Wall Street opens sharply lower, Dow Falls Over 400 points after Trump's tariff threats on EU & Apple, global sell-off ensues
Friday, 23 May 2025 US stock markets plunged following President Trump's tariff threats on EU goods and Apple. The Dow fell by 1.04%, the S&P 500 by 1.15%, and the Nasdaq by 1.59%. Apple shares dropped 3.8%. European markets also declined, while gold prices surged. Oil prices decreased amid global demand concerns. Asian markets closed mixed, reflecting widespread caution.
President Donald Trump demanded Apple and other smartphone makers like Samsung make their phones in the United States or face a 25% tariff. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in...
Watch | President Trump delivers a powerful and unfiltered speech to the U.S. Army Academy Class of 2025 during their graduation and commissioning ceremony. Expect bold promises, sharp critiques, and a..
President Trump warned of imposing 50% tariffs on European Union products, citing stalled trade negotiations. Speaking from the Oval Office, Trump hinted the new tariffs could extend to tech giants..
President Donald Trump has issued a broad warning to tech companies that manufacture smartphones abroad, declaring that a 25% tariff will apply not just to Apple but to any firm — including Samsung..