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Tokyo's tariff envoy says US talks 'constructive'
Tokyo's tariff envoy says US talks 'constructive'
Business and Economy
by  AFP

Tokyo's envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been "frank and constructive." "We have no intention of negotiating in a way that would be detrimental to the national interest, so we have been firmly defending what needs to be defended and saying what needs to be said," he said Thursday.

Apple expects $900 mn tariff hit, US iPhone supply shifts to India
Apple expects $900 mn tariff hit, US iPhone supply shifts to India
Business and Economy
by  AFP

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.

EU preparing new sanctions on Russia, French minister tells AFP
EU preparing new sanctions on Russia, French minister tells AFP
Business and Economy
by  AFP

French Foreign Minister Jean-Noel Barrot said Thursday that the European Union is preparing to hit Russia with a 17th round of sanctions, describing President Vladimir Putin as the "sole obstacle" to peace in Ukraine. Barrot took aim at Russia's president during the interview, saying: "It is now crystal clear that the only obstacle to peace today in Ukraine is Vladimir Putin."

US to end shipping loophole for Chinese goods Friday
US to end shipping loophole for Chinese goods Friday
Business and Economy
by  AFP

The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers' purchasing habits. The move announced last month means that goods shipped commercially will soon be subject to new tariffs of 145 percent -- the current level of levies imposed on goods coming from China.