President Trump granted a tariff reprieve for Apple and tech hardware, according to CNBC. Tariffs on other Chinese imports threaten irreversible harm to the broader U.S. economy and small businesses. Freight cancellations and abandoned shipments from China are surging as U.S. businesses halt container exports in response to steep tariffs. U.S. importers have halted orders from Chinese producers across multiple industries, with logistics firms reporting widespread booking cancellations and a near-total freeze on China-related trade.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump granted a tariff approved for Apple and tech hardware, according to CNBC.
00:07Tariffs on other Chinese imports threaten irreversible harm to the broader U.S. economy and small businesses.
00:13Freight cancellations and abandoned shipments from China are surging as U.S. businesses halt container exports in response to steep tariffs.
00:21U.S. importers have halted orders from Chinese producers across multiple industries.
00:26The logistics firms are reporting widespread booking cancellations and a near total freeze on China-related trade.
00:32For all things money, visit Benzinga.com slash GSTV.