12 h. ago Apple says Trump’s tariffs will boost costs by $900mn in June quarter

Chief executive Tim Cook says it is ‘very difficult’ to make predictions for latter half of 2025

Economics

6 d. ago Trade war fears trigger biggest slide in US consumer expectations since 1990 recession – business live

Rolling coverage of the latest economic and financial newsXi announces plan for Chinese economy to counter impact of US trade warEuropean stock markets are rising this morning, amid hopes that China is relaxing some of its tariffs.In London, the FTSE 100 index is up 12 points or 0.13%, at 8417 points. Engineering companies are among the top risers, with aerospare manufacturers Melrose up 3.6%, and Rolls-Royce up 2%, after Safran reported that tariffs on aircraft parts have been lifted.“We learned last night that China has taken the decision not to tax engines or landing gear or nacelles - in other words a certain number of aerospace equipment parts.”“It demonstrates that the situation is very fluid.” Continue reading...

Economics

7 d. ago China ‘may exempt some US goods’ from tariffs; British retail sales beat forecasts – business live

Rolling coverage of the latest economic and financial newsRachel Reeves used a brief speech to US investors at the British ambassador’s lavish residence in Washington last night, to acknowledge some of the downsides of globalisation, in a nod to Donald Trump’s stance.As she prepares to meet Treasury secretary Scott Bessent today, Reeves said China’s entry into the global trading system 25 years ago had created “huge benefits in terms of cheaper goods, more innovation and more opportunities to trade”.“They voted for change because they didn’t think that the economy worked well enough for them and their families. They saw the erosion of good jobs that paid a decent wage. They saw industries that once powered their towns disappear. And as elected politicians we have to respond to that”.“Some may say that under this very consequential president we have at the moment, this is a rollercoaster period and therefore a challenge to us all. But we would say that a rollercoaster is fine, as lon...

Economics

2 w. ago Nvidia hit with $5.5bn charge after promising half a trillion US investment

The world’s biggest chipmaker and AI leader is set to invest heavily in the States across the coming years

Economics

2 w. ago Apple airlifted iPhones worth $2bn from India in March as Trump tariffs loomed

Tech giant stepped up production and chartered cargo flights with at least six jets to ensure sufficient inventoryApple’s main Indian suppliers Foxconn and Tata shipped nearly $2bn worth of iPhones to the United States in March, an all-time high, as the US company airlifted devices to bypass Donald Trump’s impending tariffs, customs data shows.The smartphone maker stepped up production in India and chartered cargo flights to ferry 600 tons of iPhones to the United States to ensure sufficient inventory in one of its biggest markets based on concern that the US president’s tariffs would push up costs. At least six cargo jets were used in the operation, which one source described as a way to “beat the tariffs”. Continue reading...

Politics

2 w. ago FTSE and global markets bounce back after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple – but White House officials have downplayed the exemptions

Politics

2 w. ago Trump’s trade war with China shows no signs of slowing even with phones and electronics being exempted: Live

Electronics exemption to Trump’s tariffs will benefit high-tech companies such as Apple and Tesla

Politics

2 w. ago Russian TV mock Trump's tariffs as they applaud him on damage done to US

TV host Vladimir Solovyov took turns on his recent evening show at pillorying the US president over his backtracking of tariffs and his love of washing his hair in the shower

Politics

2 w. ago Trump in driver seat on tariffs says Lutnick and will personally negotiate top 15 trade deals: Live

Electronics exemption to Trump’s tariffs are boost for high-tech companies such as Apple and Tesla

Economics

2 w. ago Donald Trump exempts iPhones and laptops from new tariffs in huge U

US consumers feared price of handsets could triple if passed on to them

Politics

2 w. ago Trump rolls back some more tariffs as his ‘Liberation Day’ plans continue to face scrutiny: Live updates

Electronics exemption to Trump’s tariffs are boost for high-tech companies like Apple and Tesla, as well as China, which still remains under 145 percent levy

Politics

2 w. ago $2,150 for an iPhone? Trump tariffs are ‘category 5 price storm’

US is not set up to supply mobile phones and would cost estimated $30bn to move just 10% of chain from ChinaThe AI-generated video of tired-looking Americans making mobile phones, which circulated widely on social media this week, was a pointed vision of a post-tariff world. But Donald Trump wants it to become reality for Apple.The iPhone maker is one of the biggest victims of the US president’s realignment of the global trading order because its flagship product is assembled in the epicentre of Trump’s protectionist ire – China. Continue reading...

Economics

3 w. ago Apple said to be flying iPhones from India to US to avoid Trump tariffs

Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffsApple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs.The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters. Continue reading...

Politics

3 w. ago The race to beat Trump's tariffs: How Apple flew cargo planes containing 600 tonnes of iPhones

The details of the push provide an insight into the smartphone company's private strategy to navigate around the Trump tariffs and build up inventory of its popular iPhones in America

Politics

3 w. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

3 w. ago How Tim Cook's business empire could beat Donald Trump's tariffs: Apple's worldwide supply chain could soften the blow from trade war

The California-based company makes most of the devices in China , which the US President hit with a 54 per cent levy - a figure which could go up amid a trade war.

Politics

3 w. ago Apple is worth $1tn less than three months ago – why is it so hard

The iPhone maker has seen an outsize impact on its share price in 2025

Politics

3 w. ago UK company considers moving some production to US to reduce tariff impact

The company said it has ‘a number of options open to it to mitigate impact’ of Donald Trump’s tariffs

Politics

3 w. ago Trump's tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces a customer boycott

The cost of a 256GB iPhone 16 Pro could soar from $1,100 (£850) to as much as $3,500 (£2,715), experts warned after the President Donald Trump's 'Liberation Day' crackdown last week.

Economics

3 w. ago 'Goodbye iPhone, hello Samsung!' Apple fans promise to boycott the company

Apple fans have promised to boycott the company as the staggering price of the latest iPhone under President Donald Trump 's tariffs is revealed.

Technology