Trump dwell: Apple shares plummet in ‘Liberation Day’ aftershock as Republican senators defy president over tariffs | EUROtoday

“China urges the U.S. to immediately cancel unilateral tariff measures and properly resolve differences with trade partners through equal dialogue,” China’s commerce ministry in an announcement to Agency France-Presse.

“For Australia, these tariffs are not unexpected but let me be clear — they are totally unwarranted. Trump referred to reciprocal tariffs. A reciprocal tariff would be zero not 10 percent. The admin’s tariffs have no basis in logic and they go against the basis of our two nations’ partnership,” Australian Prime Minister Anthony Albanese stated throughout a information.

“Free enterprise and competition have laid the foundations of the West’s success. That’s why Americans can listen to music on Swedish Spotify and we Swedes can listen to the same music on our American iPhones. This is why I deeply regret the path the US has embarked upon, seeking to limit trade with higher tariffs,” Swedish Prime Minister Ulf Kristersson stated.

“As a small country, we just want to survive. If he valued human rights and democratic principles, he would never mistreat small countries,” Cambodian People’s Party spokesperson Sok Eysan instructed the New York Times.

“My priority, and that of the government, is to protect Irish jobs and the Irish economy. And we will work with our companies, multinational companies and Irish companies, to navigate the period ahead,” Ireland’s Taoiseach Micheál Martin wrote on X.

President Donald Trump has privately instructed Cabinet members that Elon Musk will step again from his function within the administration quickly, based on a number of experiences.

Musk, who has been main the Department of Government Efficiency’s efforts to scale back the federal workforce and finances drastically, will quickly step right into a supporting function, nameless Trump insiders instructed Politico and ABC News. Trump mentioned this with Cabinet members at a March 24 assembly, Politico experiences.

The tech mogul is formally designated as a “special government employee,” which suggests his function expires after 130 days. That would imply the function ends in late May or early June, however many anticipated the White House to increase the function or discover one other option to maintain him in a front-line place, ABC News experiences.

Katie Hawkinson experiences from Washington D.C.

Donald Trump’s newest batch of worldwide tariffs despatched shockwaves via markets, seeing Apple inventory slide greater than six p.c in late-night buying and selling Wednesday.

The president introduced that blanket 10 p.c tariffs on all nations and far larger levies on “worst offenders” comparable to China and Taiwan.

The majority of Apple’s gadgets are manufactured in China and different Asian nations.

Stocks broadly obtained hit by Trump’s announcement with the S&P 500 plunging 2.8 p.c, whereas the Nasdaq 100 misplaced greater than 3 p.c, based on exchange-traded funds monitoring the markets.

Nevertheless, Trump praised Apple – together with different tech goliaths together with Meta and Nvidia – for investing within the U.S.

“Apple is going to spend $500 billion, they never spent money like that here,” Trump stated. “They’re going to build their plants here.”

Four Republicans joined each Democratic senator in a decision Wednesday to oppose President Donald Trump’s tariffs in opposition to Canada, Washington Bureau Chief Eric Garcia writes.

Senators voted 51-48 to reject the nationwide emergency Trump declared earlier this 12 months to justify slapping 25 p.c tariffs on Canadian imports.

The vote adopted Trump’s announcement of his “Liberation Day” tariffs, a collection of across-the-board levies of at the very least 10 p.c on all nations.

Senators Lisa Murkowski of Alaska, Mitch McConnell of Kentucky and Susan Collins of Maine joined Senator Rand Paul of Kentucky, who crafted a decision to oppose Trump’s tariffs with Senator Tim Kaine, a Democrat from Virginia.

Donald Trump imposed tariffs on uninhabited islands residence to penguins and seals and a U.S. army base on Wednesday.

The president imposed tariffs on the uninhabited Heard and McDonald Islands within the sub-Antarctic Indian Ocean.

The largely barren UNESCO World Heritage website was featured on Trump’s checklist of areas that now face a minimal of 10 p.c tariffs on U.S. imports, together with mainland Australia.

Gustaf Killander has the story.

Secretary of Commerce Howard Lutnick took a swipe on the European Union for not taking U.S. farm items simply hours after President Donald Trump imposed a brand new 20 p.c tariff on the commerce bloc.

“European Union won’t take chicken from America. They will take lobsters from America,” Lutnick instructed Fox News. “They hate our beef because our beef is beautiful and theirs is weak.”

Watch his feedback beneath:

But Tuesday’s elections took on a good larger significance. The races in Wisconsin and Florida had been the primary to go to voters since Kamala Harris’s devastating defeat in November, a swing-state sweep that noticed the Democrats lose floor in each battleground state and even dependable blue strongholds.

Despite being an “off year,” many citizens (particularly on the left) have remained energetic and engaged over the primary three months of Donald Trump’s presidency.