple iPhones

https://www.bbc.com/news/articles/cgr5xrygzk5o

US President Donald Trump has said he is "recommending" a 50% tariff on all goods from the European Union being imported to the United States.

"Our discussions with them are going nowhere!", he said in a post on social media on Friday. He said the new tariffs kick in on 1 June.

The announcement marks an escalation of Trump's trade war with the EU. He initially proposed a 20% tariff on most EU goods, but halved it to 10% until 8 July to allow time for talks.

The president also threatened to impose a 25% import tax on iPhones not manufactured in America.
(snip)

[underpants]

25. I think it was Tim Cook who got ridiculed a few weeks ago

at some sort of a Q&A Saying that the reason they make iPhones in China is because of the dedicated experienced workforce making them. People scoffed saying it was because of low wages. Set aside building and workplace safety requirements here, it’s not just about wages. Granted they do have horrible workplaces (from what we’ve seen) but I think he’s right. I can’t imagine Americans doing that meticulous precise work every day for a series of years. They can walk out and work at Burger King or a gig job at probably the same wage at any time.

Unless Apple can actually make these things IN prisons*, the price is going to be much more and will the work be if the same quality?

*or localities where we tend to put prisons that become reliant on them.

[riversedge]

31. Here is a label on an iPhone, clearly stating it is made in China:

Verdict: Are Apple Products Made in the USA?

No, Apple products are not made in the USA. Their products are made worldwide, mostly in China.

Here is a label on an iPhone, clearly stating it is made in China:

Link to tweet

https://allamerican.org/investigation/apple/

[BumRushDaShow]

35. That Xitter post apparently got deleted

but the image from the site (I had actually been looking for a postable, more recent one earlier this morning when I saw the Apple tariff story) -

[Playingmantis]

19. The clown is insane..

He is really losing it.. crazy as a bat and soon Americans will realize what a stupid mistake it was to reelect a first class jackass! MAGA my ass!!

[travelingthrulife]

22. He's nuts. The shakers and movers are going to need to take him down soon.

He is destroying all their businesses.

[Alliepoo]

43. Good!

I hope he burns the movers and shakers to the ground. They so richly deserve it.

[Pototan]

23. The mad King speaks

and my 401k loses thousands in a single day.

[Alliepoo]

45. Yep.

And same.

[riversedge]

26. 'He's now attacking our biggest allies, and one of America's most successful companies, as the stock market tanks on the

LOTS of Red



Ed Krassenstein
@EdKrassen
·
1h
BREAKING: President Trump just called for a 50% "straight tariff" on all of the EU, and a 25% tariff on iPhones that are not manufactured in the United States.

He's now attacking our biggest allies, and one of America's most successful companies, as the stock market tanks on the news.

Link to tweet

[lonely bird]

27. Wait

I thought Trump was the great deal maker?

[Botany]

28. Attn Krasnov the European Union has already moved on without you.

This will hurt America and Americans not Europe.

&t=35s

[Aviation Pro]

29. Get out of your set and forget 60/40 (Securities and bonds)

And find a safe harbor instrument. I did in February while maintaining my 401K at a low risk.

This is not meant to be financial advice.

[orangecrush]

30. EU to Trump

Go fuck yourself

[Tarzanrock]

34. It's an act of total desperation.

The Turd is desperate. The Turd's already failed presidency is now sinking like a large rock thrown into a lake. The Turd's insane economics policies will, in the end, doom both him and his presidency.

If you read the Turd's "tweet" this morning -- you immediately realize that the "fucking moron" has zero understanding of international trade,
international economics; taxation; and, international law for remedies for corporate manipulation of things like violations of trademarks,
copyrights, patents, intellectual property rights and the like which leads to the "lawsuits" this idiot is falsely bitching about.

What a fucking doofus moron! The E.U. has the Turd over a barrel -- they are not going to respond favorably to the Turd's bullshit "threats."

You can take it to the bank that the E.U. has an entirely different perspective on these insane tariffs than that of the "fucking mornon" who is advocating them. Tough days ahead for you, Turd, as your already failed Presidency continues to sink in the toilet you created!

By the way, Turd, Xi Jinping is watching and laughing -- and so is everyone else in the world.

[Lucky Luciano]

36. Waited for a good market recovery to go cuckoo bananas again

[Emile]

38. Is he still telling his dumb magats the other country pays for his tariffs?

[Alliepoo]

46. Yes.

And they still believe him.

[Mysterian]

39. More insider market gaming for the corrupt regime

There will be no future for the USA until all perpetrators of crimes under cloak of the Trump regime are prosecuted and jailed.

[Iamscrewed]

47. AGAIN

Here is everyone's late clue to the next insider trading tip of the week/days or ?

[stillcool]

48. the world should moon Trump

requiring Trump kiss every single one. What a wonderful world that would be.

[Prairie Gates]

51. This is a directive straight from Putin - you can tell because Trump is still on about abolishing the EU, period

[Doodley]

53. This is what happens when you have a president with the mental age of a five year old. If there is any evidence that

Trump is smarter than a typical five year old, both intellectually and emotionally, I'm yet to see it.

[kysrsoze]

54. Another Dump and Pump so they can sell high, buy again low and "save the market" again.

This will be the third time they've pulled this crap. I'm sure Rump tipped off all his buddies on what he was going to do so they had time to dump their stocks.

[usaf-vet]

55. I would guess that the likely answer will be found here ...below.

First, watch

The Daily Show with Jon Stewart and his interview with Patrick McGee, author of "Apple In China".
A very informative interview and book.

It boils down to the 3 million people Apple has paid to train (over the last 20+ years) to build their products.

[Initech]

56. Futurama had the right idea!

[Owens]

58. I thought countries were lining up to make deals with him?

This sounds like they don't, and now adding 50% is gonna make them come crawling? Worst deal maker ever

[Golden Raisin]

59. The WWII and post-War Alliance suffers another

flush down the Golden Toilet.

[louis-t]

60. "Difficult to deal with" , meaning they won't do what he says.

Krasnov is a jerk.

[Evolve Dammit]

61. Comrade Chaos having more fun. Who can I piss on this hour??

[Yo_Mama_Been_Loggin]

62. Big baby Donny has another tantrum

[Initech]

64. I recommend throwing this grossly incompetent buffoon and his ass kissing goons out of office now.

And putting the adults back in charge. If MAGA wants to go blab on the Fox gossip channel, they can do so without ruining the country.

[OverBurn]

66. He really is a mad king. Killing the country for Putin, Money, Insanity, all that.

[SunSeeker]

67. Seems to me he wants to punish Europe for helping Ukraine.

[LetMyPeopleVote]

68. Trump got pissed that Greenland signed a lucrative mineral deal with Greenland

Trump got pissed that Greenland signed a lucrative mineral deal with the European Union, so now he’s proposing a 50% tariff on all imports from the EU. 😡

— AnnieForTruth (@anniefortruth1.bsky.social) 2025-05-23T16:29:10.232Z