In May 2025, President Trump’s trade policies continue to generate volatility and uncertainty in global markets. Following recent detente with China and economic deals in the Middle East, Trump reignited trade tensions by threatening new tariffs: 25% on Apple iPhones not made in the U.S. and 50% on European Union imports, although the EU tariffs were delayed to July 9. While markets have largely adapted, confidence hinges on expectations that Trump’s threats are mostly negotiating tactics. Investor’s Business Daily
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