https://www.huffpost.com/entry/trump-tariff-threats-on-europe-and-apple-send-markets-lower_n_68307a64e4b097a9e044723d
NEW YORK (AP) — President Donald Trump is pushing stocks to sink again on Friday, 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 0.9% in early trading and on track for its worst week in the last seven. The Dow Jones Industrial Average was down 366 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.2% lower.
Trump threatened the tariffs before the U.S. stock market opened, saying 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. The European Union is one of the United States’ largest trading partners.
Stocks fell immediately afterward in Europe, with France’s CAC 40 index losing 2.7%, and the threat shook the futures market for U.S. stock indexes, which had been indicating only a modest move at the open of trading.
How much money are Trump, his family and friends making off of these sudden manipulations?
Inquiring minds want to know..
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- habeas May 24, 2025, 6:38 am