Business

A $30,000 iPhone? That's the estimated price tag for your smartphone if Apple were to make the device entirely in the U.S., according to an analysis that has resurfaced as President Donald Trump ignites a trade war with friends and enemies alike.That eye-popping estimate originated in 2018 with investor Glenn Luk, who argued the U.S. lacked both the skilled labor and raw materials needed to mass-produce advanced tech like the […]

Australia rejected China’s offer to work together to combat President Donald Trump’s tariffs. "We’re not about to make common cause with China," Australian Deputy Prime Minister Richard Marles told Sky News on Wednesday. "We are not going to be holding hands with China in respect of any contest that is going on in the world."FINANCIAL EXPERT GIVES INVESTORS A ‘DOSE OF REALITY’ AMID TRUMP’S TARIFF AGENDATrump issued a 90-day pause on […]

President Donald Trump on Wednesday announced a 90-day pause on his "reciprocal" tariffs taking effect to allow negotiations to proceed with trading partners that hadn't yet retaliated, which one of his main advisors touted as showing the progress made in bringing other countries to the table.White House senior trade counselor Peter Navarro appeared on FOX Business Network's "Making Money with Charles Payne" following the announcement and said the pause will provide […]

FIRST ON FOX: A new report is sounding the alarm about online giant Amazon, claiming the company is not complying with California law and that certain products that are potentially dangerous to children are able to be purchased by children through their platform. "The examination found that Amazon is currently not complying with §1798.99.1," the new study from the Children’s Advocacy Institute (CAI) at the University of San Diego School of Law […]

Treasury Secretary Scott Bessent said that China is at odds with the rest of the world as the Trump administration alleviated tariffs for everyone but Beijing on Wednesday. President Donald Trump on Wednesday announced that he would reduce recently imposed reciprocal tariffs on several countries, while also revealing an immediate increase in tariffs on Chinese goods to 125%."China is the most imbalanced economy in the history of the modern world," Bessent […]

President Donald Trump’s tariffs pushed some American clothing and accessory retailers to pump the brakes on orders and hiring. Smaller sellers of clothing and shoes without massive supply chains rely on Vietnam and China for products, Reuters reported.Vietnam and China, both major producers of apparel and footwear, were among the slew of countries that were hit by tariffs that the Trump administration unveiled last week.Those tariffs included a baseline levy of […]

Treasury Secretary Scott Bessent said customized tariffs were paused on Wednesday afternoon due to President Donald Trump wanting to be "personally involved" in negotiations as dozens of nations contacted the White House to strike deals."We've had more than 75 countries contact us. And I imagine after today, there will be more. So it is just a processing problem. Each one of these solutions is going to be bespoke. It is […]

Walmart executives told investors Wednesday that their confidence hasn't been rocked by President Trump's escalating trade war, despite the levies impacting the retailer's significant trading partners."I want you to know how confident I remain in our company. I've seen us navigate times like the period after 9/11, the global financial crisis, the pandemic, and more recently, high inflation," Walmart CEO Doug McMillon told a room full of investors and journalists […]

Democrats lambasted President Donald Trump’s tariff actions on Wednesday, with one Virginia congressman telling U.S. Trade Representative Jamieson Greer he has the "awful job" of trying to defend them.Greer began his testimony before the House Ways and Means Committee by defending Trump’s actions and dispelling criticisms of the president’s tariff calculus.Greer said that it is wise to consider non-tariff trade barriers from allies like the European Union.He said the U.S. […]