Trump’s Trade Tariff Threats Rattle Markets, Apple Shares Drop 3%

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-23 15:45:01

Former President Donald TRUMP escalated trade tensions with a dual-pronged attack on global commerce. A proposed 50% tariff on EU goods, announced via Truth Social, coincided with a 25% import tax threat against Apple if it fails to shift iPhone production to the US. Markets reacted instantly - Apple shares fell 3% in premarket trading, dragging major indices down with them.

The Dow Jones plunged 493 points while Nasdaq 100 and S&P 500 dropped 1.7% and 1.3% respectively. This market turbulence comes as Trump accused the EU of unfair trade practices, though his post cut off mid-sentence regarding specific grievances. Trade officials now face mounting pressure as these threats could disrupt global supply chains and corporate earnings.

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