Apple CEO Tim Cook wants everyone—especially Donald Trump—to know that the company’s new iPhone Pro price hike has nothing to do with tariffs. “There’s no increase for tariffs in the prices to be totally clear,” Cook told CNBC’s Jim Cramer on Friday, the launch day for Apple’s iPhone 17 lineup. Earlier this month, Apple announced […]
Trump’s Policies Are Shutting Out Americans From the Coolest New Gadgets
Tech companies big and small now struggle to tantalize you with tech without telling you how much it will cost, or—hell—whether you can even buy it. The still-ongoing IFA 2025 tech conference in Berlin proved how merely shipping tech to the U.S. is more tenuous than at any time in the last few decades. From […]
Much of the World Stops Sending Mail to U.S.
Do you have a package coming your way from overseas? (I do, it’s a gift, and I’m very annoyed.) Hopefully it’s not urgent, because it’s going to be a minute before that thing gets to our shores. Questions surrounding the Trump administration’s ongoing tariff regime, including a policy to end an exemption from taxing small […]
Companies Find Potential Way to Avoid Trump Tariffs and Keep Prices Low
Donald Trump’s tariff regime has been scoffed at by business leaders and world economists (Larry Summers, for instance, called it both “crazy” and “dumb”), but the White House hasn’t backed down from its highly unconventional program. The tariffs, which are taxing American businesses on their imports, are reportedly generating billions of dollars in revenue for […]
Apple’s Tim Cook Talks Trump Tariffs and AI
On Thursday, Apple CEO Tim Cook said the Silicon Valley company could end up spending nearly $2 billion thanks to President Donald Trump’s tariffs. “For the June quarter, we incurred approximately $800 million of tariff-related costs,” Cook told investors on an earnings call. He added that the company expects those costs to climb to $1.1 […]
Josh Hawley Says Trump Tariff Rebate Checks Won’t Go to ‘Biden Voters’
Sen. Josh Hawley (R-Missouri) recently introduced legislation that he claims is designed to allow Americans to “benefit” from Trump’s tariff scheme. Now, he’s giving everyone good reason to believe that his ploy to send rebate checks at a time of rising inflation is just a political stunt. The administration’s tariffs are unprecedented in modern economic […]
Josh Hawley Wants to Send Out Rebate Checks So Americans Can ‘Benefit’ From Trump’s Tariffs
President Trump’s tariffs have generated around 20 billion dollars in revenue for the U.S. government, although it’s worth noting that a vast majority of this wealth has been derived from import duties on American businesses. In other words, Americans are paying the federal government (many critics have noted that tariffs are just taxes by another name) for […]
Here Comes the Pain From Trump’s Tariffs
As Donald Trump has given the automotive industry whiplash with his tariffs, which have, at different periods, applied to cars and car parts or haven’t applied at all. While it was hard to tell how the import tax would hit auto manufacturers, the impact is starting to look more concrete, and it ain’t pretty. As CNBC […]
The U.S. and EU Are Fighting Over Who Controls Big Tech
President Trump just slapped 30% tariffs on goods coming from the European Union, escalating a long-simmering conflict over who gets to write the rules for Big Tech. The move came just after Brussels moved forward with more regulations, this time targeting the booming field of artificial intelligence. The latest flashpoint is the EU’s new “Code […]
Mercedes-Benz Says Trump Is Holding It Back
Mercedes-Benz has long been a bellwether of elite consumption. Its luxury vehicles aren’t just status symbols. They’re economic signals, revealing how the world’s wealthy are spending. So when Mercedes releases its quarterly sales data, it’s worth paying attention. The German carmaker released its second-quarter sales figures on July 8, and they paint a picture that […]