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The European Union now faces a deadline of June 1 rather than July 8, while the end of June looks key for Apple and Samsung
Published: May 23, 2025 at 5:11 p.m. ET
U.S. President Donald Trump issued new tariff threats on Friday that targeted the European Union and makers of smartphones, saying the E.U. will face a 50% levy on June 1 because trade talks are “going nowhere.”
Regarding phone makers, Trump said Apple Inc. AAPL will face an import tax of “at least 25%” on any iPhones not made in the U.S. Later in the day, he said his trade action would extend to Samsung Electronics Co. KR:005930 “and anybody that makes that product,” adding that it would hit around the end of June.