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0:16Now PlayingPresident Donald Trump threatened a sweeping 50% tariff on the European Union and a 25% levy on Apple Inc. if the tech giant failed to move iPhone manufacturing to the US, reigniting investor fears about his trade agenda.
Trump said Friday in a social media post that the higher charge on the EU would start on June 1 because “our discussions with them are going nowhere,” adding that he saw the bloc as “very difficult to deal with.”
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