Samsung Electronics is facing challenges as the world’s top-selling smartphone maker, with falling shipments and market share loss to Apple and Chinese rivals offering foldable devices. The company’s smartphone division’s operating profit dropped by as much as 30% in the third quarter, amid struggles in its semiconductor division. Samsung is trying to regain market share with new models like the Galaxy Z Fold 6 and upcoming Galaxy S25 flagship with AI features, but faces tough competition from Huawei and Apple in the fast-growing foldables market.
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Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump's sweeping tariffs on foreign steel and aluminum have gone into effect, impacting imports from all countries with a 25 percent levy. The move, supported by domestic steel and aluminum makers, is expected to raise costs for American manufacturers, potentially slowing the U.S. economy. The tariffs have escalated trade disputes with allies and led to threats of retaliation, creating uncertainty in global trade relations. Full Article
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