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Stocks tumble after Trump re-escalates trade war with more tariff talk

Business Insider Friday, 23 May 2025 ()
Stocks dropped on Friday on renewed fears of an escalating trade war after Donald Trump threatened Apple and the EU with tariffs.
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News video: Trump THREATENS EU With ‘I DON’T WANT A DEAL’ Move | EU Scrambles To Avoid Full-Fledged Trade War

Trump THREATENS EU With ‘I DON’T WANT A DEAL’ Move | EU Scrambles To Avoid Full-Fledged Trade War 02:32

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 like Apple and Samsung, with a possible rollout in late June. While expressing hope for a fair...

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