"If that is not the case, a tariff of at least 25% must be paid by Apple to the US."Adding uncertainty to his ultimatum, Trump later said the tariff wouldn't apply to just the iPhone but also to any smartphone made outside the US.

President Trump threatens massive tariff on the EU. Trump made the startling new tariff threat in a post on Truth Social. His post said, in part, “The European Union, which was

Stocks slumped on Friday after President Trump lobbed new tariff threats at the EU and Apple, reviving the trade anxiety that had gradually subsided over the past month.

A quarterly earnings release from Nvidia is set to greet investors in the week ahead as the stock market rally has hit pause.

U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.

Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.

As President Trump seeks to secure trade deals and bring production to the U.S., he recently threatened to impose a 50% tariff on the European Union and a 25% tariff on Apple. Erin McLaughlin, Senior Economist at The Conference Board in the Economy,