Donald Trump’s recent tariff announcements have caused significant market fluctuations, with some of the quickest drops seen in the last century. A 90-day tariff pause has been granted to countries that did not retaliate against the initial tariffs. However, China faces a steep 125% tariff, which could severely impact the battery industry due to China’s dominance in the supply chain. Even US battery manufacturers will feel the effects of these tariffs. Additionally, the cost of a US-made iPhone could rise by 90%, according to Bank of America’s analysis. These economic shifts highlight the potential for long-term changes in the global economic order.
Source: www.technologyreview.com

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