Apple to Source All iPhones From India, in China Pivot
Apple plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, The Financial Times reported.
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China Considers Exempting Tariffs on Some US Goods
China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible in the biggest sign yet that Beijing is worried about the economic fallout from its trade war with Washington.
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Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
On tariffs, one central banker said: "In the short run, we will have lower growth. We will probably also have lower inflation."
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"I wasn't worried," Trump said in a Time magazine interview during which he was asked about financial market tumult.
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US Plans Alaska LNG Summit, to Ask Japan, South Korea to Support Project
U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said.
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South Korea, US Aim for Trade Package by July
South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington.
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