Trump threatens new 50% tariffs on EU and 25% on Apple

The stock market took a drop after President Donald Trump threatened to slap the European Union with a 50% tax on imports and tech giant Apple with a 25% tariff on smartphones. In another political battle, a federal judge blocked the Trump administration’s plan to ban international students from attending Harvard. NBC’s Yamiche Alcindor reports for Saturday TODAY.

May 24, 2025 - 18:00
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Trump threatens new 50% tariffs on EU and 25% on Apple
The stock market took a drop after President Donald Trump threatened to slap the European Union with a 50% tax on imports and tech giant Apple with a 25% tariff on smartphones. In another political battle, a federal judge blocked the Trump administration’s plan to ban international students from attending Harvard. NBC’s Yamiche Alcindor reports for Saturday TODAY.

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