Trump Threatens to Raise Tariffs on Apple and European Union

Group 1 - President Trump has threatened to impose a 25% tariff on Apple if iPhones sold in the U.S. are not manufactured domestically [1] - Apple's strategy includes increasing U.S.-bound smartphone shipments from India, rising from 16% in Q1 2024 to 26% in Q1 2025, with plans to source all U.S.-bound iPhones from India by the end of 2026 [2] - Treasury Secretary Scott Bessent emphasized the need for Apple to assist in securing the semiconductor supply chain as part of efforts to bring precision manufacturing back to the U.S. [3][4] Group 2 - Trump criticized the European Union for its trade barriers and proposed a 50% tariff on EU goods starting June 1, 2025, due to ongoing trade discussions being unproductive [5] - The European Union currently faces 25% tariffs on certain goods and 10% on nearly all other products [5]