The United States agreed to reduce broad tariffs on Chinese imports by 10 percentage points, bringing them to 47%.
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China’s GDP growth fell to 4.8% in the third-quarter, down from 5.2% in the second quarter and the slowest pace in a year.
The announcement comes months after Apple said it’d invest $100 billion in US factories as part of its “American Manufacturing Program.”
Walmart — a.k.a., the largest grocer in the United States — sells so many groceries it’s nearly impossible to keep track.
A 2024 RAND study found that US drug prices are 278% higher than in 33 other developed countries in the OECD.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
President Trump placed 25% tariffs on aluminum and steel imports in March via executive order, before hiking the rate to 50% on Tuesday.
The company has spent the past few years bolstering its tech portfolio.
If successful, the company believes its affordable option could revolutionize EV adoption levels in America.
For those keeping score at home, that’s in addition to the $500 billion in domestic investments Apple announced earlier this year.
The company, mired in too many scandals and setbacks to print, lost nearly $12 billion when all was said and done in 2024.
In May, POTUS scrapped the “de minimis” exemption that allowed Shein and Temu to ship packages worth less than $800 to the US duty-free.
The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
The outlook for clean energy was already looking dim under Trump, who has promised to cut clean-energy while boosting oil, gas, and coal.
“This is bigger than one company. This is bigger than one government.”
Apple shifting production to India is just the latest sign that the world’s most populous nation may be a winner in global trade reordering.