President Trump on Friday took aim at Apple and the European Union in a significant escalation of his ongoing trade war. In a one-two posting spree on Truth Social early Friday, he threatened Apple with 25% tariffs on non-US-made iPhones,

The president threatened both Apple and the European Union with higher tariffs on Friday, saying trade talks with the Europeans had stalled.

The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.