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That also gave a boost to the stock market, which contributed to the stronger confidence numbers. People are still jittery that the president's tariffs will lead to higher prices, although some spoke favorably about cheaper gasoline. Survey respondents are also nervous about the job market, despite the low unemployment rate. Scott Horsley, NPR News, Washington.
Up until now, smartphones have been largely spared from the president's trade war, so a 25% tax would be a big escalation if it actually happened, but probably not big enough to actually move iPhone manufacturing into the U.S.
Up until now, smartphones have been largely spared from the president's trade war, so a 25% tax would be a big escalation if it actually happened, but probably not big enough to actually move iPhone manufacturing into the U.S.
One analyst estimated that if Apple even tried to build iPhones here in this country, they would cost around $3,500, which is a lot more than the imported version, even with a 25% tariff.
One analyst estimated that if Apple even tried to build iPhones here in this country, they would cost around $3,500, which is a lot more than the imported version, even with a 25% tariff.
Companies tied to President Trump own about 80% of his meme coins. But on the guest list for this dinner are the next 220 top investors. An elite group at the very top will also get a private tour of the White House conducted by the president himself. Norm Eisen was an ethics advisor to President Barack Obama.
Companies tied to President Trump own about 80% of his meme coins. But on the guest list for this dinner are the next 220 top investors. An elite group at the very top will also get a private tour of the White House conducted by the president himself. Norm Eisen was an ethics advisor to President Barack Obama.
The White House says the president is working to secure good deals for all Americans, not for himself. Scott Newman, NPR News, Washington. Stocks close on a mixed note today.
The White House says the president is working to secure good deals for all Americans, not for himself. Scott Newman, NPR News, Washington. Stocks close on a mixed note today.
Former Missouri Congressman Billy Long is President Trump's pick to lead the IRS. It's a tumultuous time at the tax service. The agency's cut thousands of workers this spring, and more layoffs are expected now that tax filing season is behind us.
Former Missouri Congressman Billy Long is President Trump's pick to lead the IRS. It's a tumultuous time at the tax service. The agency's cut thousands of workers this spring, and more layoffs are expected now that tax filing season is behind us.
Long faced questions about protecting the privacy of taxpayers' information and Trump's threat to strip universities like Harvard of their tax-exempt status. The nominee is not an expert on the tax system. Before serving in Congress, Long worked as an auctioneer.
Long faced questions about protecting the privacy of taxpayers' information and Trump's threat to strip universities like Harvard of their tax-exempt status. The nominee is not an expert on the tax system. Before serving in Congress, Long worked as an auctioneer.
Long was also quizzed about his work promoting tax credits that have been dogged by accusations of fraud. Scott Horsley, NPR News, Washington.
Long was also quizzed about his work promoting tax credits that have been dogged by accusations of fraud. Scott Horsley, NPR News, Washington.
Treasury Secretary Scott Besson is in direct talks with the Walmart CEO. He tells CNN consumers could see price hikes.
Treasury Secretary Scott Besson is in direct talks with the Walmart CEO. He tells CNN consumers could see price hikes.
The Treasury Secretary also defended the whiplash of the on-again and off-again reciprocal tariffs. Besson called it strategic uncertainty. He also threatened that the Trump administration will bring back high reciprocal tariffs if certain countries don't come to the table.
The Treasury Secretary also defended the whiplash of the on-again and off-again reciprocal tariffs. Besson called it strategic uncertainty. He also threatened that the Trump administration will bring back high reciprocal tariffs if certain countries don't come to the table.
Vessen said this goes for 18 important trading partners, but he did not say which ones or how quickly these tariffs would return. Luke Garrett, NPR News, Washington.