Trump Threatens EU, Smartphones as Tariff Rhetoric Escalates

WATCH: Trump threatened a 50% tariff on goods from the EU starting on June 1. Jonathan Ferro and Lisa Abramowicz report.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jennifer A Dlouhy, Skylar Woodhouse, and Alberto Nardelli

May 23, 2025 at 11:48 AM UTC

Updated on

May 23, 2025 at 8:59 PM UTC

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

President Donald Trump dug in on his threat to impose a 50% tariff on the European Union and said a potential 25% charge on smartphones would apply to all foreign-made devices, in the latest escalation of a trade war that is rattling markets and confusing businesses.