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Trump proposes 50% EU tariff, 25% iPhone levy, causing market turmoil and gold surge amid trade tensions.
President Donald Trump has announced plans for a 50% tariff on EU goods and a 25% levy on imported iPhones, intensifying global trade uncertainty.
Markets quickly reacted with major stock indexes falling and gold prices spiking as investors sought safe havens.
Trump’s bold move reflects frustration with slow EU negotiations, aiming to pressure companies like Apple to bring production back to the U.S.
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