Economy

The tariff crisis Trump's tariff policy
The US begins to repay tariffs

On Monday, the Trump administration will begin repaying more than $166 billion, just over SEK 1,500 billion, in tariffs, writes the New York Times. This after the US Supreme Court ruled parts of Trump's tariffs to be illegal.

Only companies that have been directly affected by the tariffs can reclaim money, according to the newspaper. Private individuals who, for example, have had to pay higher costs for products are not counted.

According to the administration's own calculations, in March there were over 330,000 importers who had paid tariffs on more than 53 million goods, writes the NYT.

Apple's future
Cook: Ternus is "without a doubt" the right person to lead Apple

Apple's incoming CEO John Ternus is described by his predecessor Tim Cook as a "visionary" and "without a doubt the right person" to lead the company going forward.

– John Ternus has the brain of an engineer, the soul of an innovator and the heart to lead with integrity and honor, Cook said in a press release.

Ternus has worked at Apple for 25 years and is currently a top executive in the group's hardware development.

– I am filled with optimism about what we can accomplish in the coming years, says the future CEO.

Trump's USA The President's Team
Labor Secretary Resigns from Trump's Administration

Trump's Labor Secretary Lori Chavez-DeRemer is resigning from her post, CNBC reports.

Chavez-DeRemer will "take a position in the private sector," writes White House Communications Director Steven Cheung in a post on X.

"She has done a phenomenal job," Cheung wrote in the post.

Deputy Labor Secretary Keith Sonderling will take over the job until further notice, according to Cheung.

Earlier in April, sources told Politico that Chavez-DeRemer was hanging on the loose, having been accused of misconduct after she had an affair with a co-worker and drank alcohol in her office.

Middle East Crisis  Strait of Hormuz
Professor: Hormuzoron can accelerate the transition

The stoppage in the Strait of Hormuz in the wake of the Iran war has had several immediate economic consequences, such as higher energy prices. The uncertainty is likely to persist and the effects will be long-lasting, says shipping expert Johan Woxenius at the University of Gothenburg, according to Dagens Industri.

This could in turn accelerate the phasing out of fossil fuels, he reasons.

– I think this will be a boost for alternatives to fossil fuels, Woxenius tells the newspaper and continues:

– The climate reasons are still there, but now we can add security of supply and geopolitical factors.