The European Union has issued a declaration aimed squarely at former President Donald Trump, stating, "We stand ready to defend our interests." The EU's statement came in response to a threat made by Trump last Friday, in which he warned the collective of European nations of a possible imposition of new tariffs, potentially as high as 50%. EU Trade Commissioner Maros … [Read more...] about EU Fires Back at Trump Tariff Threat: ‘We Stand Ready’
European Union
Trump Eyes 50% EU Tariffs, 25% Hit on Apple as Trade War Escalates
President Donald Trump has proposed a substantial increase in tariffs on imports from the European Union, potentially up to 50%. The President has also suggested a 25% tariff on Apple products, unless the company begins manufacturing iPhones within the United States. Trump expressed his intent to impose higher import taxes on goods from the EU, a long-standing U.S. ally, … [Read more...] about Trump Eyes 50% EU Tariffs, 25% Hit on Apple as Trade War Escalates
Trump Calls for Steep Tariff on EU Imports
President Donald Trump proposed a 50% tariff on goods imported from the European Union beginning June 1, 2025. The announcement came via social media, a preferred method of communication for the President. The President's post on Truth Social detailed his grievances with the European Union, which, in his view, was formed with the primary aim of exploiting the United States … [Read more...] about Trump Calls for Steep Tariff on EU Imports
EU Slaps TikTok with $600M Fine Over China Data Transfers
After a four-year probe, the European Union's privacy watchdog fined TikTok 600 million dollars (530 million euros) after finding that data transfers from the video sharing application to China placed users at risk of espionage and violated strict EU data privacy regulations. The Irish Data Protection Commission has also fined TikTok because it was not transparent about the … [Read more...] about EU Slaps TikTok with $600M Fine Over China Data Transfers