Summarize this content to 2000 words in 6 paragraphs in Arabic ADVERTISEMENT\u201cI\u2019m looking at something to help some of the car companies with it,\u201d Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they\u2019re going to make them here, but they need a little bit of time. So I\u2019m talking about things like that.\u201dMatt Blunt, president of American Automotive Policy Council, an association representing Ford, General Motors and Stellantis, said the group shared Trump’s goals of increased domestic production.\u201cThere is increasing awareness that broad tariffs on parts could undermine our shared goal of building a thriving and growing American auto industry, and that many of these supply chain transitions will take time,” Blunt said.Trump’s statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.When Trump announced the 25% auto tariffs on March 27, he described them as \u201cpermanent.\u201d His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies.Last week, after a bond market sell-off pushed up interest rates on US debt, Trump announced that for 90 days his broader tariffs against dozens of countries would instead be set at a baseline 10% to give time for negotiations.At the same time, Trump increased the import taxes on China to 145%, only to temporarily exempt electronics from some of those tariffs by having those goods charged at a 20% rate.\u201cI don\u2019t change my mind, but I\u2019m flexible,\u201d Trump said on Monday.Market uncertaintyTrump’s flexibility has also fuelled a sense of uncertainty and confusion about his intentions and end goals. The S&P 500 stock index was up 0.8% Monday, but it’s still down nearly 8% this year. Interest rates on 10-year US Treasury notes were elevated at roughly 4.4%.Carl Tannenbaum, chief economist for the Northern Trust global financial firm, said the whiplash had been so great that he might have to \u201cget fitted for a neck brace.\u201dTannenbaum warned in an analysis: \u201cDamage to consumer, business, and market confidence may already be irreversible.\u201dMaro\u0161 \u0160ef\u010dovi\u010d, the European commissioner for trade and economic security, posted on X on Monday that on behalf of the European Union he engaged in trade negotiations with Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer.”The EU remains constructive and ready for a fair deal \u2014 including reciprocity through our 0-for-0 tariff offer on industrial goods and the work on non-tariff barriers,” \u0160ef\u010dovi\u010d said.The US president also said that he spoke with Apple CEO Tim Cook and \u201chelped\u201d him recently. Many Apple products, including its popular iPhone, are assembled in China.Apple didn\u2019t respond to a Monday request for comment about the latest swings in the Trump administration\u2019s tariff pendulum.ADVERTISEMENTEven if the exemptions granted on electronics last week turn out to be short-lived, the temporary reprieve gives Apple some breathing room to figure out ways to minimise the trade war\u2019s impact on its iPhone sales in the US.That prospect helped lift Apple\u2019s stock price 2% on Monday. Still, the stock gave up some of its earlier 7% increase as investors processed the possibility that the iPhone could still be jolted by more tariffs on Chinese-made products in the weeks ahead.Wedbush Securities analyst Dan Ives said Apple is clearly in a far better position than it was a week ago, but he warned there’s still \u201cmass uncertainty, chaos, and confusion about the next steps ahead.\u201dOne possible workaround Apple may be examining during the current tariff reprieve is how to shift even more of its iPhone production from its longtime hubs in China to India, where it began expanding its manufacturing while Trump waged a trade war during his first term as president.ADVERTISEMENTThe Trump administration has suggested that its tariffs had isolated China as the US engaged in talks with other countries.But China is also seeking to build tighter relationships in Asia with nations stung by Trump’s tariffs. China\u2019s leader, Xi Jinping, on Monday met in Hanoi with Vietnam’s Communist Party General Secretary To Lam with the message that no one wins in trade wars.Asked about the meeting, Trump suggested the two nations were conspiring to do economic harm to the US by \u201ctrying to figure out how do we screw the United States of America.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic ADVERTISEMENT\u201cI\u2019m looking at something to help some of the car companies with it,\u201d Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of<\/p>\n","protected":false},"author":1,"featured_media":276555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":{"0":"post-276554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/276554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=276554"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/276554\/revisions"}],"predecessor-version":[{"id":276556,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/276554\/revisions\/276556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/276555"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=276554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=276554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=276554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}