🔁Mario Nawfal:

🇺🇸 MARKET MELTDOWN: TRUMP SLAPS APPLE, EU WITH TARIFF THREATS AND WALL STREET PANICS

Wall Street was coasting into Memorial Day weekend—until Trump hit “post.”

Today U.S. stock futures plunged:

the Dow dropped over 600 points, the S&P 500 fell 1.6%, and the Nasdaq sank 1.8%.

The trigger? Tariffs.

Trump declared Apple must pay a 25% tariff on all iPhones not made in the U.S.—a blow, since most are made in China.

Apple’s stock fell 3%.

Then came the EU: 50% tariffs on imports by June 1 if trade talks keep stalling.

This double hit jolted markets already uneasy about Trump’s massive tax bill, which just passed a House vote.

Critics warn it could add trillions to the deficit.

Investors responded by dumping stocks and driving long-term Treasury yields above 5%—a level not seen since the 2008 crisis.

All 3 major indexes are on track for a losing week.

Companies are skipping annual forecasts. Wall Street is nervous.

Next up: Nvidia earnings, and possibly, more curveballs.

Source: Yahoo Finance
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