Good morning! It’s Daniel de Visé with your Daily Money.
United States government bonds are a unique type of financial asset: so risk-free and sought-after that they have long constituted the linchpin of many parts of the world’s financial system. The creditworthiness of Washington and the strength of the most powerful economy in the world make American bonds and notes so attractive to foreigners that they own nearly one-third of all outstanding Treasurys.
So, a recent sell-off in that section of the market has investors on edge.
Has Trump bungled the economy?
President Donald Trump’s approval ratings on the economy and inflation have fallen after weeks of tariff policy twists and turmoil in the stock market, according to a new poll.
A CBS News survey of 2,410 Americans, released April 13, found 44% approved of Trump’s handling of the economy and 40% approved of his handling of inflation, both down from the last poll. The president’s overall approval rating dropped to 47% this month, down from 50% in March and 53% in February.
Views on Trump’s tariff plans varied depending on respondents’ political affiliations.
A tariff reprieve on iPhones
Planning to buy a new iPhone or other smartphone? You may have just caught a break on tariffs.
President Trump issued some new exemptions in tariffs targeted at imports from China. The exemptions include smartphones, computers, processing chips and other electronics. And, as with much recent tariff policy, there is some confusion about whether and when the exemptions will take effect.
The price of an iPhone had been projected go as high as $2,300 under Trump’s old plan to impose 54% tariffs on China – and since then, Trump had boosted import assessments to 145% against the U.S.’s third-largest trading partner.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
