India, May 23 -- Canadian stocks moved to the downside early in the trading day on Friday but rebounded over the course of the session.

The benchmark S&P/TSX Composite Index climbed well off its early lows before ending the day up 25.94 points or 0.1 percent at 25,879.95.

Renewed trade concerns weighed on the market early in the session after U.S. President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st.

Trump claimed in a post on Truth Social that the EU has "been very difficult to deal with" and said trade talks with the bloc are "going nowhere!"

In a separate Truth Social, Trump also threatened to impose a 25 percent tariff on Apple (AAPL) iPhones that are not manufactured i...