Tariffs Take Effect: Apple Boosts U.S. Manufacturing, Toyota Profit Drops 37% | EWTN News Nightly

About this sermon

Donald Trump’s sweeping worldwide tariffs are now fully in place as part of his strategy to reduce the U.S. trade deficit and encourage foreign investment in America. President Trump told reporters that Apple is increasing its investment in U.S. manufacturing by an additional $100 billion over the next four years. Meanwhile, Toyota says its profit tanked 37 percent in the April–June quarter and has lowered its full-year earnings forecast — largely because of the tariffs. David Clement, North American Affairs Director at the Consumer Choice Center, joins to discuss the impact of the tariffs on Americans and whether the administration’s approach will ultimately benefit American consumers. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf