Escalating U.S.-China Trade War Forces Apple to Navigate Tough Terrain Amid Rising Tariffs
Apple faces global price increases due to U.S.-China trade tensions, as tariffs impact supply chains and consumer sentiment declines sharply.
Beyond China-US tariffs, officials warn of 'tsunami' of cheap Chinese goods
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Q&A: What has China done so far? What could China do next?
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War with China
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Summary
In a significant escalation of trade tensions, China has increased tariffs on U.S. imports from 84% to 125%, amid President Trump's 145% tariffs on Chinese goods. Markets are experiencing volatility, with experts warning of a looming recession. Apple's iPhone production faces pressure as tariffs affect costs, with further predictions of global price hikes. This situation is compounded by Trump's criticisms over the delay of his TikTok deal and rising U.S. consumer sentiment anxiety— the latest index dropped to a low since the pandemic. Despite leveraging its $500 billion U.S. investment plan, analysts question Apple's ability to fully mitigate tariff impacts.
Sources (89)
- Trump's abrupt tariff decisions have caused chaos in global markets, reflecting poorly on his economic leadership and raising concerns about rising costs for consumers.
- Despite the pause, high tariffs remain in place, particularly against China, leading to worries of increased living expenses and potential negative effects on the economy.
- Critics argue that the tariffs disproportionately affect average Americans with higher prices while failing to address structural issues in international trade. The latest consumer sentiment data, showing a significant drop, reinforces concerns that Trump's trade policies are damaging public confidence.
Al Jazeera·1M· "…Ceteris Paribus, imposing blanket tariffs will do more harm than good, but it is worth understanding the reason behind it."
Boston Globe·1M· "…This sequence of events raises grave legal and ethics concerns."
PBS NewsHour·1M· "…The risk that this escalating trade war tips the world into a recession is rising as the two largest and most powerful countries in the world continue to punch back with higher and higher tariffs."
The Atlantic·1M· "…Trump’s approach so far doesn’t invite this outcome."
The Guardian·1M· "…The senators accuse Trump of announcing “a series of erratic, reckless tariffs, leading to significant market turmoil”, adding: “As a direct result of this chaos, the US financial markets have experienced dramatic declines over the course of just a few days.”"
PBS NewsHour·1M· "…The risk that this escalating trade war tips the world into a recession is rising as the two largest and most powerful countries in the world continue to punch back with higher and higher tariffs."
CNN·1M· "…The soft data has clearly deteriorated because of Trump’s tariffs."
The Guardian·1M· "…Apple faces paying a hefty sum on any iPhone brought into the US, which is likely to be passed on to consumers in the form of higher prices."
Al Jazeera·1M· "…The US alternately raising abnormally high tariffs on China has become a numbers game, which has no practical economic significance, and will become a joke in the history of the world economy."
The Guardian·1M· "…Despite the market turmoil, the Trump administration has held firm."
TIME Magazine·1M· "…Given the size of the two economies, experts fear global economic turmoil."
The Guardian·1M· "…The uncertainty in the meantime extended some of the most volatile trading since the early days of the Covid-19 pandemic."
The Guardian·1M· "…Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of Donald Trump’s tariff policies."
The Guardian·1M· "…Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of Donald Trump’s tariff policies."
The Guardian·1M· "…China, insisting it will fight to the end, will now have to judge whether it has the firepower to withstand a trade war or find a way to open talks."
PBS NewsHour·1M· "…Our definition of a Full Flop is a complete change in position."
Rolling Stone·1M· "…The markets corrected a little following Trump’s announcement on Wednesday, but they dropped again on Thursday, and it’s hard to imagine that the president’s back-and-forth tariff agenda is going to inspire a ton of economic trust."
The Guardian·1M· "…The market seems to be in a state of fatigue after a rollercoaster week."
The Guardian·1M· "…Trump has marketed his leadership on a message of strength, which has communicated itself to congressional Republicans, who – with a few notable exceptions – have fallen publicly into line with his tariff policies, whatever their qualms."
The Atlantic·1M· "…The problem is that nothing here has ended well."
The Atlantic·1M· "…The American average tariff rate today will be 10 times higher than it was in January."
The Nation·1M· "…This backward-spooling reasoning is evidence of many things, no doubt, but the efficacy of tariffs in leveling global market access—let alone stoking a full-fledged domestic manufacturing revival—isn’t among them."
The Guardian·1M· "…However, Thursday’s measure comes as a significant blow to western studios, with Bloomberg reporting shares of Walt Disney Co, Paramount Global, and Warner Bros Discovery Inc all suffering an immediate decline."
The Guardian·1M· "…Analysts have warned that moving iPhone production to the US would be prohibitively expensive because of factors such as the cost of paying hundreds of thousands of workers."
Al Jazeera·1M· "…Still, not all of Trump’s tariffs have been lifted."
PBS NewsHour·1M· "…It was a prescient call by the president."
TIME Magazine·1M· "…However, supporters of “slow fashion,” which advocates higher quality and longer lasting materials, see the tariffs as an opportunity for Americans to take a closer look at secondhand shopping, which can be more eco and budget-friendly."
Salon·1M· "…The real reason Trump caved was the stock market."
Al Jazeera·1M· "…Democrats have accused Trump of deliberately creating market fluctuations by flip-flopping between imposing and lifting tariffs."
Al Jazeera·1M· No analysis available for this article
HuffPost·1M· "…It’s not clear what further steps China will take, but the Foreign Ministry’s Lin said China will not sit idly by and let the legitimate rights and interests of the Chinese people be deprived of, nor will we allow the international trade rules and multilateral trading system to be undermined."
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