Meanwhile, Trump reignited fears of a trade war by announcing a new round of aggressive tariff proposals, raising concerns about a possible escalation of global trade tensions. U.S. stocks experienced a brief period of panic selling on Friday as many investors quickly sought to reduce risk. This shift in sentiment contributed to a broader market correction observed throughout the week.
Trump's remarks focused on two key proposals:
Firstly, from June 1, all imports from the European Union would be subject to a uniform 50% tariff.
Secondly, he specifically named companies Apple and Samsung and warned that if the devices they sell in the United States are not produced domestically, they would face an additional import tariff of at least 25%.
These bold statements undeniably heightened concerns among global investors and exerted significant pressure on the broader market environment.#TrumpTariffs #MarketPullback #DinnerWithTrump
