The stock markets markers Wall Street is receding today Friday (23.5.2025), after President Donald Trump again increased trade fears, warning Apple and constituting stricter duties in the European Union.
The Dow Jones Industrial Index on Wall Street loses 300 points or 0.70%. The S&P 500 loses 0.77% and Nasdaq declines 1%.
Apple shares lost more than 2% after Trump’s post on Truth Social that iPhones sold in the US must be manufactured in the US And if it is not “a duty of at least 25% from Apple should be paid”.
Trump’s anti -Apple move is the first by a specific company in the context of implementing this year’s duties. Micron and Qualcomm fell 2%. Nvidia’s stock loses 1%.
Friday reductions were added to weekly market losses. The S&P 500, Dow and Nasdaq are more than 2% loss this week.
The president also said that trade discussions with the EU “are not leading anywhere” and recommended “a 50% immediate duty to the European Union from June 1, 2025”. The shares were removed from the lows of the day after CNBC’s Eamon Javers reported that the White House did not interpret Trump’s observations as an official policy statement.