TRUMP TARIFFS WEDDING COSTS
What Donald Trump’s India iPhone tirade means for Apple shareholders
Donald Trump criticized Apple for shifting iPhone production to India, urging it to build in the US instead. Despite political pushback, Apple’s India plans remain intact, with rising exports and investor confidence. Experts say US production is economically unviable, reinforcing Apple’s diversification strategy amid ongoing US-India trade negotiations.
Is economic nationalism the next big stress test?
Trump's threat of universal tariffs has sparked global economic anxiety, potentially unraveling globalisation amidst existing disruptions. The WTO has forecast trade contraction, especially impacting USA-China commerce. India faces GDP growth reduction and export income losses, prompting diversification efforts.
Trump says US will set tariff rates for other nations in weeks
President Trump announced plans to unilaterally set tariff rates for numerous US trading partners within weeks, citing insufficient resources for individual negotiations. Treasury and Commerce officials will issue letters outlining these tariffs. While prioritizing talks with key nations, the administration aims to implement reciprocal tariffs, potentially impacting US consumers as costs are passed down.
Chris Wood’s GREED & Fear flags 10% tariff base case, China’s remains at 40%
Jefferies' Chris Wood highlights a tariff deflation narrative, with markets anticipating a 10% cap, despite existing 40% tariffs on China. This shift, driven by IMF-World Bank discussions, has fueled market optimism, evidenced by the S&P 500's rise. However, concerns persist regarding the dollar's decline, potential cost increases for US households, and broader macroeconomic risks, including long-term economic stability.
Japan's economy shrinks more than expected as US tariff hit looms
Japan's economy unexpectedly contracted in the March quarter, shrinking by 0.7%, due to weak private consumption and declining exports. This downturn, the first in a year, raises concerns about the country's fragile recovery amidst potential disruptions from U.S. trade policies. Economists suggest the data may prompt calls for increased fiscal spending to bolster growth.
US' largest private employer to start hiking prices this month due to Trump's tariffs
Walmart has warned of possible price hikes on Thursday given the uncertainty in the tariff environment. Consumers could see price hikes as soon as the end of May, Walmart Chief Financial Officer John David Rainey said. Despite the tariff uncertainty, the company said it "will play offense" and may make strategic investments to strengthen its value proposition.
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US manufacturing output falls in April on weak auto production
U.S. manufacturing production experienced an unexpected decline of 0.4% in April, primarily driven by a sharp decrease in motor vehicle output, according to the Federal Reserve. This downturn raises concerns about the sector's ability to maintain its growth momentum in the second quarter, especially considering the impact of tariffs.
Trump throws Apple tantrum: Should India worry?
Amid trade tensions, Trump has reportedly told Apple CEO Tim Cook he prefers the company manufacture in the US, not India, despite Apple's plans to diversify iPhone production there. This comes as the US and China strike a trade deal, potentially reducing the need for Apple to shift production away from China.
US stocks open lower as trade truce rally fades, UnitedHealth falls
U.S. stocks are declining amid mixed economic reports, reflecting uncertainty surrounding President Trump's trade war. Retail sales fell short of expectations, while wholesale inflation showed improvement. Manufacturing appears to be contracting, but unemployment claims are lower than anticipated. Walmart's stock dipped despite a strong profit report, as the company cited tariff-related price increases and refrained from providing quarterly guidance.
Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
Walmart’s first-quarter profit declined to $4.45 billion from $5.10 billion a year ago due to higher costs from tariffs introduced by former President Donald Trump. While revenue rose 2.5% to $165.61 billion, slightly below expectations, adjusted earnings per share came in at 61 cents, surpassing analyst projections.
Chill, trimmed pill prices won't hurt us
Donald Trump's executive order targeting international consumer price parity for prescription drugs in the US faces implementation challenges and potential legal battles. While unlikely to significantly impact Indian generic drug exporters, the order aims to increase imports from developed economies.
WSJ comes down heavily on Donald Trump again; says the President surrendered to China in trade war
The Wall Street Journal has strongly criticized US President Donald Trump's decision to reduce tariffs on Chinese imports. The newspaper views this move as a major retreat rather than a victory. It argues that the tariff rollback undermines Trump's own trade policies. The Journal also highlights the damage to international trust caused by Trump's approach.
American couples’ wedding plans hit by Trump’s tariffs as cost goes up
US wedding costs are skyrocketing in 2025 under President Trump’s new tariffs. Couples are reeling as dress, décor, and vendor prices surge. Learn how trade policy is turning wedding planning into financial chaos and what you can do to save
How the world's largest jeweller is surviving the trade war
Pandora, the jewellery giant, faces uncertainty due to Donald Trump's trade policies. The company is considering how to manage potential tariffs on goods from Thailand and Vietnam.
