US Edition
Stocks and the Dollar Plummet as Trump Relaunches the Trade War.
- Wall Street stocks fell on May 23 in New York due to President Donald Trump's renewed trade war threats targeting smartphones and the European Union.
- Trump's threats came after a 90-day trade negotiation window with China and cited lack of progress with the EU, reigniting tensions following a week dominated by tax cut debates.
- The Dow Jones dropped 0.6 percent to 41,603.07, the S&P 500 fell 0.7 percent to 5,802.82, and the Nasdaq declined 1.0 percent to 18,737.21, with Apple shares down around 3.0 percent.
- An analyst from Spartan Capital Securities noted that President Trump's recent tariff threats have reignited concerns over trade tensions, which dampened gains in the US bond market despite earlier decreases in yields.
- The events suggest intensified trade conflict risks may pressure markets and complicate recovery, while Treasury yields’ retreat signals improved demand despite tariff-induced uncertainty.
11 Articles
11 Articles
US stocks fall on revived Trump trade war worries
NEW YORK, United States — Wall Street stocks fell Friday on renewed trade war fears as President Donald Trump’s latest tariff threats offset improvements in the US bond market. Trump threatened 25-percent tariffs on Apple and other smartphone manufacturers whose devices are not built in the United States. The president also vowed to slap a 50-percent
Stocks tumble after Trump re-escalates trade war with more tariff talk
MANDEL NGAN/AFP via Getty ImagesStocks dropped on Friday as investors digested Trump's latest tariff threats.The president said Apple could be hit with 25% tariffs, while threatening 50% against the EU.Bond yields were stable but the greenback tumbled, with the dollar index dipping 0.5%.US stocks fell ahead of the Memorial Day holiday, with investors reacting to the latest trade war rhetoric from President Donald Trump.Here's where major indexes…
Trump’s Trade War De-Escalation Is Over
"With a blast of early morning social media posts Friday, President Trump escalated the trade war that the White House had spent weeks reducing to a low boil," Axios reports."It was a reminder that there will be no permanent trade peace in this administration, only trade war lulls of uncertain d
US Stocks Slide on Trade War Fears
On Friday, U.S. stocks saw a downturn following a rise in trade tensions instigated by Donald Trump's tariff threats against Apple and the European Union. The S&P 500 decreased by 0.6%, the Nasdaq 100 fell by 0.9%, and the Dow Jones Industrial Average dropped by 256 points. Apple's shares plummeted 3%, reducing its market valuation to below $3 trillion, after Trump insisted that iPhones sold in the U.S. must be manufactured domestically or else …
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