Trump threatens to impose 50% tariffs, EU says it will hold talks on trade issues

TechFlow, May 23 — According to Jinshi Data citing CCTV News, after Trump threatened on May 23 local time to impose 50% tariffs on the EU and 25% tariffs on Apple Inc., Apple's stock price, U.S. stock index futures, and the euro all declined, reigniting investor concerns over the impact of tariffs on the global economy and trade. On May 23 local time, the European Commission stated it would not comment on the latest U.S. tariff developments until Vice President for Trade and Economic Security Valdis Dombrovskis spoke with U.S. Trade Representative Katherine Tai. The two sides are scheduled to discuss trade issues later that day.