Morning Brew Daily Trump Bumps China Tariffs to 104% & People Are Panic-Buying iPhones
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Apr 9, 2025 President Trump’s staggering 104% tariffs on Chinese goods ignite panic-buying at Apple stores as shoppers rush to avoid price hikes. The podcast dives into the implications for small businesses and the economy at large. It also touches on the IRS's low audit rates and the exciting revival of San Francisco's downtown with new retail openings. Additionally, lighter moments reveal a fan's hilarious adventure on a boat, highlighting the thrill of lower league football and some fun behind-the-scenes tales from the world of entertainment.
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Worst Baseball Game Ever?
- Two D3 baseball teams, Lehman College and Yeshiva University, played a doubleheader after losing a combined 141 games.
- Both teams snapped their losing streaks by winning one game each.
Trade War Impact
- Trump imposed 104% tariffs on Chinese goods, impacting global trade and potentially causing a recession.
- Mr. Beast noted the tariffs make it cheaper to produce his chocolate bars outside America, harming small businesses.
Apple's Tariff Trouble
- Apple stockpiled iPhones in the US due to tariffs and consumers are panic-buying, fearing price hikes.
- Apple's overreliance on China for iPhone manufacturing (90%) makes them vulnerable.