Apple Expects $900 Million Tariff Hit As It Shifts US iPhone Supply To India
Apple reported first-quarter profits on Thursday that exceeded expectations, but warned that US tariffs are costing the company and disrupt the supply chain. Apple expects its tariffs to cost $900 million this quarter, despite the impact “limited” earlier this year, CEO Tim Cook said in a revenue call. “We hope that the majority of iPhones […]
Dollar poised for third weekly gain as tariff concerns ease – TradingView
The US dollar was heading for its third consecutive weekly profit as better than expected data eases concerns about investment in the world's largest economy as a sign of progress in consultations with some of Washington's trading partners. The dollar, the US Treasury Department and stocks bounced back from a sharp decline last month as […]
China Says ‘Evaluating’ US Tariff Talks Talks, But Wants Trump’s “Sincerity”
Beijing: China on Friday said it was evaluating the US offer to negotiate tariffs, but hoped Washington was “honesty” and was ready to scrap the taxes that have shaken up global markets and supply chains. Penalizing US tariffs, which reached 145% on many Chinese products in April, was responded by Beijing with a 125% duties […]
Dollar poised for third weekly gain as tariff concerns ease – Yahoo Finance
By rocky swift TOKYO (Reuters) – The US dollar has headed for its third consecutive weekly profit, in order to ease concerns over investment in the world's largest economy, as a sign of progress in consultations with some of Washington's trading partners. The dollar, the US Treasury Department and stocks bounced back from a sharp […]
Harley-Davidson pulls full-year forecast over ‘uncertain global tariff situation’
Harley-Davidson on Thursday suspended its full-year forecast as President Trump's tariffs fuelled economic uncertainty. “We are withdrawing our financial outlook for 2025 due to uncertainty in the global tariff and macroeconomic situation,” the motorcycle manufacturer said in a statement. The company estimated that the tariff bill could reach $175 million this year, despite most of […]
Apple revenue hits $95B as customers snatched up iPhones on tariff fears
Apple reported on Thursday that slightly beat Wall Street expectations as consumers stocked it on their iPhone amid fears of potential import taxes on signing devices from President Trump. The Cupertino, California-based company said its revenue and profit for the second quarter ended March 29 was $1.65 per share, $953.6 billion and $1.65 billion, respectively, […]
Chamber of Commerce asks for tariff exclusions, warns of recession
The U.S. Chamber of Commerce raised concerns about the recession on Wednesday asking the Trump administration to exempt tariffs on certain businesses and products. “This Chamber of Commerce hears every day from small business owners who see their capabilities at risk due to recent increases in tariff charges,” said Suzanne Clark, president and CEO of […]
US Chamber of Commerce urges Trump admin for tariff exclusions for small businesses
Forbes media chairman Steve Forbes analyzes how President Donald Trump's announcement of mutual tariffs means “final lines” for American companies. In a new letter to the Trump administration, the U.S. Chamber of Commerce warned that small businesses need automatic exclusion from tariffs that could undermine their ability to survive. The Chamber of Commerce on Thursday […]
XAU/USD: Gold Stays Off Record Highs as Markets Anticipate Good News on US-China Tariff Talks – TradingView
Key Points: Gold is nearly $3,300, away from record highs Trump says xi called, China says yes Traders are waiting for clarity before the next gold move Trump said he began trade negotiations with Xi Jinping after the Chinese leaders squealed him. However, Beijing said that didn’t happen. What now? 🥇 A gold stall below […]
Trump confident in tariff deal with China: ‘That’s gonna be it’
FOX Business’ Grady Trimble provides details on the impact of a potential tariff deal with China as President Donald Trump touts … source