By Admin 
Donald Trump Tariff: US President Donald Trump has once again created a stir in the business world. From June 1, 50% tariffs on all imports of the European Union and 25% tax on foreign smartphones have been announced. This decision of Trump has created turmoil in international markets and global diplomacy. On the decision, Trump said on the social media post that our discussion is not reaching anywhere and they are behaving unjustly with our products.
Apple, which is already transferring production to India to avoid China’s tariff, has now come under the target of Trump. Trump has clearly warned the company’s CEO Tim Cook to either produce Apple in the US or pay 25 % tax. In this way, heavy tariffs on the iPhone directly mean Apple’s smartphones will become expensive and its demand in the US market will be reduced. After this decision, Apple’s shares have fallen by 3% which indicates that the market situation has become serious.
European Union’s response
EU trade chief Maros Sefkovic made a mutual honor and peaceful urge after US President Donald Trump imposed a 50 per cent tariff. Apart from this, Dutch PM Dick Shuf said that this is the old strategy of Trump, they threaten and bargain. If a 50 percent tariff is applied to EU, due to this, many ways will become equal. Due to this, prices of cars, pharmaceuticals, aircraft and aircraft parts will increase. 50% tariffs in these areas may also have to pay heavy prices for American customers.
The impact of Trump’s decision is being seen in the market. American and European stock markets have fallen. Gold prices have seen a rise. On this, Bloomberg’s financial analyst says that earlier the situation of the global market was recovering. However, now the instability has returned once again.
The news is being updated ….