0:00
as at the time of filing in this news
0:02
report on saturday night leaders in the
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european countries have kept mom ever
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since on friday the united states us
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president donald trump announced plans
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to impose 50% tariff on goods not made
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in the north america country that comes
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from european countries with a specific
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threat to impose 25% tariff on apple if
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the iphone manufacturer does not move
0:26
production to the united states this
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president donald trump based his actions
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on what he claimed to be cases of unfair
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and unjustified lawsuits filed by the
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european countries against american
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companies among other reasons but it
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could be recalled that earlier in the
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month of april 2025 when president trump
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issued the first tariff threat of 25% on
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european goods the immediate past
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germany chancellor olaf scha had said
0:55
that even if european countries did
0:57
nothing in response to donald trump
1:00
imposed tariffs the increased tariffs
1:02
will cause a big problems in the us
1:04
economy adding that trump intending
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tariff increment on eu goods is an
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economic error and the european
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commission president ursula vanderelian
1:14
had also in early april 2025 said that
1:18
the eu countries is the largest single
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market in the world and the eu have what
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it takes to retaliate or strike back
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president donald trump on friday
1:27
threatened tech giant apple with a 25%
1:30
tariff if the iphone manufacturer
1:32
doesn't move production to the united
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states he later said trade talks with
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the european union were progressing so
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poorly that a 50% tariff should be
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imposed next week june 1st
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2025 president trump proposed that apple
1:48
build its iphones in the us or face a
1:51
25% tariff tech analysts say that would
1:57
$3,500 per phone according to cnn senior
2:00
data analyst harry anton who analyzed
2:03
the possible impacts the us president
2:05
action may cause the north american
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residents president donald trump has
2:10
said he is recommending imposing 50%
2:14
tariffs on goods from the european union
2:16
being imported to the united states our
2:19
discussions with them are going nowhere
2:21
he said in a post on social media on
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friday the announcement marks an
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escalation of trump's trade war with the
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eu which has already been hit with a
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blanket 20% tariff on all us exports
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according to us media their powerful
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trade barriers vat taxes ridiculous
2:40
corporate penalties non-monetary trade
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barriers monetary manipulations unfair
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and unjustified lawsuits against
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americans companies and more have led to
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a trade deficit with the us of more than
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$250 million a year a number which is
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totally unacceptable he wrote in a truth
3:00
social post on friday morning our
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discussions with them are going nowhere
3:05
trump wrote therefore i am recommending
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a straight 50% tariff on the european
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union starting on june 1st
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2025 the tariff trump is considering
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slapping on the eu is more than double
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the size of the 20% initial reciprocal
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tariff that was briefly in place in
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april before he swiftly paused those
3:26
tariffs to allow for further
3:28
negotiations cnn stated the pause is set
3:32
to expire on july 9th since the pause
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the only trade deal that's been
3:37
announced is with the united kingdom
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meanwhile us senator maria canwell
3:42
issued statement on trump's 50% eu
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tariff threat and said "thus americans
3:48
already face a summer of high prices it
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is not the time to be threatening new
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tariffs that drive prices even higher
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the european union is a $19 trillion
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market with 448 million potential
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customers for us exports and it has been
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an important us ally now the eu is
4:08
getting ready for a new trade war when
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we should be focused on working together
4:12
to confront russia and other global
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challenges the us senator maria canwell
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ranking member of the senate committee
4:20
on commerce science and transportation
4:23
and senior member of the senate finance
4:26
committee released this statement in
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regarding president trump's threat to
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impose a 50% tariffs on imports from the
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european union earlier in april 2025 the
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european commission president ursula von
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deereian had said a gathering that many
4:43
europeans feel disheartened by the new
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us tariffs europe didn't start this but
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we have what we need the biggest single
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market the leverage to negotiate the
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means to strike back we'll defend our
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interests the us has announced 25%
5:00
tariffs on steel aluminum cars and parts
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they plan to extend duties to
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semiconductors pharmaceuticals and
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timber on april 2nd 2025 we expect
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further tariffs on almost all goods
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affecting many countries worldwide in
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response to us tariffs we'll act on
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three fronts we're open to talks but
5:24
ready to hit back we'll expand trade
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with other partners and we'll strengthen
5:29
the eu single market remove barriers
5:35
competitiveness we don't want a trade
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war the us eu trade flow is nearly
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balanced but let's be clear we didn't
5:43
start this if needed we have a strong
5:46
retaliation plan and we will use it
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ursula had stated in early april 2025
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we have reported that the escalating
5:55
trade war between the two biggest
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economies in the world china and the
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united states us may take a new twist as
6:02
the china leader xi jinping on friday
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for the first time issued a public
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statement in reaction to president
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donald trump continuous issuance of
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apparently outrageous self-imposed
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tariffs on goods exported by other
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countries to the us with the president
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stating clearly to trump that china is
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not afraid of us this is in addition to
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jinping earlier statement he issued on
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november 5th 2018 during the first
6:27
tenure of president donald trump that
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the chinese economy is an ocean and not
6:32
a pond that china economy can withstand
6:34
strong winds and storms
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and because of this collective
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experience of the last well almost 75
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years so many europeans feel utterly
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disheartened by the announcement from
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the united states we are open to meet
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let me be clear europe did not start
6:53
this confrontation we think it is
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wrong but my message to you today is
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that we have everything we need to
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protect our people and our
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prosperity we have the largest single
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market in the world we have the strength
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to negotiate we have the power to push
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back and the people of europe should
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know that together we will always
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promote and defend our interests and our
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values and together we will always stand
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