We now have a trade war with the world
The cost of supply chains and manufacturing facilities in the US would be more expensive than the effects of tariffs, even if Apple did choose to make the iPhone there, a report said. Stellantis said it’s considering increasing production in the US including bringing new models to its factory in Ridgeville, South Carolina, the CEO said.
A microsoft employee makes a statement on the 50th anniversary
A Microsoft employee has signed a petition calling for the software giant to stop selling technology to the Israeli military. “I joined Microsoft believing in its mission to ’empower every person’ and every organisation on the planet to achieve more,” the employee wrote. “If you must continue to work at Microsoft, I urge you to use your position…to hold Microsoft accountable to its own values,” he added.
Nintendo is postponing the release of Switch 2 due to tariffs
Nintendo has announced that the preorders for the Nintendo Switch 2 won’t begin on April 9. The preorders had been set to begin on April 6 but were pushed back due to concerns about US President Donald Trump’s newly announced tariffs. Nintendo said that the preorders will not begin on April 9 due to concerns about Trump’s new tariffs.
Trump’s economists have an answer on how much tariffs will raise prices
China said that it has lodged a WTO dispute complaint against the US, alleging that President Donald Trump’s tariffs on Chinese goods are discriminatory and violate WTO rules. China added 16 new US entities to an export control list, banning them from acquiring Chinese products designated as “dual use” for civilian and military purposes. Earlier, Trump announced 10% tariffs on virtually all imports from China.
How new tariffs will affect small retailers
US President Donald Trump has announced tariffs on $50 billion worth of Chinese goods, including iPhones and washing machines, in response to Beijing’s alleged manipulation of the Chinese market. Trump has said that the tariffs will reduce Americans’ spending on Chinese goods by $294 billion. The US has already threatened to impose tariffs on $250 billion worth of Chinese goods.
According to Trump’s economists, what will tariffs do to prices?
US President Donald Trump has said that the US’ new tariffs on Chinese goods will raise prices of Chinese products by about 16%. He further said that the tariffs would encourage other countries to lower tariffs. This comes after the US announced that it will impose tariffs of up to 67% on $60 billion worth of Chinese products.
The markets in Asia and Europe fell
Asian stock markets fell on Thursday, following US President Donald Trump’s announcement of new tariffs on goods from around the world. Stock markets in Thailand, Japan, South Korea, Australia and India fell by up to 0.7%. In Japan, Mitsubishi UFJ financial shares fell as much as 7.2% as the potential impact of the 24% tariffs on export-dependent Japanese economy dashed expectations that the central bank will keep raising interest rates.
Experts think Musk is to blame for the decline in sales
Tesla shares fell as much as 5% on Monday after the electric carmaker’s second-quarter earnings disappointed investors. The company reported a net loss of over $1.1 billion in the January-March quarter compared to a net profit of over $4 billion in the same quarter last year. Tesla’s stock has lost over 35% of its value since the start of the year.
Some military members think of a double standard
The White House has said that a US reporter was “added to a Signal group chat” of top Trump administration officials earlier this month, adding that it’s unclear how the journalist got there. Earlier, the New York Times reported that a senior official in the White House had added its reporter to the chat earlier this month.
Venezuela expects to resume accepting deportation flights from the United States
The US has agreed to return to El Salvador a Venezuelan citizen who was deported from the country last month. The deportees’ families had argued that they were not criminal gang members and were instead sent there on humanitarian grounds. US President Donald Trump had ordered the deportation of the migrants after they were found vandalising a US-Mexico border fence.