"The E.U., formed for the primary purpose of taking advantage of the U.S. on trade, has been very to deal with."

In a surprising move, President Trump has reignited trade tensions by threatening a 25% tariff on Apple products unless they are manufactured in the U.S. This could significantly impact iPhone prices and alter the tech landscape.

US President Donald Trump threatened to impose a 50 per cent tariff on all goods sent to the US from the EU on Friday, raising fears of a renewed trade war. Trump has also expressed frustration at delays in agreeing a deal with the EU,

Trump has responded to threats of digital services taxes with threats of more tariffs, arguing that "only America should be allowed to tax American firms," Reuters reported. In February, Trump issued a memo calling for research into the best responsive measures to counter threats of digital service taxes, including threatening more tariffs.

The Trump trade war had been de-escalating until Friday's threats vs. Apple and the EU. Inflation and budget deficits also are stock market risks.

U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

But Corporate America has to learn to speak a new language — one that informs shareholders and customers about the effects from tariffs while avoiding reaction from Trump on social media or a threat from him or his administration to punish or investigate a company.

Importers are bringing in more goods with a recent tariffs pause, but not enough to guarantee retail store shelves won't run low, or empty in the months ahead.