Interesting, Reuters seems the only one who "knows" abuot this.

One month ago Berset said, we keep all options open (don't we always ).
Why would Switzerland be one of the first to react? We deliver loads of steel and aluminium to the US?

Not only Reuters but also euronews, the ft and the good old Daily Star published this, I expect it will in The Local before year end

It is clear that Trump is considering more dubious tariffs so this is a pre-emptive Swiss move to block more tariffs before they hit cuckoo clocks

The Swiss don't give a f*** if it hits cuckoo clocks.
While becoming a pro about the US, don't forge where you live

Rudy Giuliani is reportedly still working on behalf of foreign clients months after joining President Trump’s legal team, raising conflict of interest concerns.

Source

If true he could end up in court facing similar charges to Manafort like not registering under the Foreign Agent Registration Act (FARA).

According to the article

Even not reporting would have been better than the Tagesanzeiger's headline:

Switzerland strikes back!

Also in the Tagi https://www.tagesanzeiger.ch/wirtsch...story/11691468
NZZ https://www.nzz.ch/wirtschaft/schwei...len-ld.1402216
SF https://www.srf.ch/news/wirtschaft/w...s-importzoelle

Thanks. Google refused to come up with any news for me younger than 1 year, when I checked.

I'm not sure I see the point in this. Trump doesn't give a hoot about WTO and in the end, I guess, every country can do what it wants.
So stock up on brown-sugar and get over your i-phone addiction. And - being an EF-member - sit back and drink tea.

Aren't the iPhones shipped directly from China anyway?
As are probably 100% of all other smartphones, as they're made there.
Some of their parts are made elsewhere (the glass is from the US, IIRC).

Some of the chips are actually from the US. Apple has a factory in the US (in Austin i think) that cranks out some of the more high-end chips. Low end and low cost components are mostly off-the-shelf standard stuff from China. But there are probably parts from quite a few other countries too.

The main chips (A11 etc.) are still made by Samsung, mostly (in Korea, I presume), but Apple has been backing TMSC with a lot of money so they aren't dependent on Samsung too much.

No idea where TMSC's fabs are.


For a product like the iPhone, with probably hundreds of parts sourced from dozens of countries, a world with tariffs doesn't make much sense anymore.

Apple is used to milking the market. If Apple needs to take a cut on its margin, or of the price goes up a bit further, I thinks sales will be pretty resilient.

It's the low cost cheap and cheerful manufacturers that will feel tariffs much more as that part of the market is much more price sensitive.

True, but parts not made in China are sent to China for final assembly so in the worst case they could face tariffs in both directions

I don't think so. Parts are made in many countries... but mostly China, Taiwan (I am not getting political here...), Japan and Korea. Some models have plastic made in Singapore and a couple of sensors are made in the EU. I don't see China putting tariffs on any of those as they will be smart and want to keep the assembly done in China.
Even if the display glass or something else is done in the US (? Is there?): Chinas tariffs on US products will be on agricultural and finished consumer products, not stuff that generates jobs. Because in short are the Chinese a whole lot smarter than the Trump administration.

It's the difference between sticking to a contract and breaking it, essentially at a whim and under false pretense.

Days before President Trump is set to visit the United Kingdom, the BBC ran a special program focused on his actions with women in the 1980s and 1990s with the provocative title "Trump: Is the president a sex pest?"

Source



Edit: Panorama

BMW said Monday that it would move production for some of its SUVs out of the U.S. [to China] as a result of new tariffs placed on the vehicles.
BMW is the largest U.S. auto exporter and employs 10,000 people at a plant in Spartanburg, S.C.

Source

Trump facing the law of unexpected consequences again.
I doubt BMW will move this production back to the US if the tariff situation improves?

Same poll says
Must be correct when Trump approves the poll

Source

What's this obsession with Obama?

Wouldn't it be more fitting for Trump to compare himself to Reagan?

Trump visiting the UK this week:

Senate lawmakers on Tuesday overwhelmingly voted in favor of a motion supporting NATO ( 97 - 2), as President Trump continues to criticize the alliance ahead of his summit in Europe.

Source

Trump and GOP are not well aligned are they?
This is just a token vote but is a clear expression of Senate opinion.