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Trump says rare earths deal and tariff cut agreed with China after high-stakes talks

Busan, South Korea/Beijing  —  A landmark meeting between Chinese leader Xi Jinping and US President Donald Trump on the sidelines of an international summit in South Korea Thursday appears to have made major strides to resolve frictions in the volatile relationship between the world’s two largest economies and rival superpowers. The two leaders had agreed …

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Trump threatens EU with tariff investigation after Google hit with $3.45 billion antitrust fine

Reuters  —  President Donald Trump on Friday threatened the European Union with an investigation that could lead to higher tariffs, after the EU fined Google billions of dollars for violating its antitrust laws. The EU announced earlier Friday that Google must pay a €2.95 billion ($3.45 billion) antitrust fine for anti-competitive practices in its lucrative …

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Apple just got a big win in Trump’s tariff war. It may have bigger concerns

Apple CEO Tim Cook should be breathing a sigh of relief. The White House on Wednesday ratcheted tariffs on Indian imports up by an additional 25 percent, raising the total levies on one of the United States’ most crucial trading partners to 50 percent when they kick in later this month. But smartphones are exempt …

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Trump threatens 25% tariff on Apple and says Samsung and other tech companies could be next

CNN  —  President Donald Trump on Friday demanded Apple and other smartphone makers like Samsung make their phones in the United States or face a 25 percent tariff. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured …

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Europe whacks American Big Tech with $797 million fine. Meta cries ‘tariff’

London CNN  —  The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law. The penalties for breaching the Digital Markets Act come amid attacks on the EU by the Trump administration for what it sees as the bloc’s unfair targeting of …

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China plans to turn Trump tariff ‘crisis into opportunity’

Hong Kong CNN  —  As countries around the world scramble to negotiate concessions from US President Donald Trump’s escalation last week of a global trade war, China has taken a different tack. Within 48 hours of Trump’s market-hammering tariffs announcement, the world’s second-largest economy swiftly retaliated with its own punitive measures on US goods and …

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