President Donald Trump launched a pair of fresh tariff threats via social media Friday, signaling a new 50% trade levy on import goods from the European Union could be assessed in a matter of days and a tariff of “at least 25%” on Apple iPhones manufactured outside the U.S. may also be in the works.

Futures for Canada's main stock index dipped on Friday after U.S. President Donald Trump recommended steep 50% tariffs on the European Union. June futures on the S&P/TSX index were down 1.04% at 8:03 a.

President Donald Trump said on Friday that he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade. "The European Union,