What was mounting up to beryllium a somewhat sleepy league up of the vacation play is nary much arsenic President Trump woke up and chose to reignite what had been cooling commercialized tensions.
"The European Union ... has been precise hard to woody with," said the president successful a Truth Social posting. "Our discussions with them are going nowhere! Therefore, I americium recommending a consecutive 50% tariff connected the EU, starting connected June 1."
The person of the escaped satellite also took aim astatine Apple (AAPL) and its CEO Tim Cook. "I person agelong agone informed Tim Cook of Apple that I expect their iPhones that volition beryllium sold successful the U.S. volition beryllium manufactured and built successful the U.S., not India oregon anyplace else. If that's not the case, a tariff of astatine slightest 25% indispensable beryllium paid by Apple."
U.S. banal scale futures rapidly moved from humble gains to astir 2% declines, with Apple falling 3.6%. Above $111,000 anterior to the news, the terms of bitcoin BTC rapidly pulled backmost to $108,600.