The tariff crisis Trump's tariff policy

Tariffs: The US imported more from Taiwan than from China

The US imported more from Taiwan than from China in December for the first time in decades, Bloomberg reports.

Imports from China plunged 44 percent to $21.1 billion, while shipments from Taiwan more than doubled to $24.7 billion.

The shift is driven by President Donald Trump's tariffs on China and a global AI boom that has increased demand for Taiwanese chips and servers, the news agency writes. At the same time, Taipei and Washington have signed a new trade agreement that lowers tariffs.

Wall Street rose on Trump's setback - Apple turned around

Wall Street began Friday's trading in the red. After the announcement that the Supreme Court would invalidate Donald Trump's tariffs, the stock market turned positive. At closing, the development was:

• S&P500: +0.7%
• Nasdaq: +0.9%
• Dow Jones: +0.5%

Among individual stocks that were strengthened by the Supreme Court ruling is Apple. The tech giant's manufacturing is mostly located in China and last year's tariff crisis caused major disruptions for the company. The stock rose almost 2 percent.

A number of macro figures have been released ahead of the opening. Core inflation rose unexpectedly in December, according to PCE, and GDP growth came in lower than expected in the fourth quarter.

Barely an hour before the figure was published, Donald Trump flagged, via the Truth Social platform, that GDP would be burdened by the shutdown that lasted 43 days last year.

A number of other interim figures have otherwise fallen through. Dropbox exceeded analysts' expectations regarding sales and earnings per share in the fourth quarter. The share rose almost 3 percent.

Applovin rose just over 1 percent after information from Bloomberg that the mobile advertising technology company has plans for its own social media platform.

For Swedish Klarna, the downward trend continued after Thursday's plunge, which came in the wake of weaker-than-expected financial results. On Friday, the share fell another 6 percent.
 

Tariff crisis Voices about tariffs
Economist: "The problem is that we don't know what the next step is"

Donald Trump says he has a plan B, in his first comment on Friday's Supreme Court decision that his tariffs are illegal. He probably does, SEB economist Robert Bergqvist tells TT.

- The problem is that we don't know what Donald Trump's next step is.

Bergqvist also feels reassured by the Supreme Court's decision and describes it as an important step down.

– It's about Trump trying to expand presidential power in various ways. Not least in the area of ​​trade policy. This is a clear setback for him.