Apple, iPhone and Donald Trump
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Tech CEOs like Nvidia's Jensen Huang pivoted hard, and publicly, toward Donald Trump this year. What are they getting in return. Not everything.
President Donald Trump said that the tariffs he threatened against Apple Inc. earlier Friday would also be aimed at a wider range of device makers, including Samsung Electronics Co., to spur them into moving manufacturing of their products to the US.
Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.
Apple was recouping some of its losses after President Donald Trump threatened to impose a levy on iPhones sold in the U.S.
Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.
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Shipments of iPhones from India to the U.S. rose 76% in April year on year, estimates from a technology market analyst firm shows.
Shortened trading week to feature inflation data, Nvidia earnings, political are fights brewing this summer, Musk is back at Tesla, and more news to start your day.