Donald Trump News: US President Donald Trump has adopted a policy of demolishing tariff bombs and then taking U-turn on various countries of the world as soon as he started his second term. Despite calling India a friend country, Trump called him a tariff king. Moving in this direction, Trump had warned American company Apple in Qatar not to manufacture iPhone in India, but now Trump has clearly warned Apple that 25 percent tariffs will be placed on sale of iPhones manufactured in India or any other country in America. Apart from this, Trump has also threatened to impose 50 percent tariffs on the European Union from June 1.
US President Donald Trump has been defaming India as ‘Tariff King’ since the beginning of his second term. Trump has also talked about signing a bilateral trade agreement with India. In the midst of this development, Trump has now threatened Apple to impose 25 percent tariffs for not building an iPhone in the US. Trump had earlier advised Apple not to manufacture iPhones in India during the Qatar Yatra. However, Apple refused to pay attention to his advice.
Donald Trump has now written on his social media platform Truth Social Social, “I have already told Apple CEO Tim Cook that his iPhones sold in America should be made in America.” The iPhone should not be built in India or any other country. If this does not happen, Apple will have to pay at least 25 percent tariffs in the US. Trump’s threats can cause problems for Apple, as Apple’s iPhones are mostly sold in the United States.
When Donald Trump announced a tariff on China at the beginning of his second term, a major challenge for Apple arose. Because most of its iPhones are manufactured in China. However, to avoid tariffs imposed on China, Apple plans to transfer iPhone to India and other countries. But Trump wants Apple to create a iPhone sold in America in America itself. According to sources, Trump’s decision may increase iPhone prices in the US market. Increased iPhone prices may also adversely affect its sales.
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Meanwhile, US President Trump has warned to impose 50 percent tariff on the European Union from June 1. He said that talks with the European Union are not moving forward. It is very difficult to compromise with the European Union. Trump wrote on social media Truth Social, “It is becoming very difficult to deal with the European Union, which was mainly made to benefit from America in business.” Their powerful trade obstacles, VAT, meaningless corporate punishment, non-monetary trade obstacles, unfair and unjust cases against American companies, etc., create an annual trade deficit of over $ 250 million with the US, which is completely unacceptable.
Therefore, I am recommending a 25 percent direct tariff on the European Union, which will start from 1 June 2025. If the products are manufactured in the United States, there will be no tariff. In March this year, Trump announced a 25 percent tariff on imported steel and aluminum to the US from European Union countries. In addition, all the goods imported from the European Union were universal 20 percent tariff and 25 percent tariffs were placed separately on cars and some auto parts. The new tariff affected the European Union’s 380 billion euro value. In turn, the European Union also announced a tariff on about 21 billion euros ($ 23.2 billion) US items. Some European Union fees were to be implemented in mid -April. However, on 9 April, Trump announced a tariff suspension for 90 days on all countries except China. However, it was announced that the rate of only 10 percent would be implemented. In turn, the European Union also announced that it has postponed the implementation of counter -duty for 90 days.
European and American markets declines after Trump’s threat
US President Donald Trump on Friday threatened to impose 25 percent tariffs on Apple and 50 percent on the European Union. European and American markets collapsed due to this danger. S&P 500 futures and Dow Jones Industrial Average declined by 1.5 percent, and Nasdaq futures fell by 1.7 percent. Oil prices also fell and the treasury yield also fell.
European markets declined after Trump’s post on social media platform Truth social. Germany’s dax dropped 1.9 percent, while Paris’s CAC dropped 40 2.4 percent. London’s FTSE 100 also fell 1.1 percent. Apple’s shares fell by 3.8 percent in the US stock market in the US stock market due to threats to impose 25 percent tariffs on Apple. On the other hand, the price of US benchmark crude oil fell $ 1.7 or 1.3 percent to $ 60.13 per barrel, while the International Benchmark Brent crude fell 99 cents to $ 63.45 per barrel.
