President Trump on Friday took aim at Apple and the European Union in a significant escalation of his ongoing trade war. In a one-two posting spree on Truth Social early Friday, he threatened Apple with 25% tariffs on non-US-made iPhones,

Apple (AAPL) shares fell about 3 percent in early trading Friday after President Donald Trump threatened to impose tariffs of at least 25 percent on iPhones manufactured outside the U.S. The move comes after Apple CEO Tim Cook met with Trump at the White House earlier in the week, according to reports.