US President Donald Trump threatened a sweeping 50% tariff on the European Union starting June 1. Trump also made a threat to place a 25% levy on Apple if the tech giant failed to move iPhone manufacturing to the US.

President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations.

President Donald Trump reignited trade tensions with his social media posts before the Memorial Day holiday aimed at the European Union and Apple.

Stock investors are starting to tune out President Donald Trump’s trade war. After frantically pushing share prices higher and lower for weeks on each twist and turn in Trump’s tariff negotiations, investors are now largely ignoring new announcements.

Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against one of America’s most valuable companies and one of its most important trading partners.

Stocks dropped on Friday on renewed fears of an escalating trade war after Donald Trump threatened Apple and the EU with tariffs.