**Breaking News: Trump’s Tariff Threats Spark Retail Collapse!**
In a stunning turn of events, President Donald Trump has unleashed a series of tariff threats that are sending shockwaves through the retail and tech sectors, igniting fears of an impending economic collapse. The stakes are high as Trump threatens a staggering 25% import tax on Apple unless it shifts iPhone production to the U.S. This bold move comes just days before a new wave of tariffs on European goods, raising alarms among investors and consumers alike.
Apple’s stock plummeted by 3% in pre-market trading, erasing nearly $70 billion in value as the tech giant grapples with the fallout of Trump’s aggressive trade policies. If the tariffs take effect, a standard iPhone could skyrocket from $799 to over $1,140, a price hike that could push the beloved device out of reach for countless Americans already feeling the pinch of rising costs.
Retail giants like Walmart are not immune. Reports indicate that they are already hiking prices on essential goods, leaving consumers to bear the brunt of this chaos. Analysts warn that if more retailers follow suit, the sector could spiral into a crisis, leading to mass layoffs and empty storefronts across the nation.
The broader implications are dire. With inflation already at 4.5% and consumer debt at an all-time high, the U.S. economy is teetering on the brink of recession. Experts predict that prolonged trade tensions could shrink the GDP by 8% within a year, wiping out years of economic growth and jeopardizing millions of jobs.
Internationally, the situation is escalating. The EU and China are poised to retaliate, threatening tariffs of their own, which could further disrupt global trade and deepen the crisis. As June approaches, the nation holds its breath, watching to see if Trump’s gamble will pay off or plunge the economy into uncharted territory.
The clock is ticking, and the stakes couldn’t be higher. Consumers, businesses, and investors must brace for impact as this trade war unfolds, with the potential to reshape the future of American manufacturing and the global economy. Stay tuned as this story develops.