President Trump has prompted concern among investors by threatening Apple with a 25% tariff on iPhones made outside the U.S. due to ongoing trade tensions. This has resulted in a decline in Apple's stock and a broader drop in the Vanguard S&P 500 ETF. Concurrently, discussions between U.S. and Chinese officials yielded no significant developments, while Trump floated the idea of a hefty 50% tariff on goods from the European Union as retaliation for lack of trade progress. The uncertainty continues to affect market sentiments.
President Trump has threatened Apple with a 25% tariff if it continues to manufacture iPhones abroad, which has spooked investors and affected stock prices.
Trade negotiations with China have shown no definitive progress, leading President Trump to threaten the European Union with a potential 50% tariff on imports.
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