India, May 23 -- The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
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 post on Truth Social, Trump also threatened to impose a 25 percent tariff on Apple (AAPL) iPhones that are not manufactured in the U.S.
Trump's tariff threats raised concerns about slowing economic growth.
The German economy logged a stronger-than-estimated growth in the first quarter, detailed report from Destatis revealed.
Gross domestic product registered a quarterly growth of 0.4 percent compared to the pr...