Trump Escalates Trade Tensions with Europe
President Donald Trump announced plans for a “straight 50% tariff” on all EU imports starting June 1, citing a breakdown in trade negotiations. The move reawakens fears of a transatlantic trade war, shaking investor confidence and pressuring European markets.

Apple Faces 25% Tariff Threat Over Foreign Production
Trump also targeted Apple (AAPL), declaring that iPhones manufactured outside the U.S. would face a minimum 25% tariff. He emphasized his long-standing push for domestic production. Apple shares fell 3% in premarket trading following the remarks.

Housing Data Eyed: New Home Sales Expected to Decline
April’s new home sales are projected to drop to a seasonally adjusted annual rate of 695,000, down from 724,000 in March. Persistently high interest rates and affordability concerns continue to cool U.S. housing momentum.

What’s Next?
Between tariff threats, soaring protectionism, and tightening fiscal conditions, it’s clear that geopolitics are reclaiming center stage in market dynamics.