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The wave of dumping cabinets has arrived! Cabin and container shortages, peak season ahead | Maritime export logistics
May 24,2025
On the morning of May 23, Eastern Standard Time, Trump announced through his social media platform Trush Social that he plans to impose a 50% tariff on all goods imported from the European Union to the United States from June 1. Trump claimed that the main purpose of the European Union's establishment was to "take advantage of the United States in trade," accusing the European Union of imposing strong trade barriers, value-added tax, absurd company penalties, and other measures that led to the United States' huge trade deficit with the European Union, and that there has been no progress in the tariff negotiations between the two sides. He also specifically pointed out that if the goods are manufactured or produced in the United States, they will not be subject to tariffs.
On the same day, Trump also called out Apple on social media, demanding that it manufacture iPhones within the United States, or face at least a 25% tariff. He claimed that he had told Apple CEO Tim Cook about this demand a long time ago. Over the past few weeks, Trump has continued to pressure Apple and Cook to increase domestic manufacturing in the United States. Although Cook met with Trump at the White House on Tuesday, no details of the meeting were disclosed. Apple has announced an investment of $500 billion in the United States, including the production of artificial intelligence servers in Houston.
If Apple is subject to higher tariffs, it will have a significant impact on its profitability. Cook said at the May earnings conference that the tariffs will result in an additional $900 million in costs for the company in the third quarter, and possibly higher in the next few quarters. Some analysts estimate that moving the iPhone production line to the United States will increase Apple's prices by 25%.
The European Commission said that it would not comment on the new developments of US trade tariffs until the trade and economic security commissioner of the European Commission, Ševčović, spoke with US trade representative Grier. The two sides will hold a phone call later that day to discuss trade issues.
After Trump threatened to impose a 50% tariff on the EU and a 25% tariff on Apple, Apple's stock price, US futures contracts, and the euro all fell.
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