Stocks fell while a top E.U. official responded by saying that trade "must be guided by mutual respect, not threats."

Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”

In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.

  • Pasta Dental@sh.itjust.worksEnglish
    131·
    22 hours ago

    what I was expecting as well. he was waiting for the stock market to recover for his friends to sell, now that it’s almost back to Biden levels he can crash it again