President Donald Trump just can’t stop mentioning tariffs. Stock markets dipped slightly Friday after Trump threatened a 50% tax on imports from the European Union as well as a 25% surcharge on products from the tech titan Apple. The S&P 500 notched a daily decrease of 0.7% and a weekly drop of 1.7%. The Nasdaq had a daily decline of 1%, and the Dow Jones fell 0.6%.
Trump threatened tariffs in a pair of Friday morning posts on Truth Social, the social network he owns. “The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” he claimed, adding that he’ll recommend a 50% tax on goods from the EU.
