Trump Announces 25% Tariffs on Japan and South Korea, Escalating Trade Tensions

Former U.S. President Donald Trump has reignited global trade tensions by announcing a 25% tariff on imports from Japan and South Korea, effective August 1. The move was communicated through formal letters addressed to the leaders of both nations and posted on Trump’s Truth Social platform, marking a significant escalation in his administration’s ongoing trade…

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Foxconn Posts Record Q2 Revenue Amid AI Demand, Flags Geopolitical and Currency Risks

Taiwan-based Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, reported record-breaking second-quarter revenue, driven by surging demand for artificial intelligence (AI) products. However, the company also issued a cautionary note on potential headwinds stemming from geopolitical tensions and currency fluctuations. In a statement released Saturday, Foxconn—formally known as Hon Hai Precision…

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