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Stocks, Bitcoin Fall On Trump's Tariff Threats, Gold Rallies: What's Driving Markets Friday? - Apple (NASDAQ:AAPL)

On Friday, President Donald Trump announced new tariff threats against the European Union and Apple, triggering declines in U.S. And European stock markets.
On his Truth Social account, Trump warned that negotiations with the European Union had stalled and announced that 50% tariffs would be imposed starting June 1.
Following Trump's statements, the S&P 500 fell 0.9%, the Dow dropped 366 points, the Nasdaq sank 1.2%, and Apple shares declined 2.6% due to a threatened 25% tariff on iPhones.
Wells Fargo strategist Paul Christopher emphasized that additional definitive agreements will be necessary for the market to experience further upward momentum, highlighting ongoing uncertainty and sideways trading.
As a result, investors sought safer assets, pushing gold prices up 2.1% to $3,362 per ounce and causing Bitcoin to fall over 2% amid growing market anxiety.

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CBS News

Lean Left

Markets close lower after Trump lobs tariff threats at Apple and EU

The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.

5 hours ago

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The Star Kuala Lumpur

Right

U.S. stocks decline after Trump's tariff threats

NEW YORK, May 23 (Xinhua) -- U.S. stocks closed lower on Friday, ending the week with losses as investors reacted to U.S. President Donald Trump's new tariff threats. Read full story

7 hours ago·Malaysia

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Novinky.cz

Lean Left

US Stocks Fall on Trump's Tariff Threats

U.S. stocks fell on Friday after U.S. President Donald Trump threatened to impose steep tariffs on imports from the European Union. The Dow Jones Industrial Average, which tracks the 30 largest U.S. companies, fell 0.61 percent to 41,603.07. The S&P 500 index fell 0.67 percent to 5,802.82, and the Nasdaq Composite, which tracks many high-tech companies, fell 1 percent to 18,737.21.

8 hours ago

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The Globe & Mail

Center

President Donald Trump's latest tariff threats knock Wall Street and Apple lower

New tariff threats aimed at Apple, Europe send markets tumbling, an AP business editor explains.

8 hours ago·Canada

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Daily Journal

+29 Reposted by 29 other sources

Center

Stocks slump after Trump raises tensions with EU tariff threats

(The Center Square) – U.S. markets declined Friday after President Donald Trump threatened a fresh wave of tariffs on imports from the European Union and on smartphones.

8 hours ago·Cherokee County, United States

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Financial Post

+5 Reposted by 5 other sources

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S&P/TSX composite rises, U.S. stocks fall after Trump's latest tariff threats

TORONTO -- Canada's main stock index rose Friday, while U.S. markets dropped after U.S. President Donald Trump threatened a 50 per cent tax on all imports from the European Union as well as a 25 per cent tariff on Apple products unless iPhones are made in the U.S.

9 hours ago·Canada

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