More from US tariffs: how Trump’s tax is hitting Big Tech and beyond
Three excellent pieces by Mark Gurman, John Gruber, and Ben Thompson recently published that explain why Apple can’t move iPhone production back to the USA. There is no tariff percentage that will result in a US-based “army of millions and millions of human beings screwing in little screws to make iPhones.” As Steve Jobs told President Obama back in 2011, “those jobs aren’t coming back.”
That’s one tidbit from Andy Jassy’s interview with CNBC today, where he was also asked about things like AI and Amazon’s rumored bid for TikTok. Jassy published a lengthy annual letter to shareholders today, too.
Below is a portion of CNBC’s interview.
The tariff apocalypse has not been canceled.
The UK is prepared to cut a tax that targets Silicon Valley, and other countries may follow suit.
9AM PT tomorrow, April 10th, and they’ll ship in June, just like the UK/EU/Canada ones that already went on preorder today during the Trump tariff flip-flop kerfuffle.
Delta reported its quarterly earnings today, but the company wasn’t able to provide investors an estimate on its finances for the year. “Given the lack of economic clarity, it is premature at this time to provide an updated full-year outlook,” says Delta CEO Ed Bastian.
“With broad economic uncertainty around global trade, growth has largely stalled.” The comments come just as China responded to Trump’s tariffs with its own hike on US goods.
The YouTuber’s line of chocolate bars are getting hit by new taxes on imports. MrBeast said on X that for products sold outside the US, it would be cheaper to produce them abroad given the trade war Trump created.
“A random price hike was pretty brutal ngl,” he wrote in a follow up post. “We’ll figure it out. I feel for small businesses though. Could really be a nail in the coffin for them.”
