Apple facing 10% increase in products price ahead of US-China summit

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

"In the last century, we had two world wars, and in between them, the Great Depression", the ambassador said.

Speaking with the Wall Street Journal, Trump indicated that he intends to move ahead with his plan to increase the current 10% tariff on certain products to 25%.

FBN's Kristina Partsinevelos on the state of the markets. If Trump decides to impose additional tariffs, the hiked taxes would apply to a total of over $517 billion of Chinese goods. Brent settled at $60.21, down 27 cents or 0.45 percent.

The issue is the biggest looming over Trump's visit to Argentina, with the two economic giants locked in exchanges of punitive tariffs and Washington effectively threatening to impose sanctions on all remaining Chinese imports, including Apple products made in China.

Japan's Nikkei managed to edge up 0.4 per cent, but MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat.

European markets opened subdued, but dipped as trading progressed.

At 9.11am the rand was 0.13% firmer against the dollar at R13.8884, 0.07% against the euro at R15.7413, and 0.33% against the pound at R17.7544.

Kudlow said the administration has been "extremely disappointed" by China's engagement in trade talks but the meeting between Trump and Xi on the sidelines of the Group of 20 summit could be a game-changer.

Up to 145 whales die after mass stranding in New Zealand
A series of whale strandings occurred over the weekend in New Zealand, but the incidents are so far thought to be unrelated. DOC has notified Ngāi Tahu of the Mason Bay stranding and is working with the iwi on what to do next.


President Donald Trump said Tuesday that he may cancel a scheduled meeting with President Vladimir Putin this weekend in response to Russian "aggression" against Ukrainian ships in the Black Sea.

Economists at the Dutch lender Rabobank said the world economy could suffer badly over the next decade if the US-China trade war escalates further, with as much as 2% of GDP growth lost by 2030.

At 8:23 a.m. ET, Dow e-minis were down 112 points, or 0.46 percent.

In commodity markets, oil prices steadied, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week.

Brent crude futures rose US$1.68 to US$60.48 a barrel, while United States crude gained US$1.16 to US$51.58 a barrel.

"If need be, if things don't work out in this U.S".

Oil prices are down by nearly a third since early October, weighed down by an emerging supply overhang and widespread financial market weakness.

Related News:



Most liked

Taiwan votes down same-sex marriage
EDITOR'S NOTE - Christopher Bodeen has covered politics in China and Taiwan for The Associated Press for more than two decades. There was a series of votes on Saturday, including local elections with caused the President of Taiwan to quit.

Roadside bomb kills 3 US soldiers in eastern Afghanistan
Separately, the military said Tuesday that a preliminary review has found that an Afghan commando likely accidentally shot a U.S. The U.S. military involvement began within weeks of the September 11, 2001, terror attacks.

Winter Storm Bruce Heads East After Dumping Snow Throughout Midwest
The National Weather Service warned residents to take care as the winter storm continues to batter states throughout Monday. Kansas City International Airport got 5.3 inches of snow, and at least 7 inches of snow was reported in Rockford, Illinois.

MC Mary Kom wins record sixth gold medal at World Boxing Championship
Shekhar Kapur: In a nation confused on the position of women in Society, Mary Kom becomes India's all-time great athlete. In my weight category, there are a lot of experienced players. "Because of your love and support, I am able to qualify".

General Motors to slash 14,700 jobs in United States and Canada
The plant is used to make the Cadillac XTS and Chevrolet Impala sedans as well as the Chevrolet Silverado and GMC Sierra trucks. She said the firm was making the changes "to get in front of it while the company is strong and while the economy is strong".

Renault-Nissan alliance board could be divided over Ghosn's fate
Mr Ghosn was the head of the Japanese automaker since 1999 and is widely credited for turning it around from losses. However, he is still, at least for now, chairman and chief executive of both Renault and the alliance.

F1: Fernando Alonso gets special livery for Abu Dhabi Grand Prix
World Champion Lewis Hamilton has four months to rest and prepare for the new season which kick-starts in Australia next March. He raced with them until 2014, racking up a few wins along the way and challenging Sebastian Vettel for the title.

Museveni says boat that capsized in Lake Victoria not registered
The sinking was gradual, however, first responders could not make it in time to save ever life on broad after the emergency call. Nearby residents said the vessel was hired out for parties every weekend and often overloaded with revellers.

Comments of some leaders, European Union officials, on outcome of special Brexit summit
May has warned that MPs have a choice between her deal, leaving the European Union with no deal or Brexit not happening at all. At the same time, he urged the British parliament to back the deal because nothing better will come to the table.

Range Rover’s Compact Evoke SUV Gets a Makeover (With Eco-Friendly Options)
These changes are expected to allow the Evoque to stay true to the thoroughness of the urban SUV that the previous model ensured. Full local pricing and specifications will be announced closer to the new Evoque's local arrival in the second quarter of 2019.

Arsenal hosts Cherries; Wolves aim to snap skid — Premier League Sunday
Asked if his squad are playing as well as the teams in front of them, Emery said: "Sometimes yes, sometimes no". And that appears to be what Emery has managed already.

Copa Libertadores final: SHOCK footage from inside Boca bus, windows SMASHED
No visiting fans are allowed in the stadium, following a 2013 ban on away fans to stop football related violence in Argentina . Television pictures from the entrance to the Boca dressing room showed many players and staff seemingly affected by the gas.

Trump escalates his feud with Roberts over 'Obama judges' rebuke
It would not necessarily stop migrants from coming either; Trump would have to contend with the same asylum laws already vexing his efforts to harden the border.

Celebs flock to Deepika, Ranveer’s gala reception in Bengaluru
Hundreds of frenzied fans greeted the couple and cheered the celebs walking in, with bouncers keeping the boisterous crowd at bay. The ensembles donned by the couple during the various functions of their wedding ceremonies too became the talk of the town.

Trade Rumors Washington Wizards Wall and Beal
Now, it is being reported by Adrian Wojnarowski this comes after Wall lashed out at his coach Scott Brooks in a recent practice. They have a few big contracts on the books, headlined by Wall's $170 million extension that kicks in next season.