Trump’s sweeping tariffs have sent tech stocks tumbling. On Wednesday, the U.S. president announced blanket 10% tariffs on all countries, sparking fears of supply chain chaos and concerns about the U.
Apple's efforts to diversify its supply chain may have been for naught with the Trump administration's new tariffs that target
U.S. President Donald Trump further escalated a trade war on Wednesday by announcing he would impose reciprocal tariffs to match duties put on U.S. goods by other countries.
Eli Lilly is on Trump’s list as having committed $27 billion in investments. But that’s on top of an earlier commitment. In 2020, Eli Lilly announced it would spend $23 billion over four years, and the Biden spreadsheet records a total of $18.5 billion spent to build four manufacturing plants.
And it’s happening, and it will happen rather quickly,” Trump said in a joint address to Congress early in March.Start the day smarter. Get all the news you need in your inbox each morning.
The National Labor Relations Board has indefinitely postponed two complaint cases against Apple, after the Trump administration hired an Apple lawyer away to be the lead attorney for the watchdog.
The tech lobby wants Trump to use tariffs as leverage to kill or weaken foreign rules they say target Silicon Valley.
Trump announced sweeping tariffs Thursday, which caused markets to plummet, but the president believes they'll help the country going forward.