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Trump threatens tariffs on EU goods and iPhones

Trump threatens tariffs on EU goods and iPhones

US President Donald Trump has said he is considering a 50% tariff on all goods from the European Union imported into the United States, the BBC reports .

"Our discussions with them are going nowhere!" he said in a social media post on Friday. He said the new tariffs take effect on June 1.

The announcement marks an escalation of Trump's trade war with the EU. He initially proposed a 20% tariff on most EU goods, but halved it to 10% by July 8 to allow time for talks.

The president also threatened to impose a 25% import tax on iPhones that are not made in America.

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