US tariffs would favor global competitors: Apple urged admin

The most awaited and expected moment after Huawei placed in the explicit list of companies that need to revise terms of trade. It was expected that sooner or later the impact of tech war in view of enhanced tariffs would have an impact on Apple so is here. Apple has urged the US administration that proposed tariffs on Chinese imports would be counterproductive, saying they … Continue reading US tariffs would favor global competitors: Apple urged admin

Trump ordered to double tariffs is punitive Turkey, Lira plunges 15% against Dollar

President Trump said Friday that he told his administration to double steel and aluminum tariffs against Turkey, reflecting the rapidly deteriorating state of relations between the two countries. The announcement would mark a major policy shift, but it was made in a Twitter post with little context. Trump remarked that Turkey’s currency, the lira, was weakening against the U.S. dollar, a phenomenon that had made … Continue reading Trump ordered to double tariffs is punitive Turkey, Lira plunges 15% against Dollar