0:00
as at the time of filing in this news
0:02
report on Saturday night leaders in the
0:04
European countries have kept mom ever
0:07
since on Friday the United States US
0:10
President Donald Trump announced plans
0:12
to impose 50% tariff on goods not made
0:16
in the North America country that comes
0:18
from European countries with a specific
0:20
threat to impose 25% tariff on Apple if
0:24
the iPhone manufacturer does not move
0:26
production to the United States this
0:29
President Donald Trump based his actions
0:31
on what he claimed to be cases of unfair
0:33
and unjustified lawsuits filed by the
0:36
European countries against American
0:38
companies among other reasons but it
0:41
could be recalled that earlier in the
0:43
month of April 2025 when President Trump
0:46
issued the first tariff threat of 25% on
0:50
European goods the immediate past
0:53
Germany chancellor Olaf Scha had said
0:55
that even if European countries did
0:57
nothing in response to Donald Trump
1:00
imposed tariffs the increased tariffs
1:02
will cause a big problems in the US
1:04
economy adding that Trump intending
1:07
tariff increment on EU goods is an
1:10
economic error and the European
1:12
Commission President Ursula Vanderelian
1:14
had also in early April 2025 said that
1:18
the EU countries is the largest single
1:20
market in the world and the EU have what
1:22
it takes to retaliate or strike back
1:25
president Donald Trump on Friday
1:27
threatened tech giant Apple with a 25%
1:30
tariff if the iPhone manufacturer
1:32
doesn't move production to the United
1:34
States he later said trade talks with
1:38
the European Union were progressing so
1:40
poorly that a 50% tariff should be
1:42
imposed next week June 1st
1:45
2025 president Trump proposed that Apple
1:48
build its iPhones in the US or face a
1:51
25% tariff tech analysts say that would
1:57
$3,500 per phone according to CNN senior
2:00
data analyst Harry Anton who analyzed
2:03
the possible impacts the US president
2:05
action may cause the North American
2:08
residents President Donald Trump has
2:10
said he is recommending imposing 50%
2:14
tariffs on goods from the European Union
2:16
being imported to the United States our
2:19
discussions with them are going nowhere
2:21
he said in a post on social media on
2:24
Friday the announcement marks an
2:26
escalation of Trump's trade war with the
2:28
EU which has already been hit with a
2:31
blanket 20% tariff on all US exports
2:34
according to US media their powerful
2:37
trade barriers VAT taxes ridiculous
2:40
corporate penalties non-monetary trade
2:43
barriers monetary manipulations unfair
2:46
and unjustified lawsuits against
2:48
Americans companies and more have led to
2:51
a trade deficit with the US of more than
2:54
$250 million a year a number which is
2:57
totally unacceptable he wrote in a truth
3:00
social post on Friday morning our
3:03
discussions with them are going nowhere
3:05
Trump wrote therefore I am recommending
3:08
a straight 50% tariff on the European
3:10
Union starting on June 1st
3:13
2025 the tariff Trump is considering
3:16
slapping on the EU is more than double
3:18
the size of the 20% initial reciprocal
3:22
tariff that was briefly in place in
3:24
April before he swiftly paused those
3:26
tariffs to allow for further
3:28
negotiations cnn stated the pause is set
3:32
to expire on July 9th since the pause
3:35
the only trade deal that's been
3:37
announced is with the United Kingdom
3:39
meanwhile US Senator Maria Canwell
3:42
issued statement on Trump's 50% EU
3:45
tariff threat and said "Thus Americans
3:48
already face a summer of high prices it
3:51
is not the time to be threatening new
3:53
tariffs that drive prices even higher
3:56
the European Union is a $19 trillion
3:59
market with 448 million potential
4:02
customers for US exports and it has been
4:05
an important US ally now the EU is
4:08
getting ready for a new trade war when
4:10
we should be focused on working together
4:12
to confront Russia and other global
4:14
challenges the US Senator Maria Canwell
4:18
ranking member of the Senate Committee
4:20
on Commerce Science and Transportation
4:23
and senior member of the Senate Finance
4:26
Committee released this statement in
4:28
regarding President Trump's threat to
4:30
impose a 50% tariffs on imports from the
4:32
European Union earlier in April 2025 the
4:37
European Commission President Ursula von
4:40
Deereian had said a gathering that many
4:43
Europeans feel disheartened by the new
4:45
US tariffs europe didn't start this but
4:48
we have what we need the biggest single
4:51
market the leverage to negotiate the
4:54
means to strike back we'll defend our
4:56
interests the US has announced 25%
5:00
tariffs on steel aluminum cars and parts
5:04
they plan to extend duties to
5:06
semiconductors pharmaceuticals and
5:09
timber on April 2nd 2025 we expect
5:13
further tariffs on almost all goods
5:15
affecting many countries worldwide in
5:18
response to US tariffs we'll act on
5:21
three fronts we're open to talks but
5:24
ready to hit back we'll expand trade
5:27
with other partners and we'll strengthen
5:29
the EU single market remove barriers
5:35
competitiveness we don't want a trade
5:37
war the US EU trade flow is nearly
5:40
balanced but let's be clear we didn't
5:43
start this if needed we have a strong
5:46
retaliation plan and we will use it
5:49
ursula had stated in early April 2025
5:53
we have reported that the escalating
5:55
trade war between the two biggest
5:56
economies in the world China and the
5:59
United States US may take a new twist as
6:02
the China leader Xi Jinping on Friday
6:04
for the first time issued a public
6:06
statement in reaction to President
6:08
Donald Trump continuous issuance of
6:11
apparently outrageous self-imposed
6:13
tariffs on goods exported by other
6:15
countries to the US with the president
6:18
stating clearly to Trump that China is
6:20
not afraid of US this is in addition to
6:23
Jinping earlier statement he issued on
6:25
November 5th 2018 during the first
6:27
tenure of President Donald Trump that
6:29
the Chinese economy is an ocean and not
6:32
a pond that China economy can withstand
6:34
strong winds and storms
6:37
and because of this collective
6:39
experience of the last well almost 75
6:42
years so many Europeans feel utterly
6:46
disheartened by the announcement from
6:48
the United States we are open to meet
6:51
let me be clear europe did not start
6:53
this confrontation we think it is
6:56
wrong but my message to you today is
7:00
that we have everything we need to
7:03
protect our people and our
7:06
prosperity we have the largest single
7:08
market in the world we have the strength
7:11
to negotiate we have the power to push
7:14
back and the people of Europe should
7:17
know that together we will always
7:20
promote and defend our interests and our
7:23
values and together we will always stand
7:30
get you the knees in a multi
