As President Trump seeks to secure trade deals and bring production to the U.S., he recently threatened to impose a 50% tariff on the European Union and a 25% tariff on Apple. Erin McLaughlin, Senior Economist at The Conference Board in the Economy,

European stocks tumbled, the euro gave back some gains, and euro zone government bond yields fell sharply on Friday after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.