Apple, Trump and iPhone
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The tariff announcements placed a particularly high penalty on companies that manufactured in China, causing a scramble to figure out a way to make operational changes very quickly or risk losing billions.
Many of Trump’s other new tariffs remain, raising costs for importers and manufacturers. Here’s where his actions and proposals stand: On May 23 Trump threatened to impose a 50% rate on the European Union starting June 1,
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.
Jamie Dimon said during a global summit that “there’s a chance” the president’s policies could cause stagflation.
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.
To sweeten the deal, EU officials are also willing to extend a 2020 tariff-free arrangement on US lobster imports, as reported by the FT. That pact, which expires in July, helped