The dollar slid Friday, extending this year’s losses to over 7%, after President Donald Trump threatened steep new tariffs of the European Union and revived investor concerns over global trade policy.

Donald Trump's latest tariff threats aren't helping the beleaguered dollar. The currency was lower on Friday—including against the euro, Japanese yen and Canadian dollar—after Trump targeted Apple and the European Union in his latest trade broadside.

Major stock indexes and the dollar fell on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and saying he may impose a 25% tariff on any Apple iPhones manufactured outside the U.