Stocks fell while a top E.U. official responded by saying that trade "must be guided by mutual respect, not threats."

Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”

In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.

    • Buffalox@lemmy.worldEnglish
      19·
      7 months ago

      I think here we call it. “Don’t interrupt your enemy when he is busy destroying himself.”

      • madame_gaymesEnglish
        121·
        7 months ago

        Pretty sure that’s a French thing (Napoleon), but maybe you’re French and that’s what you mean by “here.”

        Sun Tzu also said something similar before Napoleon (Art of War, Ch 4-2):

        To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

        • Buffalox@lemmy.worldEnglish
          8·
          7 months ago

          Here is “the west”.
          Maybe Napoleon said it first IDK. I’m from Denmark, but I heard it from Americans.