US: Wall St falls at open after Trump threatens EU, Apple with fresh tariffs

[NEW YORK] Wall Street dropped at the open on Friday (May 23) after US President Donald Trump recommended 50 per cent tariffs on the European Union, while Apple slid after he warned the company would have to pay tariffs if its phones were not made in the United States.

The Dow Jones Industrial Average fell 333.4 points, or 0.80 per cent, at the open to 41,525.7.

The S&P 500 fell 60.1 points, or 1.03 per cent, at the open to 5,781.89​, while the Nasdaq Composite dropped 303.4 points, or 1.60 per cent, to 18,622.38 at the opening bell. REUTERS