Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.

Trump warned Apple CEO Tim Cook of a new 25% import tax if his company's trademark iPhones are not made in the United States.

President Donald Trump took another swipe at Apple CEO Tim Cook pressuring him to bring iPhone manufacturing back to the U.S.