Mark Twain once wrote: Sometimes I wonder if we're being run by smart people who are putting us on or imbeciles who really mean it.
Wonder no more.
We don't have the factories, the specifically skilled workers, or the materials to build iPhones here. So there's that.Trump’s massive 104% tariffs on China are set to go into effect at midnight tonight [April 8], a move that will have a major impact on Apple and its supply chain. Ahead of that, White House Press Secretary Karoline Leavitt said today that Trump firmly believes that Apple can move iPhone manufacturing to the United States.
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In response to a question from Maggie Haberman of The New York Times, Leavitt said]:“[Trump] believes we have the labor, we have the workforce, we have the resources to do it. As you know, Apple has invested $500 billion here in the United States. So, if Apple didn’t think the United States could do it, they probably wouldn’t have put up that big chunk of change.”Leavitt is referencing Apple’s announcement from February, when it said it would “spend more than $500 billion in the U.S. over the next four years.” Apple’s commitment, however, made zero reference to iPhone assembly in the United States. The press release focused on R&D in the U.S., chip production in Arizona, AI server manufacturing in Houston, Apple TV+ production, and an academy in Michigan.
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As reported yesterday, Apple has been stockpiling iPhone inventory in the United States ahead of Trump’s tariffs. This will help the company stave off the impact of the tariffs and avoid price increases for now.
9to5Mac
By the way, US tariffs on China are now 104%, and Chinese tariffs on the US are at 84%. Nice work, Trump.
And, the rest of the world is moving on without us.
President [of the European Commission Ursula] von der Leyen held today a phone call with Premier Li Qiang to discuss the state of EU-China relations, as 2025 marks the 50th anniversary of diplomatic ties.
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The President underscored the vital importance of stability and predictability for the global economy. In response to the widespread disruption caused by the US tariffs, President von der Leyen stressed the responsibility of Europe and China, as two of world's largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field.
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President von der Leyen emphasised China's critical role in addressing possible trade diversion caused by tariffs, especially in sectors already affected by global overcapacity. The leaders discussed setting up a mechanism for tracking possible trade diversion and ensuring any developments are duly addressed.
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The conversation also covered EU-China cooperation on the international climate agenda and the clean industrial transition.
Finally, President von der Leyen reaffirmed the EU's steadfast support for a just and lasting peace in Ukraine, emphasising that any conditions for peace must be determined by Ukraine. She invited China to intensify its efforts to contribute meaningfully to the peace process.
official EU website
Sure, hon. Tell me again, how much of what we're buying at the grocery is produced in this country?
In a nutshell...
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