Trump tariff threats on EU, Apple, send US futures and global markets skidding

By JIANG JUNZHE and MATT OTT Associated Press Markets on Wall Street and in Europe declined rapidly early Friday morning after President Donald Trump posted a pair of tariff threats on social media one aimed at Apple and the other at the European Union Futures for the S P and the Dow Jones Industrial Average slid and Nasdaq futures tumbled before the bell Oil prices fell and Treasury yields sank as well Markets took a sharp turn downward after Trump posted on social media that he wants a straight Tariff on the EU beginning June because representatives of the bloc have been complicated in negotiations Related Articles In the present day in History May outlaws Bonnie and Clyde killed in police ambush Microsoft fires employee who interrupted CEO s speech to protest AI tech for Israeli military Billion dollar pizza Bitcoin soars on key anniversary of crypto s improvement Weight-loss drugs may lower cancer threat in people with diabetes a assessment suggests The Memorial Day expedition rush is off to an early start European markets fell nearly this instant after Trump s post on his own Truth Social site Germany s DAX hastily swung to a loss while the CAC in Paris fell London s FTSE shed Trump has dialed back or paused multiple of his tariff threats in new weeks bringing specific peace to markets which had been swinging wildly in both directions for weeks as Trump fired off tariff threats Shares of Apple were down in morning trading after Trump threatened to put a tariff on Apple products unless the company moves its iPhone manufacturing to the United States The threat delivered over social media could dramatically increase the price of iPhones potentially hurting sales and the profits of one of America s leading mechanism companies U S benchmark crude oil tumbled or to per barrel while Brent crude the international standard fell cents to per barrel