Trump, Europe and tariff
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(Reuters) -U.S. President Donald Trump said on Friday Apple will have to pay a 25% tariff if phones sold in the country are not made within its borders. Shares of the iPhone maker fell nearly 3% on the news in premarket trading.
European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Europe's luxury industry, producing handbags,
President Trump's threat to slap 50% tariffs on the European Union takes aim at one of America's biggest economic partners. These charts show what's at stake: **The EU runs a big goods-trade defi