President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on smartphones unless the products are made in America.

President Trump said iPhones manufactured abroad could face import taxes, stepping up his pressure campaign against Apple and its chief executive. "I have long ago informed [Tim Cook of Apple](

Stock futures point to a lower open after President Donald Trump raises tariff concerns again and as investors eye Treasury yields as Trump's tax bill continues to travel through Congress and.

Steve Madden has always known how to work a platform. The founder and former chief executive of footwear brand Steve Madden — whose boots, sneakers and sandals stacked with platform heels became a 1990s fashion staple — recently used an interview on “The Cutting Room Floor” podcast to criticize President Donald Trump’s China tariffs for raising the price of shoes and “destroying” the U.

Demanding new tariffs on Europe and Apple, Trump's wild tariff approach makes it tough to do business—and will put a drain on the economy.