This week President Trump announced new tariffs on imported solar panels and washing machines. The president says the move is to protect American jobs, but critics say the opposite will happen.
Abigail Ross Hopper is the president of the U.S. Solar Energy Industries Association. She says there is no way that the tariffs are going to help American jobs, in fact, Hopper argues it will hurt American jobs.
Hopper says we have been a leader in the solar energy space, but now, she believes we are going to cede that leadership. Overall, Hopper is concerned that this will drive businesses away from choosing solar as their power option.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
