President Trump threatened Friday to impose a 50% tariff on all European Union products beginning June 1, saying the bloc has been “very difficult to deal with.” “The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE,

Stock markets declined after the president’s early morning threats of import taxes of 25 percent on iPhones and 50 percent on goods from Europe.

U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple he may impose a 25% tariff on any iPhones manufactured outside the U.

"The European Union... has been very difficult to deal with," Trump said, adding: "Our discussions with them are going nowhere!"

"Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.

Importers are bringing in more goods with a recent tariffs pause, but not enough to guarantee retail store shelves won't run low, or empty in the months ahead.

Last week’s U.S.-China trade truce has sparked speculation as to what a potential trade deal between the two rivals might look like.

Chinese authorities are reiterating their opposition to a Trump administration directive against certain high-end chips produced by Huawei, saying it undermines a recent consensus on trade. Days after U.