Breaking news: Tensions between the U.S. and Europe have reached a boiling point as President Trump escalates his trade war, sending shockwaves through global markets. In a bold move this morning, Trump threatened Apple CEO Tim Cook with a staggering 25% tariff unless the tech giant shifts its iPhone manufacturing to American soil. But that’s not all—he also warned of a blanket 50% tariff on European Union imports, claiming trade discussions have gone “nowhere.”

Moments ago, U.S. markets reacted sharply to these threats, plunging as investors braced for the fallout of Trump’s aggressive stance. With the EU still reeling from previous tariff hikes, Trump’s latest demands have sparked fears of a full-blown trade crisis. “The EU has refused to kiss my ring,” Trump declared, raising tariffs from 30% to a shocking 50%. Analysts warn that such actions threaten to unravel the fragile economic recovery.

Just 24 hours after hosting a controversial dinner for crypto investors, where multimillion-dollar donations were at stake, Trump’s timing raises eyebrows. Critics argue that the president is prioritizing personal gain from his meme coin venture while the American public faces skyrocketing prices on everyday goods. If the tariffs take effect, iPhones could soon cost consumers upwards of $3,500—three times their current price.

Market instability looms large as Trump’s trade threats risk alienating key allies and undermining America’s economy. With consumers set to bear the brunt of this trade war, the ramifications could be severe. As the June 1 deadline approaches, the world watches with bated breath: will Trump’s gamble pay off, or will it plunge the U.S. into economic turmoil? Stay tuned as this story develops.