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Trump tells Apple to make products in U.S. to avoid China tariffs

The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone. Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods. Trump tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. …read more […]

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Trump Trade Plans Tempered by Cohn and Mnuchin, Woodward Writes

President Donald Trump made a sweeping decision in August 2017 that could have rocked the global economy: the U.S. would pull out of Nafta, the World Trade Organization, and its trade deal with South Korea. Alarmed, Trump’s top staffers scrambled to stop him, according to Bob Woodward’s new book, “Fear.” Bloomberg News obtained a copy of the book ahead of its release, which is scheduled for Tuesday. Then-top economic adviser Gary Cohn and staff secretary Rob Porter pulled chief of staff John Kelly into the Oval Office to convince Trump to back down. …read more […]

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A writer who had $60,000 in student loans says it took him 5 years to make the mental shift he needed to pay them off before turning 30

Devaney contributed more than $600 a month towards his student loans for five years before he refinanced and consolidated them. In his 20s, Tim Devaney was a self-proclaimed spender, ate out twice a day, and would purchase Groupons he never used. The first five years after graduating college in 2010, Devaney considered movies, drinks, and dining out essential to life, he told Business Insider. …read more […]