Morning Movers: Apple slips following President Trump tariff threat
Stock futures are trending lower, reflecting investor concerns over escalating trade tensions and fiscal uncertainties. President Donald Trump’s recent announcements have heightened market apprehensions. He proposed a 25% tariff on iPhones not manufactured in the U.S., causing Apple shares to decline nearly 4% in pre-market trading. Additionally, he recommended a 50% tariff on European Union goods, leading to a drop in European stocks and a weakening euro. On the legislative front, the House nar