Trump doubled down Friday afternoon on the E.U. threat and added that not only Apple Inc. but Samsung and “anybody” making smartphones abroad would be hit with his 25% tariff,

The stock market took a drop after President Donald Trump threatened to slap the European Union with a 50% tax on imports and tech giant Apple with a 25% tariff on smartphones. In another political battle,

President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations.