US President Donald Trump operated his commercial threats on Friday, as he targeted both the Apple giant for smartphones along with imports from the entire European Union, as he sent the global market weeks after the escalation of the escalation.
Trump threatened to impose a 25 percent tariff on Apple for any iPhone devices that have been sold, but not manufactured, in the United States. More than 60 million phones are sold in the United States annually, but the country does not have smartphones.
He also said that he would recommend a 50 percent tariff in the European Union to start on June 1, which will lead to severe materials on luxury elements, pharmaceutical preparations and other commodities produced by European manufacturers.
The European Union Committee refused to comment, saying that it would wait for a phone call between the president of the European Union Trade Marus Sevkovic and his American counterpart Jamison Jarir later on Friday.
The markets fell on the news. S&P futures lost 1.5 percent in pre -market activity and eurostoxx 600 decreased by 2 percent. Apple shares decreased by 3.5 percent in the pre -market trade, along with other Bellweethers shares. Trump did not give a time frame to warn Apple.
“I have long reported Tim Cook about Apple that I expect their iPhone devices to be sold in the United States of America and building in the United States, not India, or anywhere else,” Trump said in a post on the social truth. “If not, then a tariff should be paid at least 25 percent by Apple to the United States.”
It is not clear whether Trump can target one company
The White House was in negotiations with many countries on commercial issues, but progress was unstable.
Trump’s aggressive definitions in April, which would raise the average consumer and companies that would have to pay the price of imported goods by approximately 25 percent, sparked a sale in American assets, including stocks, dollar and treasury. The markets have been recovered since then.
It is not clear whether Trump can impose a tariff on an individual company. Apple did not immediately respond to a Reuters request for comment.
After Trump’s fees in China rose to more than 100 percent in early April, the White House fell due to market turmoil, giving exceptions from sharp tariffs on smartphones and some other imported electronics to a large extent from China, at a break for apple companies and other technology -based technology companies.
According to Apple, most of the iPhone devices that are sold in the United States in factories in India by the end of 2026, and accelerate these plans to move in the high tariff in China, the main manufacturing base.
Apple places India as an alternative manufacturing base amid Trump’s tariff on China, which raised the fears of the supply chain and fears of the high prices of iPhone.
The iPhone maker said most of its smartphones sold in the United States will arise from India in the quarter in June.
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