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Stocks tumble after Trump re-escalates trade war with more tariff talk

  • Stocks dropped on Friday as investors reacted to Trump's latest tariff threats concerning Apple and the European Union.
  • US stocks fell ahead of the Memorial Day holiday, with major indexes like the S&P 500, Dow Jones, and Nasdaq Composite all declining.
  • Trump warned Apple of a 25% tariff if iPhones are not made in the US and suggested a 50% tariff on the European Union starting June 1.
  • The US dollar index decreased by 0.5% while bond yields were stable, and investors are closely monitoring trade negotiations and the potential impact on the market.

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