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Trump tariff threat shakes global markets

Trump tariff threat shakes global markets

Trump tariff threat has once again stirred global trade waters. On Friday, President Donald Trump announced two alarming possibilities. First, a 50% tariff on all European Union goods starting June 1. Second, a 25% import tax on iPhones bought by American consumers. Markets reacted immediately. The S&P 500 dropped 1%, while the Nasdaq slipped 1.2%. […]