Gavin Bade

And similarly, this trade court in New York said that the Trump administration also exceeded its power under these federal statutes. So it is basically some anti-regulatory precedents that came recently from the U.S. Supreme Court are now, for now at least, restricting the Trump administration just like they did the Biden administration before then.

And similarly, this trade court in New York said that the Trump administration also exceeded its power under these federal statutes. So it is basically some anti-regulatory precedents that came recently from the U.S. Supreme Court are now, for now at least, restricting the Trump administration just like they did the Biden administration before then.

What's remarkable about this case is that it really ties in law, politics, and economics are all here inextricably tied. And what the courts do is going to affect the way the markets and the way that trade policy is seen around the world. So it'll be fascinating to see the interrelations between these different fields of coverage.

What's remarkable about this case is that it really ties in law, politics, and economics are all here inextricably tied. And what the courts do is going to affect the way the markets and the way that trade policy is seen around the world. So it'll be fascinating to see the interrelations between these different fields of coverage.

You're seeing a number of things build up here. It's hard to know which one is the straw that broke the camel's back, but there's a lot of ongoing frustrations from the U.S. side.

You're seeing a number of things build up here. It's hard to know which one is the straw that broke the camel's back, but there's a lot of ongoing frustrations from the U.S. side.

Well, certainly for the EU, they feel out of the blue for them. The European diplomats really felt like they were making progress in these trade talks. Certainly, they did not go to lunch on Friday expecting to see this sort of online missive from the president. But when you ask the administration, the frustrations are kind of multifold here.

Well, certainly for the EU, they feel out of the blue for them. The European diplomats really felt like they were making progress in these trade talks. Certainly, they did not go to lunch on Friday expecting to see this sort of online missive from the president. But when you ask the administration, the frustrations are kind of multifold here.

We've heard Trump talk often about tariffs and non-trade barriers, about European Union lawsuits against companies like Google, something he brought up in the Oval Office today again. And then I think there are some unstated frustrations as well, especially when it comes to how they want the EU to approach China. And then you just see that this is a little bit of art of the deal stuff, right?

We've heard Trump talk often about tariffs and non-trade barriers, about European Union lawsuits against companies like Google, something he brought up in the Oval Office today again. And then I think there are some unstated frustrations as well, especially when it comes to how they want the EU to approach China. And then you just see that this is a little bit of art of the deal stuff, right?

Like Trump is dissatisfied with the pace of these negotiations. He and his team certainly don't like to be lectured by EU officials like we saw this week at the G7. And so I think you're seeing a number of things being build up here, there's a lot of ongoing frustrations from the US side.

Like Trump is dissatisfied with the pace of these negotiations. He and his team certainly don't like to be lectured by EU officials like we saw this week at the G7. And so I think you're seeing a number of things being build up here, there's a lot of ongoing frustrations from the US side.

Not publicly yet, but I think there's going to be a redoubling of an effort to get to a deal here. Treasury Secretary Scott Besson said on Fox this morning, we want to light a fire under the EU. The president is dissatisfied with the pace here. And so far from blowing up the negotiations, I think the two sides are still going to come back to the table.

Not publicly yet, but I think there's going to be a redoubling of an effort to get to a deal here. Treasury Secretary Scott Besson said on Fox this morning, we want to light a fire under the EU. The president is dissatisfied with the pace here. And so far from blowing up the negotiations, I think the two sides are still going to come back to the table.

And maybe this just is the push they need to get some of the more intractable issues solved here.

And maybe this just is the push they need to get some of the more intractable issues solved here.

Tim Cook is probably one of Trump's closest corporate contacts. However, a 25% tariff is going to be felt by consumers of phones in the United States. We're just not going to see another economy or Apple eat that entire tariff. It's going to be significant. But I don't think they can do soup to nuts entire iPhone in the United States for anywhere near the price point.

Tim Cook is probably one of Trump's closest corporate contacts. However, a 25% tariff is going to be felt by consumers of phones in the United States. We're just not going to see another economy or Apple eat that entire tariff. It's going to be significant. But I don't think they can do soup to nuts entire iPhone in the United States for anywhere near the price point.

But it's all about the industrial ecosystem. We simply don't have that here yet. So there's going to be significant challenges to building anywhere near the amount of iPhones that are demanded by U.S. consumers in this country.

But it's all about the industrial ecosystem. We simply don't have that here yet. So there's going to be significant challenges to building anywhere near the amount of iPhones that are demanded by U.S. consumers in this country.