Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trump's tariffs against penguins, monkeys, dolls and iPhones


May, 09 2025
watermark Economic news

Unexpectedly the Australian islands of Heard and McDonald, where penguins live but there are no people, were hit by Trump's 10% tariffs. The reason was their own domain zone -.hm, which is why they were mistakenly classified as a separate country. However, the penguins themselves are hardly concerned about this situation.


Tariffs will have a much more serious impact on American scientists. Starting September 1, new duties on Chinese imports, including 80% of laboratory monkeys used in the United States, could cripple research related to the treatment of AIDS, Ebola and Parkinson's. In 2017, 75,825 primates, mostly from China and India, were used for research. Animal rights activists, on the contrary, welcome the restrictions.


At the same time, Mattel is forced to offset $270 million in tariff costs, which will lead to higher prices for Barbie dolls. The US president said that 3-4 types of dolls are enough for American children to reduce their dependence on China.


The tariffs also affected Apple: iPhone models manufactured in China may rise in price by 43%. This threatens the company's position and creates a chance for Samsung, whose products are less susceptible to duties. Trump's policies are increasingly being criticized as harming rather than protecting the U.S. economy.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.