A White House statement says that the European Union fine on Meta and Apple is a novel form of economic extortion and will not be tolerated.

Only yesterday Trump said the EU was not taking advantage any more, see the pic, about a third of the way down.

Now they are back being naughty again?

The thing this highlights is that this is a headline-driven market folks. On the whims of one person.

trump eu tariffs Thursday, April 24, 2025
Source: Forex Live