World Business Report
Tariffs: How can American businesses survive?
May 1, 2025
The podcast dives into the impact of tariffs on American businesses, with a focus on tech giants like Apple and Amazon. Small businesses share their tactics for survival amid economic challenges. A minerals deal between the US and Ukraine is explored, emphasizing equal partnerships. The World Health Organization's funding cuts raise concerns over global health initiatives. Lastly, it highlights a beekeeping project in Colombia aimed at empowering former FARC fighters and fostering peace through economic support.
26:29
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Quick takeaways
- Apple has shifted its manufacturing focus from China to India to mitigate tariff impacts, emphasizing significant investments in US manufacturing.
- Small businesses are facing existential threats from soaring costs due to tariffs, forcing many to implement hiring freezes and cut expenses.
Deep dives
Impact of Tech Giants Amid Trade War
Recent financial reports highlight how major American technology companies are navigating the ongoing trade war between the US and China. Apple has adapted by shifting its manufacturing focus; the majority of iPhones sold in the US are now sourced from India rather than China. CEO Tim Cook emphasized this change during an investor call, noting significant investments in US manufacturing as well. Meanwhile, Amazon has experienced minimal impact from tariffs, with strategies allowing their sales to remain stable despite tariff-induced uncertainties.
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