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Stockreport

Trump hits India with 25% tariff [MSNBC.com]

Apple Inc. (AAPL)  More Company Research Source: MSNBC.com
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Imports from India will now face a 25% tariff, President Donald Trump announced Wednesday, his latest trade-war declaration in what has become a cornerstone of his second administration.Writingon Truth SocialHe also said India would face an additional penalty for its reliance on Russian energy and military equipment.The announcement comes ahead of a Friday trade negotiation deadline that Trump said Wednesday “stands strong” and “will not be extended.” The president has signaled dozens of other countries will face a new baseline tariff level of as much as 20% — higher than the already-elevated 10% he announced in April.Taken together, those tariff levels are at or near the historic highs that Trump initially threatened on "Liberation Day" on April 2, a move that shocked the global economy and sent stock markets tumbling.Trump initially backed down, but has since steadily been reintroducing elevated tariffs at levels not seen since the 1930s, when a protectionist U.S. trade policy meant [Read more]

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Stockreport

Trump hits India with 25% tariff [MSNBC.com]

Apple Inc.  (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Imports from India will now face a 25% tariff, President Donald Trump announced Wednesday, his latest trade-war declaration in what has become a cornerstone of his second administration.Writingon Truth SocialHe also said India would face an additional penalty for its reliance on Russian energy and military equipment.The announcement comes ahead of a Friday trade negotiation deadline that Trump said Wednesday “stands strong” and “will not be extended.” The president has signaled dozens of other countries will face a new baseline tariff level of as much as 20% — higher than the already-elevated 10% he announced in April.Taken together, those tariff levels are at or near the historic highs that Trump initially threatened on "Liberation Day" on April 2, a move that shocked the global economy and sent stock markets tumbling.Trump initially backed down, but has since steadily been reintroducing elevated tariffs at levels not seen since the 1930s, when a protectionist U.S. trade policy meant [Read more]

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