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, the BBC reports.
“Our discussions with them are going nowhere!” he wrote in a post on social media on Friday. He said the new tariffs would 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 “at least” on iPhones not manufactured in America.
“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump said.
“If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
