U.S. President Donald Trump has sparked global market jitters with new threats to impose steep tariffs on smartphones and EU imports, targeting tech giants like Apple and Samsung. The move could reshape supply chains and consumer prices worldwide. 🔥
Apple in the Crosshairs
Trump announced a 25% tariff on iPhones unless they're "made in the USA," directly challenging Apple CEO Tim Cook. "I expect iPhones sold here to be built here—not India or anywhere else," he declared on Truth Social. 🇺🇸📱
Samsung Next on the List
When asked about fairness, Trump expanded the threat: "It would be Samsung and anybody making that product." The South Korean company's Galaxy series—a key Apple rival—now faces potential June tariffs. Analysts warn this could trigger a smartphone price surge. 💸
EU Faces 50% Import Tax
Trump also took aim at Europe, proposing a 50% tariff on all EU imports starting June 2025. He accused the bloc of "taking advantage of the U.S." through trade barriers and "unfair lawsuits." Negotiations appear stalled, with Trump calling EU progress "insufficient." 🇪🇺🚫
Why It Matters
• Tech lovers: Your next phone upgrade might cost more • Investors: Supply chain shifts could disrupt markets • Global watchers: Trade tensions risk new inflation waves
As companies scramble to assess the impact, one thing's clear: The global trade chessboard just got a major shake-up. ♟️🌐 Stay tuned for updates!
