Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%
president Donald Trump cannot stop mentioning the definitions. The stock markets fell on Friday after Trump threatened a 50 % tax on imports from the European Union as well as an additional cost of 25 % on the products of Tech Titan Apple. S&P 500 achieved a daily decrease of 0.7 % and a weekly decrease of 1.7 %. Nasdak had a daily decrease by 1 %, and Dow Jones decreased by 0.6 %.
Trump threatened the definitions in a pair of posts on Friday morning on the social truth, the social network he owns. “It was very difficult to deal with the European Union, which was formed for the basic purpose is to benefit from the United States in trade,” adding that it would recommend 50 % on the goods of the European Union.
As for Apple, Trump has threatened “at least” a 25 % tariff against the technology company if the IPHONE factories are not transported to the United States although the tariff for a multinational company will be rare in the modern era, Apple shares decreased by 3 % on Friday.
Trump’s comments on Friday are a confrontation from a more reconciliation site regarding the definitions that his administration has taken in recent weeks, which in itself was the focus of its most aggressive position in early April.
On April 2, the forty -seventh president revealed a 10 % base tax on imports of commercial partners in the United States, as well as a more severe tariff for dozens of countries, especially China. Stock and bond markets shook in response, and Trump walked out of the customs tariffs shortly – with the exploration of the taxes it imposed against the Republic of the People.
However, last week the United States and China agreed to a temporary stop of 90 days in their commercial war, as the United States will reduce the tariff of Chinese goods to 25 %, and China will reduce its tax on American exports to 10 %. In response, the markets rose and published a weekly gain.
“The economy is still decisive but it avoids recession, and the administration has been imposed on imposing an additional tariff this summer,” wrote Samuel Thompses and Oliver Allen, economists in the total Pantheon.
The last rating in the American Moody Credit Class also has also rented the market. The credit rating agency for its classification of American debt from AAA fell to a classification below in AA1 due to “an increase that exceeds a decade in government debt rates and pay benefits to much higher levels of kings who have been classified similarly,” said last week.
This story was originally shown on Fortune.com
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2025-05-23 20:09:00
