Name: Trump Says Tariffs on the European Union Will Start June 1
Uploaded: 2025-05-23T19:14:00Z
Duration: 2 min 45 s
Description: President Trump said the European Union would face a 50% tariff, and he threatened other companies like Apple and Samsung with tariffs for products made overseas.

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President Trump said the European Union would face a 50% tariff, and he threatened other companies like Apple and Samsung with tariffs for products made overseas. Photo: Kent Nishimura/Reuters

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President Trump said the European Union would face a 50% tariff, and he threatened other companies like Apple and Samsung with tariffs for products made overseas.

Trump Says Tariffs on the European Union Will Start June 1

Reporter: What about the European Union? You said the negotiations are going nowhere. Where are the kind of points where--

Well, they're just very slow moving. I've been saying to everybody, they've treated us very badly over the years. It was formed in order to hurt the United States in order to take advantage of the United States. And they've done that. We have a big deficit with them. They sell millions and millions of cars, as you know, Mercedes and BMW and Volkswagen and many others. And we were essentially restricted from selling cars into the European Union, which is not nice. And I just said, it's time that we play the game the way I know how to play the game.

What are you hoping to achieve with a 50% tariffs on the EU?

Well, I think, there is no tariff because what they'll do is they'll send their companies into the US and build their plant. You know, we have, I guess over $12 trillion practically committed. You look at other presidents, they haven't had a trillion dollars for a year, for two years, for three years. We have numbers. Nobody's ever seen numbers like we have. And if they build their plant here, then they have no tariffs at all.

Are you looking for a deal in nine days? Will you be able to do that, sir?

I'm not looking for a deal. I mean, we've set the deal. It's at 50%, but again, there is no tariff if they build their plant here. Now, if somebody comes in and wants to build a plant here, I can talk to them about a little bit of a delay. But, you know, while they're building their plant, which is something I think that would be appropriate maybe. We'll determine that.

Is there anything they can do, sir, is there anything the EU can do?

I don't know. We're gonna see what happens. But right now it's going on on June 1st and that's the way it is. No, they haven't treated us properly. They haven't treated our country properly.

On Apple, you said this morning that if they don't make their iPhones in the US, you're gonna hit them with a 25% tariff. Do you have the power to tariff one single company, and why would you wanna hurt an American company in that way?

It would be also Samsung and anybody that makes that product. Otherwise it wouldn't be fair. So anybody that makes that product, and that'll start on, I guess the end of June, it'll come out. I think we have that appropriately done by the end of June. So if they make that product. Now, again, when they build their plant here, there's no tariff. You know, actually, as you know, Apple's coming in with $500 billion. So are the chip companies. We have all of the chip companies coming in, the biggest, 500 billion, 200 billion, $250 billion they're spending. But we're talking about the iPhone now. And, you know, the iPhone, if they're gonna sell it in America, I want it to be built in the United States.

Trump Says Tariffs on the European Union Will Start June 1

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