Trump, Apple and Europe
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The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.
President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.