Apple Inc.’s shares plunged 4% to a low of $193.46 on Friday after US President Donald Trump threatened to impose a brand new 25% levy on the iPhone maker if it continues manufacturing units outdoors the US.The warning got here amid escalating commerce tensions, as Trump additionally proposed a sweeping 50% tariff on items from the European Union.As of 11:07 am ET, Apple shares have been buying and selling at $195.94, down 2.69%.The announcement, made through a collection of posts on Trump’s Fact Social platform, rattled investor confidence and triggered a broad sell-off on Wall Road. “I’m recommending a straight 50% Tariff on the European Union, beginning on June 1, 2025,” Trump acknowledged, expressing frustration with ongoing commerce negotiations with the bloc, which he claimed “are going nowhere.”Main expertise shares together with Microsoft, NVIDIA, Amazon, Alphabet, and Meta additionally registered losses of as much as 2% in early commerce.A Reuters report famous that if enacted, the proposed tariffs would considerably elevate the present 10% levy on imported merchandise and intensify financial frictions between the US and the EU—its largest buying and selling accomplice.ALSO READ | Donald Trump’s recent blow for Apple’s ‘Make in India’ plans; broadcasts 25% tariff on iPhones made outdoors USIn a separate message, Trump criticized Apple for failing to shift iPhone manufacturing to the US regardless of his prior requests. He warned that tariffs of “at the very least” 25% could possibly be imposed if the corporate doesn’t comply.Market anxiousness was mirrored within the VIX volatility index—Wall Road’s “worry gauge”—which spiked by 18.5% round 9:30 a.m. in New York.Trump’s administration had beforehand paused reciprocal tariffs on April 9, per week after implementing them on April 2, which he dubbed ‘Liberation Day.’ This adopted earlier 25% tariffs on metal and aluminum imports.Talks are ongoing between the US and greater than a dozen international locations, together with the EU, to strike commerce agreements earlier than world tariffs doubtlessly return in early July. On Might 12, Washington and Beijing agreed to a 90-day pause on their tit-for-tat tariff measures.Regardless of efforts to achieve offers, overseas officers stay cautious, citing an absence of readability from the US on its calls for and considerations that Trump may unpredictably reinstate tariffs—undermining negotiations.