US President Donald Trump has threatened to impose 50% tariff on European Union countries. He posted on social media that all products coming from the European Union will be subjected to 50% tariff, unless these products are made in the US. Trump is planning to implement it on June 1. According to a PTI report, Trump is angry with the trade deal with the European Union not moving forward. The EU has proposed to reduce all tariffs to zero by mutual consent, while Trump is adamant on imposing 10% tariff on all types of imports. Trump made it clear while talking to journalists in the Oval Office that he does not want any agreement with the EU. If companies invest in the US, the tariff can be avoided. European Union said we do not trade in fear of threats European Union (EU) business head Maros Sefcovic said on Trump’s threat that we are committed to trade with America with respect, not in fear of threats. Sefcovic said – There is a huge trade between the EU and the US. It should be run with mutual respect, not threats. We are ready to defend our interests. Let us tell you that there is a mutual trade of more than 900 billion dollars between the EU and the US. Last year, the EU sent goods worth more than 600 billion dollars to the US and bought goods worth 370 billion dollars. 25% tariff on smartphones coming from other countries Before the announcement of tariff on Europe, Trump had warned of imposing a 25% tariff on iPhones made in India and other countries. Trump said that I had already told Apple’s Tim Cook that iPhones sold in America should be manufactured in America only. Not in India or anywhere else. If this does not happen, then Apple will have to pay at least 25% tariff to the US. Later, Trump clarified that tariff will be imposed on all smartphones made abroad and this could come into effect by the end of June. Trump does not want Apple products to be manufactured in India Donald Trump does not want Apple products to be manufactured in India. Last week, Trump had told the company’s CEO Tim Cook that there is no need to set up factories in India. India can take care of itself. Trump gave information about this conversation with the Apple CEO in a program with business leaders in Doha, the capital of Qatar, on Thursday (May 15). He had said that Apple will now have to increase production in America. Despite this, Apple’s largest contract manufacturer Foxconn has invested $ 1.49 billion (about ? 12,700 crores) in India. Foxconn has made this investment in Yuzhan Technology (India) Private Limited of Tamil Nadu in the last 5 days through its Singapore unit. By 2026, 6 crore+ iPhones will be made annually in the country.
