We're following the latest tariff news this morning, including President Donald Trump 's warning to Apple of a new 25% import tax if iPhones are not made in the U.S. and his recommendation of a 50% tariff on the European Union starting June 1.

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

Amazon this week claimed that is prices were remaining steady, but the news about President Donald Trump's tariffs and the economic fallout isn't getting any rosier: Just this week, Subaru announced that prices on certain models were getting hiked soon.