Trump threatens new rates on the European Union, Apple, which is reconsidering the fear of trade

* Trump is threatening the 25% tariff on non -American -made iPhones * Proposed tariff on Apple will also apply to Samsung, Trump says * President says: ‘I’m not looking for an agreement’ with the EU * shares falling in the US and Europe; Dollar Down, Gold Up * Apple’s planned US investments do not include iPhone production by Philip Blenkinsop, David Lawer, Stephanie van den Berg Brussels/Banff, Canada/The Hague, – U .s. President Donald Trump threatened to abandon his trade war again on Friday, and he used a 50% tariff on the European Union on June 1 and warned Apple that he could clap a 25% charge on all iPhones purchased by US consumers. The twin threats, delivered via social media, gave the global markets some postponement after weeks of de-skalation. Large US indices and European stocks have fallen, the dollar has weakened as the price of gold, a safe haven for investors, has risen. The yields of the US Treasury have dropped on fear of rates’ effect on growth. Trump’s broad to the EU was argued by the conviction of the White House that negotiations with the block did not progress fast enough. But his saber-rattle was also a return to Washington’s stop-and-starting war war that shook markets, businesses and consumers and raised the fear of a global economic downturn. The president’s attack on Apple, meanwhile, is his latest attempt to push a specific company to move production to the United States, to car manufacturers, pharmaceutical businesses and chipmakers. However, the United States does not produce smartphones – even if US consumers buy more than 60 million phones annually – and production movement is likely to increase the cost of iPhones by hundreds of dollars. Later Friday, Trump told reporters in the Oval Office that his proposed tariff on Apple would also apply to ‘Samsung and someone who makes the product’, apparently referring to smartphones. He said he expected the new phone levy to be in place by the end of June. Trump reiterated his complaint that the European Union treated the US badly and limited the US to sell cars in the EU. “And I just said,” It’s time we play the game like I know how to play the game. “” I’m not looking for an agreement, “Trump said when asked if he was expecting an agreement before June 1st. ‘We set the agreement – it’s at 50%. But there is no tariff once again if they build their plant here. ‘ EU head of EU Maros Sefcovic said the European Commission is fully committed to obtaining an agreement that worked for both sides, after a Friday telephone call with talks in The Hague, Dutch Prime Minister Dick Schoof, the EU’s trading strategy and said the EU would probably see this latest announcement as part of the negotiations. “We’ve seen rates in conversation with the US before,” he said. The White House interrupted most of the criminal rates that Trump announced against almost every country in early April after investors sold furious US assets, including government bonds and US dollars. He left a base tax of 10% on most imports, and later reduced his massive tax on 145% on Chinese goods to 30%. “My base case is that they can reach an agreement, but I am very nervous about negotiations with the European Union,” says Nathan Sheets, world head economist at Citigroup in New York. A 50% levy on EU imports can increase consumer prices on everything from German cars to Italian olive oil. The total export of the EU to the United States last year amounted to approximately 500 billion euros, led by Germany, Ireland and Italy. According to the EU data, pharmaceutical products, cars and auto parts, chemicals and aircraft were one of the largest exports. Disputes over rates The White House was in trade negotiations with many countries, but the progress was unstable. Earlier this week, financing leaders of the group of seven industrialized democracies tried to lower disputes over rates on a forum in the Canadian Rocky Mountains. “The EU is one of Trump’s least favorite regions, and it doesn’t seem to have good relationships with its leaders, raising the chance of a long -term trade war between the two,” said Kathleen Brooks, research director at XTB. Berry will not comment on other potential trading transactions, but on Fox News said that more will be announced than the end of the 90-day break at reciprocal rates in July. Shares in German car manufacturers and luxury businesses, some of the most exposed rates, have fallen. Volvo Cars CEO Hakan Samuelsson told Reuters on Friday that customers would have to pay a large part of the tariff -related cost increases, and that it could become impossible to import the smallest cars from the company to the United States. He remained hopeful that an agreement would be reached soon. “It cannot be in the interests of Europe or the US to close the trade between them,” Samuelsson said. Apple refused to comment on Trump’s threat, which would largely turn out exclusions he granted on smartphones and other electronics in a break for large technical firms selling consumer goods. Shares fell by 3% after Trump said in an early Truth Social Post that he told Apple CEO Tim Cook, ‘Long ago’ that ‘I expect their iPhones to be sold in the United States of America, manufactured and built in the United States, not India or anywhere else.’ Cook and Trump met Tuesday according to a source familiar with the situation. Apple speeds up plans to sell most iPhones in the United States in factories in India by the end of 2026 to navigate potentially higher rates in China. But the chance of moving production to the US is slimmer. In February, Apple said it would spend $ 500 billion over four years in nine US states, but the investment was not intended to bring iPhone manufacturing to the US “it is difficult to suggest that Apple can fully meet the request of the president in the next 3-5 years,” DA analyst Gil Luria said. This article was generated from an automated news agency feed without edits to text.