Target’s red flag, Walmart vs. Trump, and Elon Musk vs. Bill Gates: Business news roundup



Photo: Chip Somodevilla (Getty Images)

President Donald Trump is again escalating pressure on U.S. trade partners – as well as the tech companies caught in the middle.

In back-to-back social media posts on Thursday morning, the president threatened new tariffs on iPhones made in India and a sweeping 50% levy on goods from the European Union, reigniting tensions around global supply chains, assuming they ever had time to subside.

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