Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%
President Donald Trump just can’t stop mentioning tariffs. Stock markets dipped slightly Friday after Trump threatened a 50% tax on imports from the European Union as well as a 25% surcharge on products from the tech titan Apple. The S&P 500 notched a daily decrease of 0.7% and a weekly drop of 1.7%. The Nasdaq had a daily decline of 1%, and the Dow Jones fell 0.6%.
Trump threatened tariffs in a pair of Friday morning posts on Truth Social, the social network he owns. “The European Union...