The president's post pushed down U.S. stocks and European markets, with indexes in Germany and France dropping around 1.7%.

Trump’s post immediately pushed down U.S. stock futures and European markets, with indexes in Germany and France plunging 2%.

Donald Trump threatened imports from the European Union with a sweeping 50% tariff Friday, posting online that trade talks with the bloc are “going nowhere.”

In a post on his Truth Social platform, Trump wrote that he was “recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

Just minutes earlier, Trump had also threatened Apple with a 25% tariff if it does not start producing iPhones in the United States — an outcome industry experts broadly see as a nonstarter.

“The concept of Apple producing iPhones in the U.S. is a fairy tale,” prominent tech analyst Dan Ives said in response to Trump’s threat Friday.

  • NoForwardslashS@sopuli.xyzEnglish
    34·
    1 day ago

    They worked out that “The Art of the Deal” means “agree to my deal right now, or I will shit the bed”.

    If you just don’t get in the bed you’re fine.