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China says evaluating US offer of tariff talks but wants 'sincerity'
China says evaluating US offer of tariff talks but wants 'sincerity'
Economy
By AFP

China said Friday it is evaluating a US offer for negotiations on tariffs but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains. Beijing's commerce ministry on Friday confirmed the US had reached out and that it was "currently evaluating" the offer.

Tokyo's tariff envoy says US talks 'constructive'
Tokyo's tariff envoy says US talks 'constructive'
Economy
By AFP

Tokyo's envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been "frank and constructive." "We have no intention of negotiating in a way that would be detrimental to the national interest, so we have been firmly defending what needs to be defended and saying what needs to be said," he said Thursday.

Apple expects $900 mn tariff hit, US iPhone supply shifts to India
Apple expects $900 mn tariff hit, US iPhone supply shifts to India
Economy
By AFP

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.