Apple, Trump and iPhone
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Importers are bringing in more goods with a recent tariffs pause, but not enough to guarantee retail store shelves won't run low, or empty in the months ahead.
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Trump doubled down Friday afternoon on the E.U. threat and added that not only Apple Inc. but Samsung and “anybody” making smartphones abroad would be hit with his 25% tariff,
Trump increases tariffs on all Chinese imports by 10 percent. China retaliates with 10 to 15 percent tariffs on U.S. coal and liquefied natural gas products, as well as agricultural equipment. Trump also announces a 25-percent tariff on all steel and aluminum products coming into the U.S., which comes into effect in mid-March.
High-end medical devices, including those made in the United States, may be especially vulnerable to tariffs because they’re built with parts from around the world.
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President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on smartphones unless those products are made in America. The threats, delivered over social media,
According to investment advisory firm Ritholtz Wealth Management, tariff decisions by the current U.S. administration are influenced by "the last person to whisper" in President Donald Trump's ear. Ritholtz's comments came after Trump earlier in the day reignited trade war concerns with threats of aggressive tariffs on Apple (AAPL) and the
Republicans are introducing legislation aimed at ending China's use of third-party countries to evade U.S. tariffs.
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump.