Donald Trump threatens to impose 50 percent tariff on EU goods in June

FRANCE 24 English

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00:00After weeks of de-escalation, the reprieve was only brief.

00:04U.S. President Donald Trump renewed his trade threats on Friday, recommending a 50% tariff

00:09on goods from the European Union starting the 1st of June.

00:12I'm not looking for a deal.

00:14We've set the deal at 50%.

00:16They haven't treated us properly, they haven't treated our country properly.

00:20They banded together to take advantage of us.

00:24Trump had announced a 20% tariff on EU goods last month, but suspended the measure to make

00:28way for negotiations.

00:30The U.S. President, however, maintained a 10% on imports from the bloc, along with 25%

00:35on the car, steel and aluminium industries.

00:38If the new duties come into effect, it would mean dramatically hiking the current U.S. baseline

00:43levy.

00:44France said the EU stands ready to retaliate to Washington, while the Polish trade minister

00:48downplayed the situation.

00:50So far, we have a clear signal at the political level that the U.S. and the European Union

00:57have decided to hold back on reciprocal tariffs.

01:03We have time until early July to conduct negotiations, and according to my best knowledge, these negotiations

01:10are moving forward.

01:12But the EU was not Trump's only target on Friday.

01:17The U.S. President also took aim at Apple, warning that the tech giant could pay 25% tariffs

01:22on any iPhones manufactured outside the United States.

01:26Comments that sent the global markets plummeting once again, with major stock indices in the

01:30U.S. and across Europe down more than 1%.

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