The Heat: Previewing the G20 and the Xi-Trump meeting Pt3

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

Trump says he expects to raise tariffs on US$200b of Chinese imports to 25%

Yesterday, the WSJ reported that President Trump would move ahead with the increase in tariff rate and would introduce a 10% on iPhones as well as other consumer electronics. Trump also said it was "highly unlikely" he would accede to Chinese requests to not institute additional tariffs.

United States companies are set to bear the biggest losses should American president Donald Trump proceed with a 10 per cent tariff on laptops and smartphones made in China. Trump's comments to the Wall Street Journal that he may include Apple's signature product in another round of tariffs on Chinese imports are another blow for Chief Executive Officer Tim Cook.

"If we don't make a deal, then I'm going to put the $267bn additional on", he told the newspaper, referring to the remainder of Chinese imports which so far have not been hit with tariffs.

So far, Apple's most lucrative devices, like the iPhone and iPad, have been left out of US tariffs.

Black Sea crisis: Captured Ukrainian sailors 'confess' to violating Russian border
The injured officer and about 22 merchants were taken into custody by Russian forces, who also seized the three Ukrainian vessels. The recent incident marks a significant escalation in tensions, which began rising with Russia's annexation of Crimea in 2014.


Trump's remarks came just as the mood among investors had shown signs of brightening and Wall Street took heart from an upbeat holiday shopping period.

However, in a call with analysts, Barra admitted that Trump's tariffs on imported steel and aluminium were among the "headwinds" GM faced and had cost the top U.S. automaker US$1 billion.

He was responding to a question about his meeting with President Xi in Buenos Aires later this week on the sidelines of the annual summit of G-20 leaders, including Prime Minister Narendra Modi.

"Although the current economic situation in the U.S.is good, people can not rule out the possibility of another-I don't want to use the word "crisis"-a similar situation as what happened 10 years ago", he warned". -China trade tensions. The benchmark 10-year government note yield was down 1.5 basis points from Monday's close, last at 3.06 percent.

Why Prince Harry and Meghan Markle Are Moving Out of Kensington Palace
But a royal source told the Mail the move was down to Meghan , who they claim is used to getting her own way . Reports the two brothers have fallen out was also quashed by the source. "They don't really get on".


"Maybe. Maybe. Depends on what the rate is", the president said, referring to mobile phones and laptops.

"Trump's pessimistic view on the chances of a game-changing China trade deal may puncture global equity markets' optimistic start to the week", said Sean Callow, a senior FX analyst at Westpac in Sydney. The United States targeted $250 billion in Chinese products, and Beijing lashed back by slapping tariffs on $110 billion worth of USA goods.

China has retaliated but has less room to manoeuvre as the United States buys much more from China than it exports there.

Elon Musk: 70% Odds I'm Going to Mars
Asked why he would even consider it giving the slim chance of survival, he added: "There's lots of people who climb mountains. Elon Musk says there is a 70 percent chance he will visit Mars and denies it is an escape hatch for the rich.


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