Trump tariff threats on Europe and Apple send markets lower
NEW YORK (AP) — President Donald Trump is sending stocks lower again, this time after threatening 50% tariffs on the European Union that could begin in a little more than a week.
The S&P 500 was down 1.1% in early trading Friday. The Dow Jones Industrial Average fell 408 points, or 1%, and the Nasdaq composite was down 1.6%. Trump posted on his Truth Social platform that trade talks with the European Union “were going nowhere” and that the “straight 50%” tariffs would go into effect on June 1.
Apple sank after Trump threatened to put a 25% tariff on its products unless the company moves iPhone manufacturing to the U.S.
More Stories
Blasting heat at home and still freezing? There are easy fixes to save money and stay warm
By CALEIGH WELLS It’s that time of year again, when the fuzzy socks are working overtime, the heat is cranking...
Blasting heat at home and still freezing? There are easy fixes to save money and stay warm
By CALEIGH WELLS It’s that time of year again, when the fuzzy socks are working overtime, the heat is cranking...
Tina Peters’ lawyers try to convince Colorado court to overturn conviction for voting system breach
By COLLEEN SLEVIN DENVER (AP) — Lawyers for former Colorado elections clerk Tina Peters will try to convince a state...
Tina Peters’ lawyers try to convince Colorado court to overturn conviction for voting system breach
By COLLEEN SLEVIN DENVER (AP) — Lawyers for former Colorado elections clerk Tina Peters will try to convince a state...
Democrats see a path to win the Senate. It’s narrow and has little room for error
By THOMAS BEAUMONT and JOEY CAPPELLETTI WASHINGTON (AP) — Senate Democratic leaders believe they have a path to winning the...
Democrats see a path to win the Senate. It’s narrow and has little room for error
By THOMAS BEAUMONT and JOEY CAPPELLETTI WASHINGTON (AP) — Senate Democratic leaders believe they have a path to winning the...