The President of the United States, Donald Trump, threatened the European Union on Friday with a significant increase in tariffs on European goods. He stated that the current negotiations "are going nowhere.

President Donald Trump on Friday threatened to hit Apple with a 25% tariff unless the company starts manufacturing iPhones in the U.S., just days after he criticized the company for its reported plans to move its smartphone production from China to India in a bid to beat tariffs.

Tesla has had a tumultuous few days of trading—and now its stock looks set to end its four-week winning streak. Tesla stock has fallen 1.4% to $336.44 in early trading, while the S&P 500 and Dow Jones Industrial Average were down 1% and 0.