Trump Threatens New Trade War Against EU and Smartphones

TaiwanPlus News

U.S. President Donald Trump is threatening a new trade war targeting Europe and smartphone manufacturers. In addition to a 25% levy on smartphones made outside the U.S., Trump says he’ll impose a 50% tariff on EU goods starting June 1.

Transcript

00:00U.S. President Donald Trump is threatening to open a new front in the trade war, this

00:05time targeting Europe and smartphone manufacturers.

00:08On Apple, you said this morning that if they don't make their iPhones in the U.S., you're

00:14going to hit them with a 25 percent tariff.

00:16Do you have the power to tariff one single company?

00:19And why would you want to hurt an American company in that way?

00:22It would be more.

00:23It would be also Samsung and anybody that makes that product.

00:26Otherwise, it wouldn't be fair.

00:28In addition to a 25 percent levy on smartphones made outside the U.S., Donald Trump says he'll

00:34impose a 50 percent tariff on EU goods starting June 1st.

00:38His comments come after Taiwanese electronics giant Foxconn, the iPhone's manufacturer, announced

00:44a 1.5 billion U.S. dollar investment in India.

00:48The move also follows stalled trade talks with the European Union and has revived fears of

00:53another economic standoff.

00:56The EU's trade chief said the union is committed to securing a trade deal based on respect,

01:01not threats.

01:01mindful of all remaining actions in India.

01:06.

01:06The EU's trade chief said the government would also provideính

01:09direct care to the public tongue and

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