Dollar, global stocks slip as Trump threatens tariffs on Europe and Apple
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Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.S. Shares of Apple ended 3% lower, while the three major U.S. stock indexes finished weaker but off session lows. European shares also ended lower. The dollar index, which measures the greenback against a basket of currencies, hit a three-week trough. For the week, the dollar was down 1.9%, on track for its biggest weekly percentage decline since early April. The dollar sank 1% versus the Japanese yen, while the euro rose 0.8% against the dollar. Government bonds in the United States and Europe climbed on safe-haven buying after sustaining heavy pressure this week from rising concerns about Trump's tax cuts and the White House's ballooning debt pile. Live Events Trump said in a ...