Europe Leaders Keep Mum As Trump Plans 50% Tariff On Goods Not Made In US

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Europe Leaders Keep Mum As Trump Plans 50% Tariff On Goods Not Made In US https://osazuwaakonedo.news/europe-leaders-keep-mum-as-trump-plans-50-tariff-on-goods-not-made-in-us/24/05/2025/ #Issues #EU #Tariffs #Trump #US ©May 24th, 2025 ®May 24, 2025 11:13 pm As at the time of filing in this news report on Saturday night, leaders in the European countries have kept mum ever since on Friday, the United States, US President, Donald Trump announced plans to impose 50 percent tariff on goods not made in the North America country that comes from European countries, with a specific threat to impose 25 percent tariff on Apple if the iPhone manufacturer does not move production to the United States, this, President Donald Trump based his actions on what he claimed to be cases of unfair and unjustified lawsuits filed by the European countries against American companies among other reasons, but, it could be recalled that, earlier in the month of April 2025 when President Trump issued the first tariff threat of 25 percent on European goods, the immediate past Germany Chancellor, Olaf Scholz had said that even if European countries did nothing in response to Donald Trump imposed tariffs, the increased tariffs will cause a big problems in the US economy, adding that, Trump intending tariff increment on EU goods is an economic error, and the European Commission President , Ursula Von Der Leyen had also in early April 2025 said that the EU countries is the largest single market in the world and the EU have what it takes to retaliate or strike back. #OsazuwaAkonedo

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00:00As of the time of filing in this news report on Saturday night,

00:04leaders in the European countries have kept mum ever since on Friday,

00:08the United States, US President, Donald Trump announced plans to impose 50% tariff on goods

00:15not made in the North America country that comes from European countries,

00:20with a specific threat to impose 25% tariff on Apple if the iPhone manufacturer does not

00:26move production to the United States. This, President Donald Trump based his actions on

00:31what he claimed to be cases of unfair and unjustified lawsuits filed by the European

00:36countries against American companies among other reasons, but, it could be recalled that,

00:42earlier in the month of April 2025, when President Trump issued the first tariff threat of 25%

00:50on European goods, the immediate past Germany Chancellor, Olaf Scholz, had said that even

00:56if European countries did nothing in response to Donald Trump imposed tariffs, the increased

01:02tariffs will cause a big problems in the US economy, adding that, Trump intending tariff

01:07increment on EU goods is an economic error, and the European Commission President, Ursula

01:14von der Leyen had also in early April 2025 said that the EU countries is the largest single

01:20market in the world and the EU have what it takes to retaliate or strike back.

01:26President Donald Trump on Friday threatened tech giant Apple with a 25% tariff if the iPhone

01:32manufacturer doesn't move production to the United States. He later said trade talks with

01:38the European Union were progressing so poorly that a 50% tariff should be imposed next week,

01:43June 1, 2025. President Trump proposed that Apple build its iPhones in the US or face a 25% tariff.

01:53Tech analysts say that would balloon prices to $3,500 per phone, according to CNN senior data analyst,

02:01Harry Enten who analyzed the possible impacts the US president action may cause the North American residents.

02:08President Donald Trump has said he is, recommending, imposing 50% tariffs on goods from the European

02:16Union being imported to the United States. Our discussions with them are going nowhere,

02:21he said in a post on social media on Friday. The announcement marks an escalation of Trump's

02:27trade war with the EU, which has already been hit with a blanket 20% tariff on all US exports,

02:34according to US media. Their powerful trade barriers, bad taxes, ridiculous corporate penalties,

02:42non-monetary trade barriers, monetary manipulations, unfair and unjustified lawsuits against Americans'

02:49companies, and more, have led to a trade deficit with the US of more than $250 million a year,

02:56a number which is totally unacceptable, he wrote in a Truth Social post on Friday morning.

03:02Our discussions with them are going nowhere, Trump wrote, therefore, I am recommending a

03:08straight 50% tariff on the European Union, starting on June 1, 2025. The tariff Trump is

03:16considering slapping on the EU is more than double the size of the 20% initial, reciprocal,

03:22tariff that was briefly in place in April before he swiftly paused those tariffs to allow for further

03:27negotiations, CNN stated. The pause is set to expire on July 9. Since the pause, the only trade deal

03:36that's been announced is with the United Kingdom. Meanwhile, US Senator Maria Cantwell issued statement

03:43on Trump's 50% EU tariff threat and said thus. Americans already face a summer of high prices.

03:51It is not the time to be threatening new tariffs that drive prices even higher. The European Union is

03:57a $19 trillion market with 448 million potential customers for US exports. And it has been an

04:05important US ally. Now the EU is getting ready for a new trade war when we should be focused on working

04:12together to confront Russia and other global challenges. The US Senator, Maria Cantwell,

04:18ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of

04:24the Senate Finance Committee, released this statement in regarding President Trump's threat to impose a

04:3050% tariffs on imports from the European Union. Earlier in April, 2025, the European Commission President,

04:39Ursula von der Leyen had said a gathering that, many Europeans feel disheartened by the new US tariffs.

04:46Europe didn't start this, but we have what we need, the biggest single market, the leverage to negotiate,

04:53the means to strike back. We'll defend our interests. The US has announced 25% tariffs on steel,

05:01aluminum, cars, and parts. They plan to extend duties to semiconductors, pharmaceuticals,

05:08and timber. On April 2, 2025, we expect further tariffs on almost all goods, affecting many

05:16countries worldwide. In response to US tariffs, we'll act on three fronts. We're open to talks,

05:24but ready to hit back. We'll expand trade with other partners. And we'll strengthen the EU single

05:30market, remove barriers, grow our scale, boost competitiveness. We don't want a trade war.

05:38The US-EU trade flow is nearly balanced. But let's be clear, we didn't start this. If needed,

05:45we have a strong retaliation plan. And we will use it, Ursula had stated in early April 2025.

05:53We had reported that the escalating trade war between the two biggest economies in the world,

05:58China and the United States, US may take a new twist as the China leader. Xi Jinping on Friday for the

06:05first time issued a public statement in reaction to President Donald Trump continuous issuance of

06:11apparently outrageous self-imposed tariffs on goods exported by other countries to the US,

06:17with the President stating clearly to Trump that China is not afraid of US. This is in addition to

06:23Jinping earlier statement he issued on November 5, 2018 during the first tenure of President Donald Trump,

06:29that the Chinese economy is an ocean and not a pond, that China economy can withstand strong winds

06:35and storms. And because of this collective experience of the last, well, almost 75 years,

06:43so many Europeans feel utterly disheartened by the announcement from the United States.

06:49Let me be clear. Europe did not start this confrontation. We think it is wrong. But my message to you today is

07:00that we have everything we need to protect our people and our prosperity. We have the largest single

07:08market in the world. We have the strength to negotiate. We have the power to push back. And the people of

07:15Europe should know that together we will always promote and defend our interests and our values. And

07:24together we will always stand up for our Europe.

07:29Our level, bringing you the news in a more digital world.

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