Global stocks and the dollar tumbled on Friday after U.S. President Donald Trump unleashed his latest unexpected trade bombshell by recommending 50% tariffs on European Union imports from June 1. An index tracking the U.

In Europe Germany's Dax ended 1.5% lower and France's Cac 40 fell 1.8%.Trump wrote in a Truth Social post on Friday: "I have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States,

Markets on Wall Street and in Europe declined rapidly early Friday morning after President Donald Trump posted a pair of tariff threats on social media, one aimed at Apple and the other at the European Union.