Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are two of the most iconic companies in the world. *Stock prices used were the afternoon prices of May 22, 2025. The video was published on May 24, 2025.

President Donald Trump ended the week on a grumpy note, rattling his tariff saber — and stock-market investors — on Friday as he threatened levies on Apple Inc. and the European Union. But for all the renewed trade drama, it was moves in the bond market that have been the center of attention.

U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.

Nine American companies are currently valued at $1 trillion or more, but only three of them graduated into the ultra-exclusive $3 trillion club: Microsoft ( MSFT -0.82%): $3.4 trillion. Nvidia ( NVDA -1.02%): $3.3 trillion.

This initiative aims to stimulate demand in a crucial market where the company has faced increasing competition and declining sales. Apple has increased the trade-in value for old iPhones.

U.S. equities fell at midday as President Donald Trump threatened tariffs on Apple iPhones and European Union products.

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Apple shares dropped on Friday after US President Donald Trump threatened a 25% tariff on the tech giant’s products unless it moves iPhone manufacturing from countries like India to the United States.