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How tariffs on China could increase smartphone, tablet prices

How tariffs on China could increase smartphone, tablet prices

CBC15-03-2025

China is a dominant production engine for tech gear — including for American companies like Apple that have their products assembled in the country — accounting for 78 per cent of U.S. smartphone imports in 2023, according to the Consumer Technology Association trade group. Technology analyst Carmi Levy outlines the expansive impact of U.S. tariffs on China in the tech world.

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U.S. reducing diplomatic, military presence in Middle East as tensions rise
U.S. reducing diplomatic, military presence in Middle East as tensions rise

Global News

timean hour ago

  • Global News

U.S. reducing diplomatic, military presence in Middle East as tensions rise

The United States is drawing down the presence of staffers who are not deemed essential to operations in the Middle East and their loved ones due to the potential for regional unrest, the State Department and military said Wednesday. The State Department said it has ordered the departure of all nonessential personnel from the U.S. Embassy in Baghdad based on its latest review and a commitment 'to keeping Americans safe, both at home and abroad.' The embassy already had been on limited staffing, and the order will not affect a large number of personnel. The department, however, also is authorizing the departure of nonessential personnel and family members from Bahrain and Kuwait. That gives them the option of leaving those countries at government expense and with government assistance. Defense Secretary Pete Hegseth 'has authorized the voluntary departure of military dependents from locations' across the region, U.S. Central Command said in a statement. The command 'is monitoring the developing tension in the Middle East.' Story continues below advertisement White House spokeswoman Anna Kelly confirmed the moves. 'The State Department regularly reviews American personnel abroad, and this decision was made as a result of a recent review,' Kelly said. Global News has asked Global Affairs Canada if it is conducting a similar drawdown of Canadian diplomatic staff in the region. The top U.S. military officer for the Middle East, Gen. Erik Kurilla, was scheduled to testify before the Senate Armed Services Committee on Thursday, but that testimony has now been postponed, according to the committee's website. The Pentagon did not have an immediate comment on why Kurilla's testimony was postponed. Tensions in the region have been rising in recent days as talks between the U.S. and Iran over its rapidly advancing nuclear program appear to have hit an impasse. The talks seek to limit Iran's nuclear program in exchange for the lifting of some of the crushing economic sanctions that the U.S. has imposed on the Islamic Republic. Iran insists its nuclear program is peaceful. 0:42 Trump's travel ban on 12 countries takes effect The next round of talks — the sixth — had been tentatively scheduled for this weekend in Oman, according to two U.S. officials, who spoke on condition of anonymity to discuss diplomatic matters. However, those officials said Wednesday that it looked increasingly unlikely that the talks would happen. Story continues below advertisement President Donald Trump, who has previously said Israel or the U.S. could carry out airstrikes targeting Iranian nuclear facilities if negotiations failed, gave a less-than-optimistic view about reaching a deal with Iran, telling the New York Post's 'Pod Force One' podcast that he was 'getting more and more less confident about' a deal. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'They seem to be delaying, and I think that's a shame. I'm less confident now than I would have been a couple of months ago. Something happened to them,' he said in the interview recorded Monday and released Wednesday. Iran's mission to the U.N. posted on social media that 'threats of overwhelming force won't change the facts.' 'Iran is not seeking a nuclear weapon, and U.S. militarism only fuels instability,' the Iranian mission wrote. Iranian Defense Minister Gen. Aziz Nasirzadeh separately told journalists Wednesday that he hoped talks with the U.S. would yield results, though Tehran stood ready to respond. 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@ the Bell: Markets firm as trade talks continue
@ the Bell: Markets firm as trade talks continue

The Market Online

timean hour ago

  • The Market Online

@ the Bell: Markets firm as trade talks continue

Equities trading in Canada's largest centre continued the winning theme of the week on Wednesday thanks to growth among consumer discretionary shares while investors watch the latest developments from US-China trade talks. Late Tuesday, US and Chinese officials concluded two days of trade talks in London by committing to revive a deal reached last month in Geneva and to lift China's export restrictions on rare earth elements — a key obstacle in the previous agreement. American traders were pleased with lighter inflation data from the consumer price index and the core CPI, which both rose 0.1 per cent in May from April, less than expected. The Canadian dollar traded for 73.14 cents US compared to 73.04 cents US on Tuesday. US crude futures traded US$2.91 higher at US$67.89 a barrel, and the Brent contract rose US$2.66 to US$69.53 a barrel. The price of gold was down US$25.35 to US$3,348.16. In world markets, the Nikkei was up 209.68 points to ¥38,421.19, the Hang Seng was up 204.07 points to HK$24,366.94 the FTSE was up 11.27 points to ₤8,864.35, but the DAX was down 38.66 points to €23,948.90. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

Brazil's Supreme Court justices agree to make social media companies liable for user content
Brazil's Supreme Court justices agree to make social media companies liable for user content

Winnipeg Free Press

timean hour ago

  • Winnipeg Free Press

Brazil's Supreme Court justices agree to make social media companies liable for user content

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