Stocks dipped Friday after President Donald Trump threatened to impose new tariffs on imports from the European Union and iPhones made outside the United States.

In a recent podcast, the founder of the Steve Madden shoe brand also criticized arguments that the U.S. has been losing jobs to China

President Donald Trump is struggling to persuade US consumers of the merits of his trade war, a Harris Poll for Bloomberg News found. A majority of US adults, 56%, said their household finances would be better off if Trump’s tariffs had not been implemented.

In the wake of President Donald Trump’s shockingly steep tariffs levied against all of America’s trade partners, followed by retaliatory tariffs from those other countries (as well as multiple unpredictable pauses to Trump’s tariffs),