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 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..
During a press conference in the Oval Office, President Trump was interrupted twice by phone calls from Congress members, which he promptly sent to voicemail. Trump announced plans to impose 50%..
Friday, 23 May 2025 ()
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