After Trump recommended 50% of the EU, stocks were reduced.
Stocks appear to be high to lower their weeks.
Stocks were falling on Friday, and the market was good to lower the week.
As of 3:30 pm in the Eastern Standards, all four major US indexes fell, and NASDAQ fell about 155 points (0.8%, S & P 500) about 23 points or 0.4%. The average of Dow Jones was about 165 points (0.4%) and the Russell 2000 index was only 4 points.
For a week, all four indexes were likely to be finished in red, 2.3%for S & P 500 down, 2.1%for DOW and NASDAQ, and 3.2%for Russell 2000.
On Friday, the stock was sinking after President Donald Trump posted about raising the tariffs of the European Union from June 1 to 50%.
Trump added that in the truth society, the European Union added that “discussions with them can not go anywhere. Therefore, from June 1, 2025, the European Union recommends 50% tariffs.”
Will 50% EU tariffs take place from June 1?
It is not clear whether this recommendation will actually become a reality on June 1. But Trump repeated his position on Friday.
Trump said in the White House, “I’m not looking for a deal.” “We’ve set a deal. It’s 50%.” If someone comes in and wants to build a plant here, you can talk about some delays. “
Scott Bessent Treasury Minister discussed this issue on Friday Fox News.
Bessent said in Fox News, “The EU proposal was not the same quality as we saw from other important dealing partners.
Laurent Saint-Martin, the French Minister of Foreign Trade, responded to his X to Trump’s truth social posts.
Saint-Martin told X.com, “D. Trump’s new tariff threats are not helpful during the negotiations between the European Union and the United States, but we are ready to respond, but are ready to respond.
Also on Friday, Trump threatened to have a 25%tariff on Apple about plans to build an iPhone manufacturing plant in India.
Investors seemed to be threatening EU tariffs, especially because of the slightly reduction in the overall market at 3:30 pm Friday. Apple fell a little further as stocks decreased by about 3%. The STOXX 600 index in Europe decreased by 0.9% on Friday.
