Dollar, global stocks slip as Trump threatens tariffs on Europe and Apple

May 24, 2025

Global markets experienced a jittery week. President Trump’s trade threats caused major stock indexes and the dollar to decline. He suggested tariffs on European Union imports and Apple iPhones. Apple shares fell. The dollar weakened against the yen and euro. Government bonds rose due to safe-haven buying. Oil prices increased. Gold also saw a surge as economic anxiety increased.

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