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California Attorney General May Take U.S. President Donald Trump To Court Over Potentially Singling Out Apple By Attempting To Charge The Company 25 Percent In iPhone Tariffs WccftechEurope's Been Negotiating by the Book, but Trump's Tearing It Up The New York TimesUnpacking Trump's Issue With the E.U. as He Threatens 50% Tariff Time MagazineTrade Between the U.S. and EU Is Massive. We Break It Down. WSJ
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Just as investors thought they could take a break from tariff scares, President Trump's threats of new levies against the EU and Apple threw trade tensions back into focus ahead of a long holiday weekend.
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A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.
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Stocks dipped Friday after President Donald Trump threatened to impose new tariffs on imports from the European Union and iPhones made outside the United States.
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President Donald Trump wants more products made in America, and he's not afraid of a few trade wars to make it happen. Back in the 80s, a different trade dispute brought new manufacturing to the U.S. Today on the show, how former President Ronald Reagan used the threat of trade protectionism to bring car-making stateside, and why the same strategy might not work today.
Related episodes:
The tensions behind the sale of U.S. Steel (Apple / Spotify)
Tariffs: What are they good for? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.
Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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