šØ Trump Tariffs Tank Tech ā Wall Street Waves the White Flag šØ
š Apple Tariff Tantrums, 50% EU Threats, and a Trillion-Dollar Tax Bomb
š Market Recap: Rough End to a Red Week
Wall Street limped into Memorial Day weekend as investors were blindsided by a barrage of trade threats and deficit warnings.
Dow Jones: ā¬ļø 0.61%
S&P 500: ā¬ļø 0.67%
Nasdaq: ā¬ļø 1.00%
All three indexes posted weekly losses north of 2%, snapping the rally as macro headwinds intensified.
š What Sparked the Selloff?
President Trump threw the market a curveball Friday with:
A 25% tariff threat on iPhones not made in the USA, singling out Apple ($AAPL), which dropped 3%
A 50% tariff warning on EU imports, set to kick in June 1
Renewed focus on his tax bill, projected to add $4 trillion to the national debt
These comments shattered investor hopes of a quiet Friday and reignited full-blown fears of a global trade war.
š Bond Yields Stay Elevated
Deficit concerns kept bond markets under pressure:
10-year Treasury: 4.55%
30-year Treasury: Still above 5%, not seen since the financial crisis
Yields have surged in recent weeks following Moody's downgrade of U.S. credit, and traders are now bracing for more pain if fiscal spending balloons.
š®ļø Apple, EU, and the Manufacturing Ultimatum
Apple's shift to manufacturing in India didnāt save it from Trumpās wrath. He made it clear: no U.S. factory = big U.S. tariff.
Other smartphone makers like Samsung were also put on notice. The President doubled down, saying:
"They'll make a little less money. But I don't want the consumer to pay."
Meanwhile, European luxury brands also took a hit. Stocks like LVMH, Hermes, and Kering fell sharply as tariffs loom.
āæ Bitcoin: Safe Haven or Just Volatile?
BTC briefly topped $111,000, but faded as markets soured
Crypto stocks like $COIN and $MARA slid with the broader risk-off mood
Despite the pullback, digital assets still show strong YTD gains, as some investors rotate away from dollar exposure.
š T&G Watchlist:
$AAPL: Massive supply chain risks if tariffs become real
$NVDA: Earnings next week could re-center the market narrative
$SPY / $QQQ: Weak into the weekendāwatch for 5,750 and 18,600 levels
$TYX / $TNX: Elevated yields = equity headwind
$BTC: Needs to hold $108K to keep momentum
š§ T&G's Take:
This wasnāt just a routine selloff. It was a market-wide re-pricing of political risk.
Trade war 2.0 is back
The fiscal reckoning is coming
And Wall Streetās "risk-on" mindset just hit a major speed bump
Next week is short, but it wonāt be quiet. Nvidia earnings + Senate tax drama = potential fireworks.
š¢ Are tariffs the new rate hikes? Let us know what you think below š