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Trump fires new tariff threats at Apple and EU
Trump fires new tariff threats at Apple and EU
Business and Economy
by  AFP

President Donald Trump ratcheted up the US trade war on Friday, threatening to impose a new 25 percent levy against Apple, and a 50 percent tariff on the European Union. Lamenting that negotiations with the EU "are going nowhere," Trump said on Truth Social that he is recommending "a straight 50% Tariff on the European Union, starting on June 1, 2025."

Merz, Xi discuss Ukraine war, trade woes amid global 'chaos'
Merz, Xi discuss Ukraine war, trade woes amid global 'chaos'
Business and Economy
by  AFP

Germany's Friedrich Merz urged Chinese President Xi Jinping on Friday to support a Ukraine ceasefire push and discussed thorny economic ties, in the leaders' first call since Merz became chancellor. On the topic of Ukraine, Merz's office said he told Xi about "the common efforts of Europe and the EU to bring about a quick ceasefire" and urged China to "support these efforts".