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President Trump declares 100% tariffs on many drones and all aircraft parts weighing over 25kg, with 25% tariffs on most other drones and lower rates for allies, aiming to boost domestic manufacturing.
Nintendo reported a 150.5% surge in quarterly operating profit, boosted by strong game sales and approximately $300 million in US tariff refunds, but is facing a lawsuit over keeping those refunds while consumers paid higher console prices.
Altana CEO Evan Smith discusses how tariffs have not brought manufacturing jobs back to the US, the chaos in global trade, and how AI is transforming supply chain software.
Nintendo argues in court that customers voluntarily paid higher prices due to tariffs and have no legal right to refunds, as class-action lawsuits over tariff costs mount against various companies.
Apple secured a 100% semiconductor tariff exemption by agreeing to have Intel manufacture some chips in U.S. factories, a deal driven by White House pressure. The arrangement provides tariff protection and supplier diversity for Apple while giving Intel a prestigious customer to validate its manufacturing capacity.
The Volvo EX30 Cross Country is a compact, efficient EV that would be ideal for the US market, but due to tariffs on Chinese-made cars, Volvo has stopped importing it to the US, making it unavailable soon.
Sino-US Beijing talks reach multiple substantive policies, including extending tariff truce, relaxing chip export controls, restoring visas and flights, impacting enterprises, imports/exports, and technology sectors.