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 turmoil after weeks of de-escalation provided some reprieve.

President Donald Trump has threatened Apple with a tariff of “at least 25 percent” just for its iPhones unless it moves production to the United States.

El presidente estadounidense Donald Trump amenazó el viernes con imponer un arancel del 25% a los productos de Apple a menos de que los teléfonos

Trump's threat came after he asked Cook to stop making the popular phones in India and pivot to U.S. production instead.

Foxconn is investing $1.5 billion in its Singapore subsidiary, Hon Hai, which is building and expanding plants in India, according to Bloomberg. A stock exchange filing describes this as a "long term investment,

Foxconn to invest $1.5 bn in India for iPhone parts despite Trump's pressure to shift production to the US. New Chennai plant to create 14,000 jobs and boost India's electronics sector

Hey, Tim Cook, the iPhone is ringing and it's for you. The Apple (AAPL) CEO heard from President Donald Trump about the computer giant and iPhone maker's plans to expand production in India in a bid to avoid Trump's staggering tariff attack on China,