Apple will not be exempt from tariffs after all, with U.S. President Donald Trump working on new semiconductor levies that will likely impact

Business activity in the U.S. and Europe weakened in April, in contrast to pickups in Japan and India, underlining the diverse ways in which higher U.S. tariffs are affecting economies around the world.

What exactly does President Donald Trump want tariffs to accomplish? There hasn’t been a single cohesive narrative from the White House about what Trump ultimately hopes his tariffs will achieve, and with the president’s attempt Tuesday afternoon to walk back from the brink of his all-out trade war with China,