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Ships are canceling crossings to U.S., and Trump’s new 50% E.U. tariff threat isn’t likely to help – Vested Daily
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Ships are canceling crossings to U.S., and Trump’s new 50% E.U. tariff threat isn’t likely to help

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The spotlight was back on U.S. supply chains heading into the Memorial Day weekend after President Donald Trump threatened

a “straight” 50% tariff on the European Union and at least a 25% levy on iPhones and other smartphones made abroad.

Trump said, in an early social-media post, that he was considering putting the new E.U. levy in place as soon as June 1, because talks with the European Union “are going nowhere!” That took the stock market down another notch, and left all three major equity-market indexes SPX DJIA COMP with big weekly losses.

This post was originally published on Market Watch

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