Recommendations of the Editorial team
Everyone just thought that Donald Trump’s trade war and customs madness finally a phase of exhaustion – albeit one expensive – would have achieved. Then the president ensured that everyone was reminded that his trade policy was still unpredictable and arbitrary is. Trump now threatens high tariffs again. This time on iPhones and the European Union.
Trade policy remains unpredictable
“I have Tim Cook from Apple Long time ago that I expect something. I expect your iPhones, which are sold in the United States of America, also be manufactured and built in the United States. Not in India or elsewhere ”, wrote Trump on Truth Social. “Not the case? Then Apple has to pay a custom of at least 25% to the USA.”
Massive tariffs planned against the EU
In one further contribution In addition, the president added that “from June 1, 2025, he would recommend a direct custom of 50 % to the European Union”.
“Our conversations with them do nothing,” added Trump. And claimed that the United States performed a trade deficit of more than $ 250,000,000 a year. The reasons: “Mighty trade barriers, VAT, ridiculous company penalty, non -monetary trading barriers, currency manipulations, unfair and unjustified lawsuits against American companies and much more. A number that is completely unacceptable.”
Decline at DOW, S&P 500 and Nasdaq
The financial markets did not respond positively to the social media contributions. Fie Dow, S & P 500 and Nasdaq Futures fell.
The announcement signals to the countries that try to negotiate trade agreements with the government – with extremely limited success -that the American president is not willing to comply with the 90-day break in the imposition of drastic, potentially devastating counter tariffs for dozens of countries. At the beginning of this month, when the talks with the USA seemed to get into a dead end, Created a list of the European Union With American imports worth over $ 100 billion. Which could be documented as a retaliation for Trump’s punitive tariffs with tariffs.
Effects on US consumers and companies
The Trump government continue to raise An effective customs set of 51 percent to Chinese imports, while China reacts to US products with an effective customs set of 32 percent. These sentences are From a high from 147 percent and 125 percent. The reduction in import duties brought a certain relief for American companies. But large retailers such as Walmart and Target warn that the prices for American consumers expected as long as the tariffs remain.
Supplier problems as an additional challenge
Apple develops its products in the United States. However, they are mainly produced abroad. In recent years, the Silicon Valley-Riese has tried to move part of its production from China to friendlier countries like India. In the event of a production in the United States, the prices for iPhones About thousands of dollars rise because both the flow costs for the construction of factories and the problems in the supply chain are very high for the various components.