Trump ups Trade War with the EU and Apple

"President Donald Trump said Friday that he would impose a 50% tariff on the European Union starting June 1 and threatened 25% tariffs on Apple
AAPL
-2.46%
iPhones if they weren’t made in the U.S., reminding the market that the trade war is still very much on."

https://www.barrons.com/articles/trump-eu-tariffs-47edb6b5

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FreddieUK · 70-79, M

As if IPhones made in the US are going to be cheaper than the current ones when higher wages and other costs are taken into consideration. No, I'm afraid he's just pushing up living costs for everyone.

UBotMate

Same predictable tactics. Impose a high tariff to try and force a deal. More from the Business for Dummies book, particularly the How To Negotiate for Dummies chapter.

JonLosAngeles66 · M

@UBotMate countries don't negotiate like this. Our credit rating has been lowered and the bond market is being affected. Really bad stuff.

tenente · 36-40, M

@UBotMate @JonLosAngeles66 the only uncertainty is if Tim Cook only needs to give the President another $1 million this time or if the price went up

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tenente · 36-40, M

threatened 25% tariffs on Apple

the economic term is : 'authoritarian fascist'

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