🚨 Trump Tariffs Tank Tech – Wall Street Waves the White Flag 🚨

🍔 Apple Tariff Tantrums, 50% EU Threats, and a Trillion-Dollar Tax Bomb

📊 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: ⬇️ 0.61%

• S&P 500: ⬇️ 0.67%

• Nasdaq: ⬇️ 1.00%

All three indexes posted weekly losses north of 2%, snapping the rally as macro headwinds intensified.

🚀 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.

📈 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.

👮️ Apple, EU, and the Manufacturing Ultimatum

Apple's shift to manufacturing in India didn’t save it from Trump’s 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.

₿ 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.

📊 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 weekend—watch for 5,750 and 18,600 levels

• $TYX / $TNX: Elevated yields = equity headwind

• $BTC: Needs to hold $108K to keep momentum

🧠 T&G's Take:

This wasn’t 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 Street’s "risk-on" mindset just hit a major speed bump

Next week is short, but it won’t be quiet. Nvidia earnings + Senate tax drama = potential fireworks.

📢 Are tariffs the new rate hikes? Let us know what you think below 👇