President Donald Trump dug in on his threat to impose a 50% tariff on the European Union and said a potential 25% charge on imported Apple Inc. smartphones would also apply to Samsung Corp. devices if they do not move production to the US.

President Trump threatened Apple with a 25% tariff on iPhones unless the company moves manufacturing to the U.S. and 50% blanket tariffs on the European Union because the administration feels trade talks aren't progressing quickly enough.

President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on Apple products unless iPhones are made in America.