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Trump threatens to impose a 50% tariff; the EU says it will hold talks to discuss trade issues.
[Trump Threatens 50% Tariff, EU Says Will Discuss Trade Issues] After Trump threatened on May 23 local time to impose a 50% tariff on the EU and a 25% tariff on Apple, Apple’s stock price, U.S. stock index futures, and the euro fell, reigniting investors' concerns about the impact of tariffs on the world economy and trade. The European Commission stated on the 23rd that it would not comment on the new direction of U.S. trade tariffs until EU Commissioner for Trade and Economic Security Šefčovič spoke with U.S. Trade Representative Tai. Later that day, both sides will discuss trade issues.