Trump Proposes Extreme Tariffs on EU to Begin in Matter of Days ...Middle East

The president called for a 50 percent tariff on products from the EU, to begin on June 1. 

Earlier in the morning, he suggested also directly tariffing Apple.

The iPhone is primarily manufactured in China, one of the countries with the iciest current trade relationships with the Trump administration (although Apple has moved some manufacturing to India in an attempt to offset that). This tariff, once again aimed to force companies into more domestic manufacturing, could raise the price of the iPhone by 25 percent, which could price it at around $3,000. 

This story has been updated.

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