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The Latest Breaking News from Howard Lutnick

The Trump administration wants Apple to build iPhones in the U.S. — here's why that will be hard to pull off

Trump administration officials are talking about the prospect of bringing tech manufacturing from overseas to the U.S. The iPhone is a good example of why that would be hard to pull off.

Tom’s Guide

Did Tim Cook orchestrate Apple’s tariff break? What we know

A call from Tim Cook to Trump's people might have saved Apple billions of dollars.

Laptop

The silence between von der Leyen and Trump looms large over trade talks

Despite the European Commission holding exclusive competence on trade policy, Donald Trump has not spoken with its president, Ursula von der Leyen, since he returned to the White House.

Euronews

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Fishers celebrate Trump's seafood order while conservation groups fear overfishing

President Donald Trump’s executive order to boost the U.S. commercial fishing industry drew praise from commercial fishing groups and condemnation from environmental organizations

The Independent UK

Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk

Broadcom and Apple have a deep historical relationship. This creates risk with tariff worries abound, but also opportunity with AI at the forefront.

MarketBeat

Beijing slams Trump 'blackmail' after White House document sparks confusion over '245% tariffs' on China

The US President has ordered a probe into potential new tariffs on all US critical minerals imports

Evening Standard

Tech moguls who invested in Greenland mining also gave Trump campaign $243m: report

Troubling links tie tech money to both Greenland and Trump. The tech industry desperately needs the rare earth minerals on the island, while Trump repeatedly threatens to take over the territory

The Independent UK

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Joe Biden accuses Trump and Musk of taking ‘hatchet’ to social security

In first speech since leaving office, ex-president spoke of ‘destruction’ current administration has wrought

The Guardian - US

Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusion

The Guardian - US

Trump donors eye potential bonanza if US succeeds with Greenland land-grab

Ethical doubts over role of campaign backers and investors with financial ties to president worth hundreds of millions

The Guardian - US

US moves ahead with tariffs - launching pharma and chip investigations

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.

Euronews

Steve Bannon wants nearly ‘unmitigated disaster’ Commerce Secretary Lutnick yanked off media

Commerce Secretary Howard Lutnick has gushed about the coming glory days when ‘millions’ of Americans will soon be screwing screws into cell phones thanks to Trump tariffs

The Independent UK

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals

The Independent UK

Trump’s tariff policy is like Debashish Mohanty’s swing – unpredictable and accidental

Any minute now I'm expecting all hell to break loosePeople are crazy and times are strangeI'm locked in tight, I'm out of rangeI used to care, but things have changed.– Bob Dylan, Things Have Changed, Wonder BoysMaine revolver pehli baar uthaya hai…lekin itna jaanta hoon ki trigger dabane se goli…

Newslaundry

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The Independent UK

Trump launches queasy market on a wild tariff rollercoaster ride

ANALYSIS: Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Fortune

ARK Invest’s Cathie Wood calls Trump tariffs ‘shock therapy’ that could clear the way for freer trade and economic stimulus

After Treasury Secretary Scott Bessent appeared to take the lead on trade negotiations, Wood turned bullish on the president’s tariff regime.

Al Jazeera

Did Trump really ‘exempt’ Chinese phones, chips from tariffs?

Trump only rolled back tariffs imposed since April 2. Laptops, phones and semiconductors still face hefty levies.

Tom’s Hardware

Trump says new chip tariffs will be announced next week

President Trump announced new semiconductor tariffs to be introduced next week as part of an effort to shift tech manufacturing to the U.S.

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Reason

Whiplash

Plus: Rat buffet, critiquing the abundance agenda, arson at the Pennsylvania governor's mansion, and more...

Latin Times

Trump Escalates Trade Fight With China, Citing National Security Concerns Over Chips

Trump plans new semiconductor tariffs on China, citing national security and pushing for U.S. chip production.

Tom’s Guide

Bad news — iPhone tariff exemption is only temporary according to US Commerce Secretary

You thought iPhones would be saved from tariff-induced price hikes? Apparently you (and we) were wrong.

Euronews

Trump team tries to bolster confidence after tariffs chaos in markets

While investors remain anxious about the impact of tariffs on global markets, White House advisors are warning against panic. The fast-changing nature of Trump's trade policies means this message is — however — hard to swallow.

The Guardian - US

Trump administration freezes $2.3bn in funds after Harvard defies demands – as it happened

This live blog is now closed.

International Business Times

Trump Tariff Exemption for Phones, Laptops Only Temporary: POTUS Wants Them 'to Be Built in America'

The Commerce Secretary has revealed that the current exemption on Trump's tariffs is only temporary and will come back soon.

The Independent UK

China halts critical rare earth mineral exports as Trump teases new tariffs

US president says he will announce tariff rates on semiconductors next week

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