The U.S. and China have begun talks in the aftermath of the Trump’s tariffs
USTreasury Secretary Scott Bessent has said that negotiations with China on trade have made “substantial progress” and more details would be announced on Monday. US and China have held two days of trade talks in Geneva. US Treasury Secretary Bessent said that the two sides had made “substantial progress”. Chinese Vice Premier He Lifeng is also participating in the talks.
Trump’s movie tariffs plan is causing confusion around the world
US President Donald Trump has announced that he’ll impose a tax of 100% on films and TV shows shot outside the US. The move aims to “protect our jobs” and “protect American film makers”, he added. Trump had earlier asked US Trade Representative Representative Robert Lighthizer to draft measures that would “protect US film and television companies from unfair trade practices”.
The app store was lost by Apple
A US judge said that Apple’s CEO Tim Cook had the option of complying with her order or choosing an “unjustified” App Store fee, reports said. The judge said this after Apple refused to comply with the court’s order and charged developers for links and buttons within their apps that would allow users to purchase methods outside of the App Store.
An update to the app will help sidestep Apple’s payment system
US-based music streaming platform Proton has said it will submit its app for review by Apple to enable payments outside of the IAP. “As a first step, we’ll submit an app update for review by Apple to enable payments outside of IAP so creators keep more from iOS based fan payments,” Proton CEO Andy Yen said.
GM thanks Trump for the big hit it expects to take
General Motors CEO Mary Anne Barr said the company was “in a period of waiting for a bit more clarity” on US President Donald Trump’s tariffs on imports of cars from Canada and Mexico. Barr added, “That’s a question we’ll have to answer soon.” Earlier, Stellantis, the parent company of Jeep, Dodge, and Ram, also scrapped its outlook for the year.
Apple doesn’t seem very worried about the tariffs
Apple is the company most at risk in a complete breakdown of US and China, David Yoffie, a Harvard Business School professor said. “They’re the company most at risk in a complete breakdown of the US and China,” he added. He further said that the scrutiny was warranted because “they are the company most at risk in a complete breakdown of the US”.