Just as investors thought they could take a break from tariff scares, President Trump’s threats of new levies against the EU and Apple threw trade tensions back into focus ahead of a long holiday weekend.

Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.

U.S. stocks fell Friday after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week. The S&P 500 lost 0.7% to close out its worst week in the last seven.