Close Menu
    Trending
    • Karoline Leavitt’s Claim About Trump Has People Doubting Her
    • D.C. police report 2 violations of citywide juvenile curfew
    • Europe is stuck in a bystander role over Iran’s nuclear program after US, Israeli bombs establish facts on the ground
    • Seth Meyers Stunned By What Trump Just Called His Supporters
    • Supreme Court to tackle more disputes over transgender youths in next term
    • George Conway Spots ‘More Evidence We Have A Ding-A-Ling President’ In Trump
    • Beyonce unreleased music stolen during ‘Cowboy Carter’ tour
    • Tyranny is an ever-present threat to civilisations. Here’s how Classical Greece and China dealt with it
    Donal Trump News
    • Home
    • President Trump News
    • Latest News
    • White House
    • News Updates
    • US News
    Donal Trump News
    Home»Latest News»Wall Street, European Stocks And Apple Fall Following Trump’s Latest Tariff Threats
    Latest News

    Wall Street, European Stocks And Apple Fall Following Trump’s Latest Tariff Threats

    preztrumpBy preztrumpMay 24, 2025No Comments6 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    NEW YORK (AP) — U.S. shares fell Friday after President Donald Trump threatened 50% tariffs on the European Union that might start in slightly greater than every week.

    The S&P 500 misplaced 0.7% to shut out its worst week within the final seven. The Dow Jones Industrial Common dropped 256 factors, or 0.6%, and the Nasdaq composite sank 1%.

    Trump threatened the tariffs earlier than the U.S. inventory market opened, saying on his Truth Social platform that commerce talks with the European Union “have been going nowhere” and that “straight 50%” tariffs may go into impact on June 1. The European Union is likely one of the United States’ largest buying and selling companions.

    Shares fell instantly afterward in Europe, with France’s CAC 40 index shedding 1.7%. The U.S. market additionally took a fast flip decrease, and futures for U.S. inventory indexes tumbled after earlier suggesting solely modest strikes on the open of buying and selling.

    The S&P 500 misplaced as a lot as 1.3% shortly after buying and selling started, however it pared its loss as merchants weighed whether or not Trump’s newest threats have been simply negotiating techniques aimed in hopes of getting a deal or one thing extra.

    Apple dropped 3% and was the heaviest weight on the S&P 500 after Trump went after the corporate particularly. He mentioned he’s been pushing Apple CEO Tim Cook dinner to move production of iPhones to america, and he warned a tariff “of at the least 25% should be paid by Apple to the U.S.” if it doesn’t.

    Trump later clarified his publish to say that each one good telephones made overseas can be taxed and the tariffs could possibly be coming as quickly as the top of June.

    “It could be additionally Samsung and anyone that makes that product,” Trump mentioned. “In any other case, it wouldn’t be truthful.”

    Trump has been criticizing corporations individually when he’s annoyed with how they’re appearing due to his tariffs and due to the uncertainty his trade war has created. He earlier told Walmart it should “eat the tariffs,” together with China, after the retailer mentioned it will seemingly have to boost costs to cowl the elevated price of imports.

    Deckers Out of doors, the corporate behind the Hoka and Uggs manufacturers, grew to become one of many newest companies to say all the uncertainty around the economy means it gained’t supply monetary forecasts for the total upcoming 12 months. As a substitute, it gave forecasts just for the upcoming quarter, and so they fell in need of analysts’ expectations for income and revenue.

    That despatched its inventory down 19.9%, though the corporate reported a stronger revenue and income for the newest quarter than anticipated.

    Ross Shops fell 9.8% after it pulled its monetary forecasts for the total 12 months, citing how greater than half the products it sells originate in China. “As such, we count on strain on our profitability if tariffs stay at elevated ranges,” CEO Jim Conroy mentioned.

    President Donald Trump pumps his fist upon arrival on the South Garden of the White Home in Washington, DC, on Might 22, 2025. (Photograph by Mandel NGAN / AFP by way of Getty Photographs)

    MANDEL NGAN by way of Getty Photographs

    The off-price retailer gave a forecast for revenue within the present quarter that included successful taken from tariffs, and it fell in need of analysts’ expectations. That dragged its inventory down though the corporate additionally reported a greater revenue for the newest quarter than anticipated.

    On the profitable aspect of Wall Avenue was Intuit, which rose 8.1% after the corporate behind TurboTax and Credit score Karma reported a stronger revenue for the newest quarter than analysts anticipated. Maybe extra importantly, Intuit additionally raised its forecasts for income and revenue over its full fiscal 12 months.

