Business reporters, BBC News
Getty ImagesUS President Donald Trump reignited trade tensions on Friday, threatening a 50% tariff on all goods sent to the United States from the European Union.
He also warned Apple that he would impose a 25% import tax “at least” on iPhones not manufactured in America, later widening the threat to any smartphone.
The warning against the EU came just hours before the two sides were set to have trade talks. Trump last month announced a 20% tariff on most EU goods, but had halved it to 10% until 8 July to allow time for negotiations.
In a statement after the talks, the EU said it remained committed to securing a deal, while warning again that it was prepared to retaliate.
“EU-US trade is unmatched & must be guided by mutual respect, not threats,” European Union Trade Commissioner Maroš Šefčovič wrote on social media. “We stand ready to defend our interests.”
In remarks to…
