Trump, Apple
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President Trump on Friday revived his trade war, threatening to slap hefty tariffs on the European Union (E.U.) and to hit Apple with tariffs if it doesn’t manufacture in the United States. His moves represented an about-face after weeks in which markets had rallied to Trump’s pausing of his “Liberation Day” tariffs on much
Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against one of America’s most valuable companies and one of its most important trading partners.
Trump has responded to threats of digital services taxes with threats of more tariffs, arguing that "only America should be allowed to tax American firms," Reuters reported. In February, Trump issued a memo calling for research into the best responsive measures to counter threats of digital service taxes, including threatening more tariffs.
More than a month after President Donald Trump’s tariff-focused “Liberation Day,” just about all America has won is more deadlines and assurances of ongoing talks.
1don MSN
America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump.
The 46th ASEAN Summit in Kuala Lumpur this week could see steps towards greater cooperation with China and Gulf states, experts say. Malaysia Prime Minister Anwar Ibrahim has urged ASEAN to engage “new partners” such as India,
Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.
U.S. Treasury yields eased on Friday but remained elevated as investors weighed the impact of President Donald Trump's tax bill on the U.S. economy.