    Shares within the nuclear trade additionally rallied after Trump signed govt orders to speed up nuclear licensing selections, amongst different measures meant to cost up the trade. Oklo, which is creating quick fission energy vegetation, jumped 23%.

    All informed, the S&P 500 fell 39.19 factors to five,802.82. The Dow Jones Industrial Common dropped 256.02 to 41,603.07, and the Nasdaq composite sank 188.53 to 18,737.21.

    Trump’s newest tariff threats stirred up Wall Avenue after it had recovered a lot of the losses it had earlier taken due to the commerce conflict. The S&P 500 dropped roughly 20% below its record at one level final month, when worries have been at their top about whether or not Trump’s stiff tariffs would trigger a worldwide recession. The index then climbed back within 3% of its all-time high after Trump paused his tariffs on many international locations, most notably China.

    A shopper walks a dog by an Apple store at the Westfield UTC shopping center on May 1, 2025 in San Diego, California. (Photo by Kevin Carter/Getty Images)
    A client walks a canine by an Apple retailer on the Westfield UTC procuring middle on Might 1, 2025 in San Diego, California. (Photograph by Kevin Carter/Getty Photographs)

    Kevin Carter by way of Getty Photographs

    20 Years Of Free Journalism

    Your Assist Fuels Our Mission

    Your Assist Fuels Our Mission

    For 20 years, HuffPost has been fearless, unflinching, and relentless in pursuit of the reality. Support our mission to maintain us round for the following 20 — we will not do that with out you.

    We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

    Thanks once more to your assist alongside the best way. We’re really grateful for readers such as you! Your preliminary assist helped get us right here and bolstered our newsroom, which saved us sturdy throughout unsure instances. Now as we proceed, we want your assist greater than ever. We hope you will join us once again.

    We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

    Thanks once more to your assist alongside the best way. We’re really grateful for readers such as you! Your preliminary assist helped get us right here and bolstered our newsroom, which saved us sturdy throughout unsure instances. Now as we proceed, we want your assist greater than ever. We hope you will join us once again.

    Support HuffPost

    Already contributed? Log in to hide these messages.

    20 Years Of Free Journalism

    For 20 years, HuffPost has been fearless, unflinching, and relentless in pursuit of the reality. Support our mission to maintain us round for the following 20 — we will not do that with out you.

    Support HuffPost

    Already contributed? Log in to hide these messages.

    Within the bond market, Treasury yields fell after swinging forwards and backwards a number of instances. The yield on the 10-year Treasury eased to 4.51% from 4.54% late Thursday.

    In inventory markets overseas, indexes have been combined in Asia, the place markets closed earlier than Trump issued his newest tariff threats. Tokyo’s Nikkei 225 rose 0.5%, whereas shares fell 0.9% in Shanghai.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTrump aims to boost U.S. nuclear energy with executive orders
    Next Article Cannes Film Festival hit with power outage and traffic in southeastern France
    preztrump
    • Website

    Related Posts

    Latest News

    Karoline Leavitt’s Claim About Trump Has People Doubting Her

    July 15, 2025
    Latest News

    Seth Meyers Stunned By What Trump Just Called His Supporters

    July 15, 2025
    Latest News

    George Conway Spots ‘More Evidence We Have A Ding-A-Ling President’ In Trump

    July 15, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Marco Rubio: Trump will restart talks with Ukraine when it is ready to promote ‘fair’ peace deal

    March 2, 2025

    Feds making more than 300 payments a day in USAID funds after court battle

    March 20, 2025

    Mexico’s President Slams Trump Administration’s Sanctions On Mexican Banks

    June 30, 2025

    Trump bashes ‘fake polls’ and touts November win

    May 1, 2025

    New policy for terminating international students’ legal status emerge

    April 30, 2025
    Categories
    • Latest News
    • News Updates
    • President Trump News
    • US News
    • White House
    Most Popular

    Broadcaster Tony Jones apologizes after Novak Djokovic refuses TV interview at Australian Open

    January 20, 2025

    July 12th – Lights for Liberty: A Vigil to End Human Detention Camps

    March 11, 2025

    Congress’ lawmakers clamor for more security in the wake of Minnesota killings

    June 16, 2025
    Our Picks

    Secretary Of State Rubio Says Purge Of USAID Complete, Almost All Gone

    March 12, 2025

    Elizabeth Warren Marks 100 Days Of Trump By Reading Aloud 100 Reports Of His Corruption

    April 29, 2025

    Trump’s Response To Tariffs Question Flagged As ‘Very Revealing Moment’

    February 15, 2025
    Categories
    • Latest News
    • News Updates
    • President Trump News
    • US News
    • White House
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Preztrump.news All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.