Trump threatens big EU tariffs; approves US Steel deal, and more
The World in Brief from The Economist
The Economist
4.1 • 1.2K Ratings
🗓️ 24 May 2025
⏱️ 5 minutes
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| 0:00.0 | The Economist |
| 0:04.2 | Hello, you're listening to the free edition of the world in brief from The Economist. |
| 0:11.2 | As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day. |
| 0:20.0 | If you're already an Economist subscriber, visit |
| 0:22.9 | economist.com slash espresso or visit our Espresso app to start listening. Here's today's |
| 0:29.4 | free edition. |
| 0:34.4 | This is the world in brief from The Economist. |
| 0:42.3 | Our top stories. |
| 0:44.3 | Donald Trump said he will impose a 50% tariff on EU imports from June 1st, |
| 0:51.3 | claiming that trade talks with the block are, quote, going nowhere. |
| 0:55.9 | He also threatened a 25% tariff on iPhones made outside America, |
| 1:01.5 | pressuring Apple to shift production from China and India. |
| 1:04.9 | The announcement's rattled markets, Apple shares fell 4%, |
| 1:09.8 | and Europe's Stock's 600 index dropped nearly 2%. |
| 1:16.4 | Mr. Trump approved a, quote, partnership between U.S. steel and Nippon Steel, a Japanese rival. |
| 1:24.1 | The president said that, under the deal, the American firm will remain in Pennsylvania, creating |
| 1:30.3 | jobs and adding $14 billion to America's economy. In January, President Joe Biden blocked a |
| 1:37.8 | proposed $14.9 billion takeover by Nippon, supposedly on the grounds that it was a threat to national security. |
| 1:46.9 | A judge in Boston temporarily blocked the Trump administration's effort to revoke Harvard University's |
| 1:54.2 | ability to enroll international students. She agreed that the move, which Harvard called |
| 2:00.0 | unconstitutional and politically motivated, would cause, quote, immediate and irreparable injury. |
| 2:08.2 | Christy Noam, America's Homeland Security Secretary, said the action follows Harvard's failure to provide records on alleged misconduct by foreign students. The university |
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