Forget politicians, top economist claims bond vigilantes are the real global power players, and they've successfully 'boxed in' Donald Trump
President Trump's recent imposition of high global tariffs, dubbed "Liberation Day," triggered significant market selloffs and a surge in Treasury yields as bondholders reacted negatively. The intense market pressure, driven by concerns over long-term damage to US assets, ultimately led Trump to suspend the tariffs for 90 days, highlighting the power of traders and bond vigilantes to influence policy decisions.
US govt order unlikely to impact on Indian pharma players, says Cipla
Umang Vohra of Cipla says that the US order to lower drug costs will likely target branded drugs. He believes generic drug prices are already competitive. Vohra also states that potential US tariffs on pharmaceutical imports are not expected to significantly impact Cipla's business. He mentions that discussions between the US and Indian governments are ongoing.
US consumer prices rise moderately in April
U.S. consumer prices experienced a moderate rebound in April, with the CPI increasing by 0.2%. Inflation is anticipated to rise in the coming months due to tariffs on imported goods. However, a recent truce between the U.S. and China, involving reduced duties, may temper the expected surge in inflation, potentially influencing the Federal Reserve's monetary policy decisions.
US tariff pause on Beijing puts pressure on 'China-plus-one' countries
A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their "China-plus-one" advantage. While the pause offers China a reprieve, uncertainty persists, potentially delaying multinational corporations' investment decisions.
Tariff gap that once favoured India is shrinking fast after latest US-China deal: GTRI's Srivastava
A recent US-China trade agreement, featuring a 90-day tariff withdrawal, has narrowed the tariff gap between India and China. This shift potentially undermines India's competitive advantage in attracting companies seeking to diversify from China.
'We're starting to move everything': Trump's China deal frees up shipping
While ports appear capable of handling increased volumes, importers face tight deadlines to capitalize on the 90-day tariff reduction window.
Tariffs may have pushed up inflation in April, US government report to show
Economists anticipate a slight increase in inflation due to President Trump's tariffs, with consumer prices expected to rise. While a recent deal with China may offer some relief, overall U.S. import taxes remain high, potentially impacting prices for goods like furniture, groceries, and automobiles. The Federal Reserve faces a difficult situation, balancing the risks of both higher inflation and unemployment.
Is the U.S going to face toilet paper shortages due to Donald Trump's tariffs? Here's what the world's largest supplier of pulp is saying
A potential toilet paper shortage looms in the United States. This is due to US tariffs on Brazilian imports. Suzano SA, a major pulp exporter, reports reduced shipments. The tariffs are increasing costs for US consumers. These costs may lead to higher prices or shortages. The situation is reminiscent of the 2020 pandemic's toilet paper crisis.
'We're no longer paying...': Trump sets deadline for pharma firms to lower US prescription drug costs in new order
Donald Trump signed an order to cut drug costs. Pharma companies have 30 days to comply. Otherwise, the government will limit payments. The order directs the health department to negotiate prices. US drug prices will be linked to lower costs in other countries. Trump claims this will save taxpayers trillions. He accuses other countries of exploiting America.
Trump says he spoke with Apple CEO Tim Cook after US-China agree to slash tariffs amid trade war
President Donald Trump said he spoken to Apple CEO Tim Cook on Monday following the truce deal with China on tariffs. The US and China have announced a halt in fiery tariff imposition and marked a mutual deal to bring down import duty in both countries, which could be a big relief for Apple.
Have Donald Trump’s tariffs tamed inflations? Here’s what the latest CPI report reveals
A recent U.S. Consumer Price Index (CPI) report reveals an unexpected contributor to the current slowdown in inflation: President Donald Trump's tariffs.
A shipping change might help small businesses if not for Trump's trade wars
Donald Trump's administration ended a duty-free loophole for Chinese goods. This impacted small businesses in the United States. Companies like InRoad Toys faced challenges from cheaper competitors like Temu and Shein. While some businesses hoped for relief, Trump's tariffs created new problems.
A shipping change might help small businesses if not for Trump's trade wars
President Trump's move to end the duty-free loophole for Chinese goods under $800 aims to aid small businesses like InRoad Toys, which have struggled against e-commerce giants like Temu and Shein. While welcomed, the benefits are overshadowed by Trump's high tariffs on Chinese imports, creating new financial burdens.
Barbie meets the trade war: Donald Trump warns Mattel of crushing tariffs as CEO pushes back on U.S. production demands
US President Donald Trump has threatened toy giant Mattel with a 100% tariff. This was in response to Mattel's refusal to shift production to the United States, citing financial infeasibility. CEO Ynon Kreiz plans to diversify production to nations like India. Trump suggested that higher prices or fewer toys might result from tariffs, potentially impacting American consumers.
As costs soar, will Indian weddings start charging entry fees from guests? Netizens quip already happening, secretly
A New York couple's plan to charge wedding guests $333 each backfired. Only 60 of 350 invitees attended. An Indian businessman, Dr. A. Velumani, reacted to this news. He wondered if this trend might come to India. An Indian user shared a story of being asked to split a dinner bill at a wedding event.
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