PANews May 23 news, according to Jinshi, on Friday, US President Trump stepped up trade threats, targeting smartphone giant Apple and imports from the entire European Union, and global markets fell into turmoil again after a few weeks of easing. Trump threatened to impose a 25% tariff on any iPhone sold by Apple in the United States but not produced; he also suggested imposing a 50% tariff on the European Union starting June 1, which would lead to high tariffs on luxury goods, medicines and other goods produced by European manufacturers. After the news came out, the market generally fell. S&P 500 futures fell 1.5% in pre-market trading, and the European Stoxx 600 index fell 2%. Apple's stock price fell 3.5% in pre-market trading, and other technology stocks also fell sharply. Market analyst Fawad Razaqzada commented: "All optimism about the trade agreement disappeared in minutes or even seconds."