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"Volatility" returns as Trump revives tariff plans: 50% on Europe, 25% on iPhones

Rob Beschizza
May 23, 2025
∙ Paid

Sarah A. Boardman's portrait of president Donald Trump modified to meet his needs

Targeting the European Union and U.S. tech giant Apple, president Donald Trump threatened 50% tariffs on goods coming from Europe ("Our discussions with them are going nowhere!") and 25% on iPhones coming in irrespective of origin ("iPhone's … will be manufactured and built…

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