On May 23, 2025, President Donald Trump announced a proposal to impose a 50% tariff on European Union imports and a 25% tariff on Apple products not manufactured in the U.S. This announcement led to significant market reactions, with major European indices like Germany’s DAX and France’s CAC falling over 1.5%, and U.S. markets experiencing a 1% drop. Apple shares declined by 2.5%, reflecting investor concerns over potential disruptions in global supply chains.
