US stocks fall as Trump tariff threats spark fresh market uncertainty

US stocks fell on Friday, notching a weekly loss, after President Donald J. Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.

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All three main Wall Street indexes pared early losses but each still ended lower and shed more than 2% for the week. Technology, communication services and consumer discretionary stocks were the biggest losers of the S&P 500’s 11 subsectors. Utilities, consumer staples and energy stocks gained.

Apple touched a two-week low and finished down 3% after Mr. Trump warned the iPhone maker it could face potential 25% tariffs on phones sold to US customers but not manufactured in the country.

Treasury yields eased from multi-month highs, falling 4.4 basis points to 4.509% for the benchmark US 10-year note.