Trump, European Union and Apple
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Trump, tariffs and Tax Cut
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President Donald Trump’s sweeping tariffs have given many Americans whiplash. The list of companies announcing price changes as a result is equally daunting.
Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.
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,
President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.
According to JPMorgan, U.S. President Donald Trump is trying to achieve conflicting objectives with his tariff policy. Read more here.
President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.
The move threatens significant volatility in the coming weeks, ahead of a crucial G7 summit in Canada next month.
BD8 Capital Partners CIO Barbara Doran analyzes the impact of President Donald Trump’s latest tariff threats on Apple and the European Union during an appearance on ‘Making Money.’