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The Latest Breaking News from Howard Lutnick

Trump launches queasy market on a wild tariff rollercoaster ride

ANALYSIS: Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

The Independent UK

ARK Invest’s Cathie Wood calls Trump tariffs ‘shock therapy’ that could clear the way for freer trade and economic stimulus

After Treasury Secretary Scott Bessent appeared to take the lead on trade negotiations, Wood turned bullish on the president’s tariff regime.

Fortune

Did Trump really ‘exempt’ Chinese phones, chips from tariffs?

Trump only rolled back tariffs imposed since April 2. Laptops, phones and semiconductors still face hefty levies.

Al Jazeera

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Trump says new chip tariffs will be announced next week

President Trump announced new semiconductor tariffs to be introduced next week as part of an effort to shift tech manufacturing to the U.S.

Tom’s Hardware

Whiplash

Plus: Rat buffet, critiquing the abundance agenda, arson at the Pennsylvania governor's mansion, and more...

Reason

Trump Escalates Trade Fight With China, Citing National Security Concerns Over Chips

Trump plans new semiconductor tariffs on China, citing national security and pushing for U.S. chip production.

Latin Times

Bad news — iPhone tariff exemption is only temporary according to US Commerce Secretary

You thought iPhones would be saved from tariff-induced price hikes? Apparently you (and we) were wrong.

Tom’s Guide

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Trump team tries to bolster confidence after tariffs chaos in markets

While investors remain anxious about the impact of tariffs on global markets, White House advisors are warning against panic. The fast-changing nature of Trump's trade policies means this message is — however — hard to swallow.

Euronews

Trump administration freezes $2.3bn in funds after Harvard defies demands – as it happened

This live blog is now closed.

The Guardian - US

Trump Tariff Exemption for Phones, Laptops Only Temporary: POTUS Wants Them 'to Be Built in America'

The Commerce Secretary has revealed that the current exemption on Trump's tariffs is only temporary and will come back soon.

International Business Times

China halts critical rare earth mineral exports as Trump teases new tariffs

US president says he will announce tariff rates on semiconductors next week

The Independent UK

Trump warns exemptions on smartphones, electronics will be short-lived, promises future tariffs

The US president has said no one is ‘getting off the hook’, as he promises to launch a national security investigation into the semiconductor sector

The Guardian - AU

Trump Downplays Tariffs Walk-back, Says No Country 'Off The Hook'

US President Donald Trump warned Sunday that no country would be getting "off the hook" on tariffs despite a 90-day reprieve on some levies, while also downplaying exemptions for Chinese technology.

International Business Times

Commerce Secretary Howard Lutnick says tariff exemption on electronic devices is temporary and semiconductor duties will come in ‘a month or two’

Lutnick referred to the new tariffs as “duties on semiconductors,” but they will span across other tech imports.

Fortune

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Euronews

US Commerce Secretary says tariff exemptions on electronics and pharmaceuticals are temporary

The Trump administration late on Friday said it would exclude electronics like smartphones and laptops from reciprocal tariffs, a move US Secretary of Commerce Howard Lutnick said would not be permanent.

The Guardian - UK

US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and Nvidia

The Independent UK

Howard Lutnick says tariffs on smartphones ‘coming soon’ after Apple gets China reprieve

Howard Lutnick says tech exemptions will end within two months after investors celebrate tariff relief

The Guardian - AU

Trump, Lutnick and the Shark: key players in the US-Australia tariff tussle

The 10% US levy imposed on Australian imports remains but with whom are we to negotiate? Here are our potential interlocutors and those going in to bat for us

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The Independent UK

White House refuses to provide list of countries it claims reached out with tariff deal

‘They all want to negotiate. The only problem is ... you can only do so many at one time,’ president says

Euronews

Trump wants iPhones to be made in the US. It's unlikely Apple will leave China despite his tariffs

Donald Trump is hoping Apple will return to the US to make its flagship products. Even with tariffs in place, there's little incentive for the tech giant to leave China.

The Independent UK

Inside Trump’s Oval Office as he called senators during Fox News breaks and world leaders begged to end his tariff plan

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

The Independent UK

Apple has few incentives to start making iPhones in U.S., despite Trump's trade war with China

President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the U

The Independent UK

Search for new markets for Irish goods ‘must go on’, says deputy premier Harris

Ireland’s premier and deputy premier have welcomed a pause on higher tariffs from both the US and EU sides.

Fortune

AOC and Warren demand answers on ‘insider trading’ allegations after Trump’s tariff U-turn sparks stock surge

“Americans need to know whether President Trump or anyone in his administration manipulated the market to benefit their donors,” said Sen. Elizabeth Warren.

Evening Standard

Irish premier welcomes EU pause on US tariff countermeasures

Taoiseach Micheal Martin said ‘we’re not out of the woods yet’.

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