Good morning, it’s 8:00 AM on May 25th, 2025. Here are the latest updates:President Donald Trump has escalated tensions with the European Union, threatening to impose a 50% tariff on all EU imports and a 25% tariff specifically on smartphones, unless those products are manufactured in America. Trump announced the potential penalties over social media and reiterated to reporters that the new tariffs could take effect as soon as June 1st for EU imports, with the smartphone tariffs expected by th...