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WSJ What’s News

President Trump Threatens New Tariffs on the EU and Smartphones

Fri, 23 May 2025

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P.M. Edition for May 23. In posts on social media and statements from the Oval Office today, President Trump threatened a 50% tariff on imported goods from the European Union, as well as new duties on iPhones and other smartphones made overseas. WSJ reporter Gavin Bade joins to discuss how the EU might negotiate with the president, and whether Apple can make iPhones in the U.S. Plus, a weak bond auction earlier this week pushed some long-term bond yields higher. WSJ chief economics commentator Greg Ip digs into what’s behind this recent bond turmoil. And a judge temporarily blocked the government’s move to prevent Harvard from enrolling international students. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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