WASHINGTON ― President Donald Trump reignited trade tensions ahead of the Memorial Day weekend with back-to-back social media posts targeting Apple and the European Union, sending global markets into another round of turmoil after weeks of de-escalation provided some reprieve.

President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States. This is the latest jab at Apple from Trump, who over the past couple of weeks has ramped up pressure on the company and CEO Tim Cook to increase domestic manufacturing.

Monday's announcement of a temporary reduction in import tariffs is only the latest chapter in a nearly eight-year trade dispute that began during President Donald Trump's first term. The agreement, which followed discussions between American and Chinese representatives in Geneva,

Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Massachusetts has its own imports and exports.

Opponents, like China, are learning President Trump's negotiating style, which typically ends up with him backing down and simply declaring a win.

Under former President Donald Trump, U.S. tariffs have soared to their highest level in nearly 90 years, averaging 18%. This increase in import costs raises questions about the financial burden on American households and the broader economic implications.