The E.U. has pushed back against President Trump’s latest threat to impose a 50% import tariff on all E.U. goods, warning trade must be built on “respect."

President Trump on Friday took aim at Apple and the European Union in a significant escalation of his ongoing trade war. In a one-two posting spree on Truth Social early Friday, he threatened Apple with 25% tariffs on non-US-made iPhones,

President Donald Trump’s moves Friday to reignite his global trade war laid bare the administration’s bubbling frustration with resistance from both corporations and foreign countries unwilling to rapidly bow to U.