‘5 Planes Full of iPhones’: Apple Rushes Shipments to US Ahead of Trump Tariffs
Apple (Nasdaq: AAPL) reportedly flew five cargo planes loaded with iPhones and other products from manufacturing centers in Asia to the United States in late March, racing to beat President Donald Trump’s sweeping new tariffs that took effect on April 5. According to The Times of India, the emergency shipments arrived over just three days […]
Kimbal, Elon Musk’s Brother, Calls Out Trump For “Permanent Tax” On US Consumer
Kimbal Musk, a director at Tesla (NASDAQ: TSLA) and brother of Elon Musk, has launched a fierce critique of President Donald Trump’s trade policies. In a recent social media post, Kimbal openly questioned Trump’s legacy, suggesting that the tariff regime he introduced amounts to “the most high tax” approach in generations. “Through his tariff strategy, […]
Trump Reopens Door for Japanese Takeover of US Steel
President Donald Trump directed national security officials on Monday to reconsider Japanese steelmaker Nippon Steel‘s (TYO: 5401) bid for US Steel (NYSE: X), potentially reviving a deal blocked by his predecessor Joe Biden. Trump instructed the Committee on Foreign Investment in the United States to submit a report within 45 days evaluating the proposed acquisition, […]
China Denies Role in WeChat Campaign Targeting Canada’s Carney
Canadian security officials have identified a Chinese government-linked information operation on WeChat aimed at influencing Chinese communities in Canada regarding Prime Minister Mark Carney, authorities said on Monday. The Security and Intelligence Threats to Elections task force traced the operation to Youli-Youmian, WeChat’s most popular news account, which intelligence reports link to China’s Communist Party’s […]
India Scraps Gold Deposit Program After Underwhelming Results
India has terminated a decade-old program that allowed citizens to deposit gold with banks in exchange for interest payments, keeping only short-term options alive in a move reflecting the scheme’s limited success. The Finance Ministry announced Tuesday it would discontinue medium and long-term deposits under its Gold Monetization Scheme effective March 26, while allowing banks […]
‘I Don’t Shut Up’: Tempers Flare Between Smith and Carney
Prime Minister Mark Carney and Alberta Premier Danielle Smith traded barbs this week after Carney mocked Smith’s appearances on US conservative media. At a weekend rally in Victoria, Carney joked about Ontario Premier Doug Ford’s efforts to address US tariffs on Canadian goods through Fox News appearances. “We’re sending Doug Ford on to Fox News […]
Hefty Surcharges for China-Built Ships Threaten To Upend US Maritime Ops
The US Trade Representative’s office is reportedly expected to announce a new rule that would impose fees of up to $1.5 million per port call for ships built in China, and between $500,000 and $1 million for carriers that merely own or have on order a single China-made vessel. “Ocean carriers have announced that to […]
Trump’s Counter-Counter Tariffs Trigger Worldwide Fallout
President Donald Trump has pressed ahead with a hardline tariff agenda, imposing new levies—dubbed “reciprocal” and “Liberation Day” tariffs by his administration. Several governments labeled “worst offenders” by Trump have pledged to lower or eliminate their own trade barriers in hopes of striking a quick deal. Israeli Prime Minister Benjamin Netanyahu pledged to slash Israel’s […]
Europe Strikes Back With Proposed 25% Tariffs On US Goods
The European Commission has unveiled a proposal to impose 25% counter-tariffs on a variety of US products in response to President Donald Trump’s decision to apply steep duties on steel and aluminum imports. Documents seen by Reuters reveal that the levies, affecting items such as diamonds, eggs, dental floss, sausages, and poultry, could take effect […]
Trump Tariffs Aftermath: Bailouts May Be Coming But No Pauses
The Trump administration is weighing the possibility of providing a lifeline to American exporters through a new tax credit. While details remain tentative, the idea is to offer an end-of-year rebate to companies hit hardest by retaliatory tariffs, a measure that would require congressional approval. The debate erupted on social media after a series of […]