Wall Street Falls as Trump's EU Tariff Threat Sparks Market Uncertainty
- President Donald Trump announced new tariff threats on the European Union and Apple before U.S. Markets opened on Friday, shaking Wall Street.
- The tariffs stem from stalled trade talks with the European Union, with Trump declaring that 50% tariffs would start June 1 and a 25% tariff would apply to iPhones not made in the U.S.
- The announcement triggered a market decline with the S&P 500 dropping about 0.9% and the Dow falling 366 points, while European stocks, including France's CAC 40, also fell sharply.
- Investment strategists noted that despite tariff risks causing volatility, stocks remain range-bound, and further gains depend on more concrete trade deals, with traders increasingly desensitized to headline news.
- The tariff threats heightened uncertainty, pushing investors towards safe assets like gold, which rose over 2%, and drove increased market anxiety reflected by higher volatility indexes.
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Stocks Fall After Latest Trump Threats
US stocks fell Friday after President Trump threatened 50% tariffs on the European Union that could begin in a little more than a week. The Dow dropped 256.02 points, or 0.6%, to 41,603.07, off 2.5% for the week. The S&P 500 declined 39.19 points,...
·Miami, United States
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Leaning Left12Leaning Right17Center23Last UpdatedBias Distribution44% Center
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R 33%
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