President Trump fired new salvos in the global trade war, threatening a 50% tariff on imported goods from the European Union and new duties on iPhones made overseas.

President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on smartphones unless those products are made in America. The threats, delivered over social media,

Calling the European Union "very difficult to deal with," President Donald Trump said Friday the United States would move to enact a 50% tariff on the EU.