Markets Tank While Trump is moving to impose the paralyzing rate of 50% on Europe

Wall Street tumbled early on Friday after explosive new tariff threats by President Donald Trump against the European Union And apple.

Trump, in reports on social media, announced paralyzing rates of 50 percent in Europe from 1 June.

About 30 minutes after the trade, the Dow Jones The industrial average already fell by 1 percent.

The S&P 500 shoots 1.2 percent and the technically heavy Nasdaq fell by 1.5 percent.

Apple shares fell by 2.5 percent in the aftermath of a separate threat from Trump to rate iPhones that were not made in America.

The president began to be social to accuse the EU of ‘very difficult to deal with’ and ‘make use’ of the United States.

Trump’s new threats have revived the concern of investors about his trade policy after a recent deal with Great Britain and a rates of ceasefire with China.

“All optimism about trade agreements are wiped out within a few minutes – even seconds,” said Fawad Razaqzada, market analyst at Stonex.

On social media, Trump made estimates of a trade shortage of $ 250,000,000 between the US and Europe every year, and added that it is ‘completely unacceptable’.

“Our discussions with them are not going anywhere!” He proclaimed before he threatened to hit a ‘right 50 percent rate’ on the EU.

“There is no rate if the product is built or manufactured in the United States,” he added, and the European countries a week to transform their production processes.

The rate of 50 percent would hit EU members – including some of the nearest traditional military and economic allies of the country – with a greater levy than Trump has imposed China.

After he initially walked the rates at Beijing to more than 100 percent, he has lowered the steepest to 30 percent.

Trump’s attack on the EU came shortly after he has torn Apple, after a White house Meet this week with the CEO of the Tech Giant, who again shoots its production strategy.

He wrote about Truth Social: “I informed Apple Tim Cook a long time ago that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not in India or somewhere else.”

“If that is not the case, a rate of at least 25% must be paid by Apple to the US, thank you for your attention for this issue!”

Trump’s stunning market -changing missives came for hours Dined with top investors in his $ strump meme coin During a lush dinner in his Northern Virginia Golf Club.

Guests were treated to Filet Mignon and warm lava cake after Trump arrived at a military helicopter.

But the White House refused to announce the guest list in the midst of protests and ethical watchdogs that called it a conflict of interest.

After Trump’s Morning Social Media messages, S&P Futures fell by 1.5 percent before the markets in New York were opened. Dow Jones Industrial Average Futures also refueled.

The EU refused to comment on Trump’s tariff threat, Saying that it would wait for a planned phone call between EU trading leader Maros Sefcovic and the American trade representative Jamieson Greer for later Friday.

Trump’s EU attack also followed that Greenland had concluded a deal with a Danish-French Consortium, Greenland Anorthosite Mining (GAM), to extract Anorthosite, which is crucial for the production of aluminum.

Since his election, Trump has described the US that acquires Greenland as a necessity.

The president has long had the emphasized income -collected prospects of rates, but such taxes would, if imposed, lead to substantial jumps in what Americans pay for European products, according to several studies.

Top EU export to the US includes pharmaceutical products, cars, machines, oil oil, medical instruments, alcohols, including beer, wine and spirits, car parts, electrical appliances and chemicals.

All could see jumps as soon as the June rates come into force, even if the White House has trumpet a decrease in inflation, fuel and other goods.

“We urge the US and the EU to continue negotiations to get distilled spirits back to zero-zero rates, which will benefit the American hospitality sector and American distilleries,” said Chris Swoner, CEO of the distilled spirits Council on Friday, in a declaration that concerned concern.

‘American distillers recently breathed a huge sigh of relief when the EU chose not to impose a 50% rate on the American whiskey in the steel and aluminum dispute. The EU action gave us distillers a spark of hope that the US and the EU could find a common basis and prevent an additional rate escalation. ‘

Top European exporters to the US are Germany, Ireland, Italy, France and the Netherlands.

Trump’s new threat to the EU comes weeks after he concluded an emergency agreement with the British Prime Minister Keir Starmer To ‘save’ the car industry.

The deal, of which President Trump said it was only possible “because of the Brexit,” reduces American rates on cars imported from the VK from 25 percent to 10 for the first 100,000 vehicles.

Ministers had feared that leading car manufacturers were preparing to lower thousands of jobs unless the rates were lowered.

The deal was beaten the first since President Trump’s rates surprised the world of the world last month.

These rates caused enormous market drops before Trump intervened with a ‘break’ of 90 days.

Trump said that the speed of the deal with the UK was only possible because of the status of Great Britain outside the EU.