Analyst: Trump's tariff threat dissipates market optimism

BlockBeats News: On May 23rd, US President Trump intensified his trade threats, targeting smartphone giant Apple and imported products from the entire European Union. After weeks of easing, the global market is once again in turmoil. Trump has threatened to impose a 25% tariff on any iPhone sold by Apple in the United States but not produced, and has also proposed a 50% tariff on the European Union starting from June 1st, which will result in high tariffs on luxury goods, drugs, and other goods produced by European manufacturers. After the news spread, the market generally fell. Market analyst Fawad Razaqzada commented, "All optimism about the trade agreement dissipated in minutes or even seconds