Stock markets declined after the president’s early-morning threats of 25 percent import taxes on iPhones and 50 percent on goods from Europe.

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,

WASHINGTON ― President Donald Trump reignited trade tensions ahead of the Memorial Day weekend with back-to-back social media posts targeting Apple and the European Union, sending global markets into another round of turmoil after weeks of de-escalation provided some reprieve.