India, May 23 -- The major U.S. index futures are currently pointing to a sharply lower open for the markets on Friday, with stocks likely to come under pressure after ending the previous session roughly flat.
The futures plunged after 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 in the U.S.
Trump's threats have led to renewed to trade concerns, which had waned considerably in recent weeks aft...