Howard Lutnick
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Report suggests the US gov may have 'urged' Apple into Intel chipmaking deal to avoid tariffs, at almost the same time it took a $9 billion stake in blue team stock
A report suggests the US government, under Donald Trump, urged Apple to use Intel's manufacturing plants for its chips to avoid tariffs. This occurred around the same time the government took a significant stake in Intel. Apple reportedly committed to investing $100 billion in US manufacturing and secured an exemption from semiconductor tariffs.
Nintendo sues Trump administration
Nintendo of America is suing the Trump administration and several US government agencies in the US Court of International Trade, seeking refunds for tariffs that the Supreme Court later deemed unconstitutional. The company claims these tariffs, amounting to over $200 billion collectively, negatively impacted its business, including causing delays in Nintendo Switch 2 pre-orders and increasing accessory costs.
Nintendo Is Suing The US Government Over Illegal Tariffs
Nintendo has filed a lawsuit against the US government seeking a refund for illegal tariffs previously levied under the IEEPA. The company joins other businesses like Costco and Staples in this legal action following a Supreme Court ruling. US Customs and Border Protection has indicated that its systems may take up to 45 days to process such refunds.
