<h1>Trade War Escalates: Leader Proposes 50% EU Import Tariffs and 25% Penalties on Foreign Tech Manufacturing</h1> A prominent political leader threatened 50% tariffs on European Union imports and 25% penalties on smartphones not manufactured in the United States. The threats target major technology companies and aim to pressure manufacturers to relocate production domestically. The proposed tariffs could significantly impact global trade dynamics, potentially raising consumer prices and disrupting international supply chains. The announcements caused market fluctuations and raised concerns about trade negotiations and economic stability.