High-end medical devices, including those made in the United States, may be especially vulnerable to tariffs because they’re built with parts from around the world.

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,

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

According to JPMorgan, U.S. President Donald Trump is trying to achieve conflicting objectives with his tariff policy by trying to keep the door open for negotiations while also expecting higher revenue and a change to world trading structure.

While tariff-fueled inflation has yet to show up broadly in the economy, it could be driving a noticeable uptick in the cost of furniture and other household furnishings.

The ports of Los Angeles and Long Beach rival most cargo hubs in the world. The tariffs imposed by President Trump may force the ports to reinvent themselves — again.

President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.