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Talking Point 2025/2026 - How Do The US Tariffs Affect You?

Talking Point 2025/2026 - How Do The US Tariffs Affect You?

CNAa day ago

23:32 Min
Talking Point 2025/2026
US President Trump's sweeping tariffs has hit allies like Singapore but with a pause on higher tariffs ending soon, what's at stake? Diana Ser unpacks how they could impact you.
Talking Point 2025/2026
About the show:
With a fresh approach to tackling the issues of the day, Talking Point investigates a current issue or event, offering different perspectives to local stories and reveals how it all affects you.

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Trump Organisation enters phone market with $638 Trump Mobile device
Trump Organisation enters phone market with $638 Trump Mobile device

Straits Times

time17 minutes ago

  • Straits Times

Trump Organisation enters phone market with $638 Trump Mobile device

The new Trump-branded smartphone will be available from September 2025. PHOTO: TRUMP MOBILE/FACEBOOK NEW YORK - The Trump Organisation launched a self-branded mobile service and a US$499 (S$638.34) smartphone on June 16, dubbed Trump Mobile, signalling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers. The new mobile venture, announced at Trump Tower in Manhattan , will include call centres based in the United States and phones made in America, the organisation said. 'We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world,' said the president's eldest son, Mr Donald Trump Jr. The Trump family, long known for its real estate empire, luxury hotels, and golf resorts, has in recent years ventured into newer arenas including digital media and cryptocurrency. This move would follow similar trends in right-leaning media and commerce, where ideologically aligned platforms – from news outlets to social networks – have emerged to cater to conservative audiences. The Trump Organisation, which is the main holding entity for most of the US president's business ventures, said ahead of Mr Trump's inauguration that control of the company would be handed to his children, replicating the arrangement from his first term, though concerns about potential conflicts of interest remain. T1 Mobile uses the 'Trump' name under a trademark licence, similar to other Trump-branded ventures where the brand is licensed to third parties. As a result, the Trump Organisation is not involved in designing the smartphone, manufacturing it, or providing the cellular service. A website that went live after the announcement included details of the new Trump-branded smartphone that will be available from September. The new network will be available for a subscription price of US$47.45 per month, a reference to Mr Trump, who was the 45th President in his previous term in office and is now serving as the 47th President. 'This latest move raises more questions than answers. As always, the devil is in the detail given that it is unclear around the actual commercial relationship with the telecom players and so forth,' said Mr Paolo Pescatore, TMT analyst at PP Foresight. DTTM Operations – the entity managing President Trump's trademarks – has filed applications to use his name and the term 'T1' for telecom-related services. The filings, submitted on June 12 to the US Patent and Trademark Office, cover mobile phones, accessories like cases and chargers, wireless telephone services, and possibly even retail stores. The smartphone industry in the United States is among the most saturated and competitive in the world, with leading global players Apple and Samsung dominating the market. More than 60 million smartphones are purchased annually by American consumers, but nearly all of these devices are manufactured abroad – primarily in China, South Korea, and increasingly in India and Vietnam. Despite the strength of US-based tech brands, there is no significant domestic smartphone production infrastructure, largely due to high labour costs, supply chain complexity, and reliance on overseas component sourcing. The US mobile network market is dominated by three national carriers: Verizon, AT&T, and T-Mobile, which together control over 95 per cent of the wireless market. These companies operate massive, capital-intensive infrastructures and offer bundled services to tens of millions of subscribers. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

Instant View: Trump Organization launches Trump Mobile smartphone service
Instant View: Trump Organization launches Trump Mobile smartphone service

CNA

time25 minutes ago

  • CNA

Instant View: Trump Organization launches Trump Mobile smartphone service

The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers. The new mobile venture will include call centers based in the United States and phones made in America, the organization said. The Trump family, long known for its real estate empire, luxury hotels, and golf resorts, has in recent years ventured into newer arenas including digital media and cryptocurrency. The Trump Organization, which is the main holding entity for most of the U.S. president's business ventures, said ahead of Trump's inauguration that control of the company would be handed to his children, replicating the arrangement from his first term, though concerns about potential conflicts of interest remain. PAOLO PESCATORE, TMT ANALYST, PP FORESIGHT "This latest move raises more questions than answers. As always the devil is in the detail given that it is unclear around the actual commercial relationship with the telecom players and so forth. "Inevitably as seen to date, we should expect to see backlash from a slew of stakeholders. "All parties will be keeping a close eye on how this evolves." BRIAN MULBERRY, CLIENT PORTFOLIO MANAGER, ZACKS INVESTMENT MANAGEMENT "Its pointed at Apple, that's a really big downward price pressure on what Apple's trying to do." "There's been kind of an opening for this type of device, if you will, simply because not just Apple, but Samsung devices to a certain extent as well, have really gotten so expensive in the moment in time and we haven't really seen that big of a measurable increase in utility." "Most of the apps that you can download on a smartphone are just like super search kind of functions, if you will. So having that same functionality at half the price, there's a market out there for that." "I think it's going to get probably some extra attention just because it has Trump's name on it but I think the marketplace has been ripe for this type of competition." "Competition is always good for consumers and that benefits markets in general. It's going to drive people to be more productive and compete more for consumers' dollars." DAVID WAGNER, HEAD OF EQUITIES, APTUS CAPITAL ADVISORS, CINCINNATI, OHIO "I don't see much impact from Trump mobile across the industry, as half of it's addressable market is negated by political parties, and then from there, this industry already has a lot of stickiness to current providers. These companies need scale to work, and we'll see if the company can execute on the most important thing - consistency of network."

Russia says US has cancelled next round of talks on easing tensions
Russia says US has cancelled next round of talks on easing tensions

Straits Times

time37 minutes ago

  • Straits Times

Russia says US has cancelled next round of talks on easing tensions

National flags of Russia and the U.S. fly at Vnukovo International Airport in Moscow, Russia April 11, 2017. REUTERS/Maxim Shemetov/ File Photo Russia says US has cancelled next round of talks on easing tensions MOSCOW - Russia said on Monday that the United States had cancelled the next round of talks between the two countries, an apparent setback in a process launched by presidents Vladimir Putin and Donald Trump to improve bilateral ties. In a statement, Foreign Ministry spokeswoman Maria Zakharova did not say if Washington had given any reason for the break in the talks, which began after Trump returned to the White House in January. Russia had described relations as "below zero" under the previous administration of President Joe Biden, which provided advanced U.S. weapons to Ukraine and imposed multiple rounds of sanctions on Moscow over the war. "As of today, the next meeting within the framework of bilateral consultations on eliminating 'irritants' in order to normalize the activities of diplomatic missions of both countries has been cancelled at the initiative of the American negotiators," Zakharova said. "We hope that the pause they have taken will not last too long." Russia had said only last week that the U.S.-Russia talks - which have been proceeding on a separate track from discussions about ending the war in Ukraine - would soon move to Moscow from Istanbul. However, the Kremlin - while denying that dialogue had stalled - also said last week that there were "a lot of blockages in bilateral relations" and talks on improving them were not expected to yield quick results. Both sides say there is huge potential for business and investment deals if relations improve. But Trump, despite holding five phone calls with President Vladimir Putin - most recently on Saturday - has voiced frustration about Russia's war actions in Ukraine and the lack of any visible progress towards a peace deal. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

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