Trump Threatens 50% Tariffs On EU And 25% Penalties On Smart Phones Not Made In America

9 hours ago President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on smart phones unless the products are made in America. The threats were delivered over social media on Friday. They reflect Trump's ability to disrupt the global economy with a burst of typing, as well as the reality that his tariffs aren't producing the sufficient trade deals he’s seeking or the return of domestic manufacturing he's promised to voters.