Trump threatened the EU with 50% duties after just one week

President Donald Trump has made new threats to his duties campaign, threatening to impose a 50% rate of the European Union in just a week. In addition, he alerts Apple that the iPhone produced abroad may face considerable duties of at least 25%.

Earlier today, the Financial Times announced that the US negotiators were urging the EU to make a unilateral reduction in US goods duties, stating that without discounts, the block would not progress in negotiations to avoid an additional 20% « reciprocal » duties.

Futures of leading stock indexes in the United States immediately dropped sharply, the indices in Europe – also: DAX lost 2.84%, CAC -40 came down by 3.03%, and FTSE 100 – by 1.45%.

The United States imposed 25% duties on cars, steel and EU aluminum in March and 20% duties on other EU goods in April. They then reduced the 20 % rate by July 8, setting a 90-day window to negotiate to reach a more comprehensive duties agreement. In response, the 27-member EU has stopped its own plans for retiring duties on some American goods and proposed zero duties for all industrial goods on both sides.

« The European Union, which was created for the main goal of taking advantage of the United States in trade, was very difficult to work with. Their powerful trade barriers, VAT, ridiculous corporate sanctions, non -monetary trade barriers, monetary manipulations, unjust and unjustified, which is a year against US Companies and others Completely unacceptable, « Trump wrote on his Truth Social platform.

« Our discussions with them do not lead anywhere! So I recommend a direct 50% duties for the European Union, starting on June 1, 2025. There is no duty if the product is built or manufactured in the United States. Thank you for your attention to this issue! »

In addition to stock futures, the US dollar has also weakened against most major currencies, while gold, usually regarded as an asset asylum, is heading for its highest weekly increase of more than a month. The yield on government bonds has dropped.

Higher US and European Union has been expected to talk on Friday to take stock of their duties negotiations.

Finance and central banks of the G7 made an unclear statement on Thursday, which did not mention levies and only once mentioned « trade » after a three-day economic meeting at the summit, which participates in the Minister of Finance Scott Buzant.

The Financial Times, quoted by Reuters, claims that US sales representative Jamison Greer is preparing to tell the European Commercial Commissioner Maros Chiefchovic that the recent « explanatory note » shared by Brussels on the negotiations does not meet the US expectations.

« The priority for the EU is to seek a fair, balanced deal with the United States, as our large -scale trade and investment relations deserve, » Oloff Gil, a spokesman for the European Commission, said in an email to Reuters. The European Union continues to actively interact with the United States, with Commissioner Chefchovic talking to Greer on Friday, Gill added.

FT reported, citing anonymous sources that the EU is pushing for a jointly agreed framework for negotiations, but both sides remain too far apart.

The European Commission declined to comment on the US President’s recommendation, explaining that he would wait for a telephone conversation between Maros Chiefchovic and Jamison Greer at 6 pm Bulgarian time.