Stocks Fall as Trump Threatens Tariffs on Apple, EU
Stock markets experienced a downturn Friday following President Trump's announcement of potential tariffs. He threatened a 25% tariff on Apple products and a 50% tariff on goods from the European Union. The news rattled investors, leading to a sell-off in various sectors. Experts are analyzing the potential impact of these tariffs on global trade and consumer prices.
Wall Street reacted negatively on Friday after President Trump indicated possible tariffs on Apple and the European Union. Trump suggested a 25% tariff on Apple products, citing concerns about manufacturing locations. He also proposed a 50% tariff on goods imported from the European Union, escalating trade tensions. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all saw declines following the announcement. Analysts predict that the proposed tariffs could impact Apple's profitability and potentially increase prices for consumers. The situation is being closely monitored by businesses and policymakers worldwide as they assess the potential ramifications for international trade relations.
Source: Read the original article at CBS