Markets on Wall Street and in Europe declined rapidly early Friday morning after President Donald Trump posted a pair of tariff threats on social media, one aimed at Apple and the other at the European Union.

The president said he would issue a 50% tariff on the EU and a 25% tax on Apple in a pair of Truth Social posts.

Wall Street had its worst week since early April after President Trump said he would impose steep tariffs on E.U. goods and targeted Apple with a tax on foreign-made iPhones.

The US stock market is seeing a slight downturn as President Doanld Trump proposes a new round of tariffs on the European Union (EU) and tech giant Apple.

Shorting stocks has been a coin-flip in 2025, with almost 50% of short positions unprofitable this year, S3 Partners said.

Shares of Ross Stores sank Friday, a day after the discount retailer pulled its full-year outlook due to the uncertainty caused by the Trump administration's shifting tariff policies.

Duffy is the second member of Trump’s Cabinet who sold securities shortly before the president’s tariff announcements sent markets plunging. A spokesperson for Duffy said an account manager made the trades and that Duffy had no input on the timing.

Cars and banks are leading European markets lower after President Trump threatened to impose a 50% tariff on European Union goods within days. **Stellantis

TJX Cos.’ stock pulled back Wednesday from a record close earlier this week, after the retailer said tariff costs could cause it to fall short of Wall Street’s fiscal second-quarter earnings projections.