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Newly announced tariffs on EU and Apple will harm U.S. economy, raise costs for consumers
May 23, 2025
WASHINGTON, May 23 [Category: ThinkTank] -- The Competitive Enterprise Institute posted the following news release:

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Newly announced tariffs on EU and Apple will harm U.S. economy, raise costs for consumers

This morning, President Trump announced a 50 percent tariff on the European Union starting on June 1 and a 25 percent tariff on iPhones if Apple does not move production to the United States.

CEI senior economist Ryan Young said:

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