Trump’s Trade Threats Spark Market Turmoil: Apple Faces 25% Tariff on Imported iPhones

In a significant escalation of trade tensions, former US President Trump has issued stern warnings targeting Apple and European Union imports. His proposal to implement a 25% tariff on all iPhones not manufactured in the US, coupled with a potential 50% tariff on EU products commencing June 1, has reignited fears of a trade war. Analysts note that such tariffs could substantially impact luxury goods, pharmaceuticals, and assorted consumer products stemming from Europe. The market promptly reacted to these developments; as noted by market analyst Fawad Razaqzada, “All optimism regarding trade negotiations evaporated in mere moments.” This swift market downturn underscores the fragility of financial sentiment amid ongoing geopolitical uncertainties, prompting investors to reassess their strategies in light of these evolving circumstances.