Trump, China and White House
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The rapid changes in tariffs have caused significant confusion for importers, many of whom depend on Chinese products, including major retailers as well as small businesses.
From The New York Times
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while esc...
From U.S. News & World Report
China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."
From ABC
Read more on News Digest
White House press secretary Karoline Leavitt said President Donald Trump is "optimistic" the U.S. and China can strike a deal over tariffs.
China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified yesterday that U.S. duties on Beijing are actually 145% because of earlier fentanyl-related levies.
The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade.
Trump announced that he authorized a 90 day pause on the lofty tariffs and a “substantially lowered reciprocal tariff during this period, of 10%, also effective immediately” in a post on Truth Social Wednesday afternoon, ending days of speculation around whether or not the tariffs would actually go into effect or were negotiable.
Many U.S. trade partners have scrambled to offer concessions in exchange for lower U.S. tariffs, but ot China, which not only has not sought negotiations but has matched Trump tariff for tariff.
President Trump and Israeli PM Netanyahu set for White House meeting to discuss ending U.S. tariffs on Israel, the war in Gaza, the release of hostages and Iran's nuclear threat.
1don MSN
Democrats insist that Congress investigate President Donald Trump‘s administration over its actions just before announcing a 90-day reprieve on his so-called retaliatory tariffs this week. Trump on Wednesday announced that every country except China would receive a 90-day delay on the tariffs,
The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, but the most alarming parts of the plan were delayed on April 9.
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