Trump, Apple and tariffs
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President Trump is pushing Apple to shift iPhone production to the U.S., while French winemakers are bracing for new trade barriers. Nancy Cordes and Elizabeth Palmer report.
President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.