FT News Briefing Trump’s tariffs kick into higher gear
39 snips
Aug 1, 2025 Apple's revenues soar thanks to a strong iPhone performance in China amidst rising tariffs reimposed by Donald Trump on several trading partners. Samsung makes waves with a massive chipmaking deal with Tesla, potentially shifting the semiconductor landscape. The conversation also highlights Ukraine's decision to restore independence to its anti-corruption agencies, a significant move in its governance. This podcast deftly navigates the intertwined fates of technology and global trade.
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Trump's Tariffs Fully Reimposed
- Trump's tariffs faced multiple suspensions but are now fully reimposed on many trading partners.
- The U.S. secured mixed deals involving tariff reductions and investment pledges, altering trade dynamics.
Trade Deals Left Some Worse Off
- Despite deals, many countries face higher U.S. tariffs than before Trump.
- Countries like South Korea now face flat tariffs on key exports like cars, marking a disadvantage.
Countries Avoid Retaliation Against U.S.
- Most countries avoided retaliating against U.S. tariffs for fear of economic self-harm.
- This restraint helped Trump leverage tariffs effectively in trade negotiations.