🚀 Trump threatens iPhone Tariff

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. President Trump escalated his trade-war pressure on Apple, warning on Truth Social that any iPhones made outside the U.S.—including those shifting to India—will be hit with a tariff of “at least 25%,” a move that sent Apple shares down 2% and revived fears of cost-inflating supply-chain upheaval; analysts say relocating production stateside could push the iPhone’s sticker price toward $3,500, while the White House frames the threat as leverage to secure on-shore “precision manufacturing” and a more resilient semiconductor supply chain, underscoring a broader resurgence of tariff brinkmanship that now also targets a 50% levy on EU goods.

2. President Trump jolted markets by proposing a sweeping 50% tariff on all imports from the European Union starting June 1. Trump cited stalled trade negotiations and accusing the bloc of exploiting the U.S. through regulatory barriers, VATs, and trade deficits; the move, posted on Truth Social shortly after his threat to slap Apple with a 25% tariff on foreign-made iPhones, sent U.S. futures and European stocks tumbling and prompted fears of renewed trade wars with key allies, as Treasury Secretary Bessent framed it as leverage to extract better terms while critics warned of stagflation and global economic fallout.

3. A federal judge has blocked the Trump administration’s attempt to carry out mass layoffs and structural overhauls across numerous federal agencies, The judge issued a preliminary injunction that halts the implementation of a February executive order aimed at slashing jobs and reorganizing the bureaucracy; Judge Susan Ilston ruled that such sweeping changes require Congressional approval, siding with unions, advocacy groups, and states that sued to stop what they described as an unconstitutional power grab, while the administration seeks an emergency stay from the Supreme Court, arguing that the order merely curtails bureaucratic bloat—not statutorily mandated functions.

4. Headlines

   1. The Federal Reserve is likely to be more patient with interest rate changes due to trade policy uncertainty.

   2. Nuclear stocks rose after rumours that Donald Trump will sign an executive order intended to boost the industry.

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_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

Onwards and Upwards,

Liam Gill