Gold price update for today, June 3, 2025: Gold rises amid tariff concerns
Gold futures started this Tuesday at $3,406.50 per ounce, showing a 1% increase from Monday’s closing price of $3,370.60. However, prices have dipped below the $3,400 mark after briefly hitting $3,417.80 earlier in the trading session. This modest uptick in gold prices coincided with news of heightened tariffs on steel and aluminum imports, alongside rising […]
Trump requests appeals court to delay US tariff suspension for the time being, in another case of its sort
The Trump administration is currently engaged in a legal struggle to implement President Donald Trump’s key economic initiative, which involves the Second Court’s decision that halted his cleaning and mutual tariff plans. The administration filed a new appeal on Monday with the U.S. DC Court of Appeals, just days after a related challenge was raised […]
Following Apple, Samsung is at risk of a 25% tariff increase. More changes may be coming.
Trump’s Tariff Threats Target Apple and Samsung President Donald Trump recently announced tariffs aimed at enhancing US manufacturing, specifically targeting Apple Inc and a broader range of device manufacturers, including Samsung. During a press briefing, he made it clear: if Apple doesn’t relocate its production operations to the US, they might face a hefty 25% […]
Trump Offers Tariff Solutions for Europe, Warns Harvard About Foreign Funds
How Europe Needs 50% of Trump’s Threat Treasury Secretary Scott Bescent shared some insights during an interview with Bloomberg TV on Friday. He mentioned that Europe faces challenges due to a lack of “group action,” which complicates trade negotiations with the United States. Bescent has discussed this issue before. He doesn’t simply criticize the European […]
Trump indicates a potential 25% tariff on Apple following the company’s move of iPhone production to India.
President Trump’s Tariff Warning to Apple In a bold statement, President Donald Trump warned Apple CEO Tim Cook that he plans to impose a 25% tariff on iPhones not made in the United States. This could significantly impact the company’s pricing structure. As it stands, Apple produces most of its iPhones in China and lacks […]
Bessent: Trump’s tariff warning should motivate the EU
Treasury Secretary Scott Bescent expressed hopes on Friday that the looming threat of new tariffs from President Trump might accelerate discussions with the European Union regarding a fresh trade agreement. During an interview with Fox News, Bescent criticized the EU for not conducting “good” negotiations with the White House. This statement followed Trump’s announcement of […]
Trump announces a 50% tariff on the EU as trade negotiations stall
Donald Trump announced plans to impose a 50% tariff on all imports from the EU into the United States, effective June 1. He stated that trade discussions have been “going nowhere.” In a surprising post on his social media platform, the President expressed frustration over his ongoing efforts to obtain concessions from the EU, accusing […]
Trump warns Apple of a 25% tariff on iPhones not produced in the USA.
President Trump has warned of a potential tariff of at least 25% on Apple iPhones not made in the US. In a strong message directed at Apple CEO Tim Cook, Trump stated that iPhones sold in the US must be produced domestically, otherwise they will be subject to significant tariffs. This warning comes amid heightened […]
Trump Warns Apple of Tariff After Earlier Exemption
Trump Pushes for U.S. iPhone Manufacturing In a recent post on Truth Social, former President Donald Trump encouraged Apple CEO Tim Cook to relocate iPhone manufacturing and assembly to the United States. Trump stated that Cook is aware of his expectations regarding this move. He mentioned, “I have informed Tim Cook a long time ago […]
Trump warns of a ‘straight 50% tariff’ on the EU
President Trump has warned of a potential 50% tariff on the European Union, effective next month. He argues that dealing with the 27-member bloc has been quite challenging, noting that negotiations have been stagnant. “The European Union was primarily created to leverage trade with the US, and they have become extremely difficult to engage with. […]