Stock markets declined after the president’s early-morning threats of 25 percent import taxes on iPhones and 50 percent on goods from Europe.

President Donald Trump on Friday demanded Apple make its iPhones in the United States or face a 25% tariff. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States,

The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.