Apple will have to raise prices in response to President Trump's escalating trade war with China, the company said in a letter Friday, with hikes affecting products including the Apple Watch, AirPods, Apple Pencil, HomePod, and a number of chargers and other accessories. Trump responded on Twitter Saturday morning with an idea for an "easy" fix:
The president made clear the previous day he has no intention of backing away from his aggressive protectionism despite, as the Apple letter put it, concerns "that the U.S. will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for U.S. consumers."
A new package of tariffs targeting another $200 billion in Chinese exports to America "could take place very soon depending on what happens," Trump said Friday, as could an additional set of taxes on $267 billion in goods. "That totally changes the equation," Trump told reporters aboard Air Force One.
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Crossword: August 27, 2025The Week's daily crossword
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August 27 editorial cartoonsCartoons Wednesday’s political cartoons include a KKK rebrand, Donald Trump vs. Gavin Newsom, and Ghislaine Maxwell as the new Celebrity Apprentice
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The mission to demine UkraineThe Explainer An estimated quarter of the nation – an area the size of England – is contaminated with landmines and unexploded shells from the war
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New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
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NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
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Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
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FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
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Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
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Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
