The tariff crisis Trump's tariff policy

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Trump: Wants to see 50 percent tariffs on goods from the EU

Trump recommends 50 percent tariffs on goods from the EU from June 1, he writes on Truth Social.

"Our discussions with them are going nowhere!", writes Trump, who believes that the EU has been "very difficult to deal with".

However, there will be no tariffs on products built or manufactured in the USA, he concludes.

The Stockholm Stock Exchange and the stock exchanges in Europe turn sharply down after Donald Trump's latest tariff play.

On Wall Street, futures are pointing sharply downward. Dow Jones is down 1.4 percent in pre-trade, while the Nasdaq Stock Exchange and S&P500 are down 1.8 and 1.5 percent respectively.

Sources: Trump pressures the EU to unilaterally lower tariffs

Donald Trump's chief negotiator Jamieson Greer is pressuring the EU to unilaterally lower tariffs on American goods. This is reported by sources for the Financial Times.

Without concessions, the parties will not make any progress in the negotiations to avoid further "reciprocal" tariffs of 20 percent.

Greer is expected to inform his EU counterpart Maros Sefcovic later today that the EU's latest so-called shared document does not meet expectations.

The US is said to be dissatisfied with the EU having only agreed to mutual tariff reductions, rather than unilateral ones, as other parties have proposed. The EU has also been willing to negotiate on its proposed digital tax, which the US has had as a demand.

Trump: Apple should pay "at least" 25 percent in tariffs

The US president says he expects iPhones sold in the US to also be manufactured there. Otherwise, he intends to impose tariffs of "at least 25 percent", he writes on Truth Social.

He further writes that he informed the company's CEO Tim Cook about this a long time ago.

The share is falling in pre-trade on Wall Street.

Voices about the tariffs
Experts on Trump's threat: "Shows that things are not going so well"

An escalation, even if the last word has not been said yet. This is what Swedbank's chief economist Mattias Persson told TT, after Donald Trump threatened new tariffs against the EU on Friday afternoon.

- You have to feel a sense of concern, we don't know where it will end, he says.

SEB's US economist Elisabet Kopelman believes that Trump's words should primarily be seen as a way to put pressure on the EU.

- It is a sign that the negotiations are not going so well, she says.

Kopelman believes that the tariffs could very well be removed, but that given Trump's history, it is unlikely to last very long.

SEB's senior economist Robert Bergqvist writes in a post on X that Trump's tariff moves against the EU "add to the conclusion that USD assets should carry risk premiums".

EU keeps quiet while waiting for tense phone meeting with the US

Top officials from the EU and the US are to hold a phone meeting at 5:30 p.m. Swedish time, reports the Wall Street Journal. The call is planned after US President Donald Trump said he is recommending 50 percent tariffs on all goods from the EU, as he believes the trade talks are going in the wrong direction.

An EU spokesperson says that Trump's move will not be commented on until the phone meeting is over.

The move led to immediate declines on stock markets in the US and Europe.