tariffs

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US-China Friction Grows, and Markets Tank Again
US-China Friction
Only Gets Worse
THE RUNDOWN
Apr 10, 2025 11:05 AM CDT

US-China Friction Only Gets Worse

Stock market craters again after Wednesday's rise

(Newser) - When President Trump paused additional tariffs on much of the world Wednesday, he excluded China from the break. Those hoping the US and China might follow up with a separate deal on Thursday have been disappointed. In fact, things have only gotten worse on that front:
  • The White House clarified
...

The EU Makes a Tariffs Move of Its Own

It also pauses, but 'if negotiations are not satisfactory, our countermeasures will kick in'

(Newser) - The European Union's executive commission said Thursday it will put retaliatory tariffs on hold for 90 days to match President Trump's pause and leave room for a negotiated solution, per the AP . European Commission President Ursula von der Leyen said that the commission, which handles trade for the...

A Key Moment in Tariff Reversal: Sean Hannity&#39;s Show
A Key Moment in Tariff
Reversal: Sean Hannity's Show
the rundown
Apr 10, 2025 6:29 AM CDT

A Key Moment in Tariff Reversal: Sean Hannity's Show

Trump watched GOP senators voice concerns, then spoke with them afterward

(Newser) - Asian and European markets surged on Thursday, as the US market did the previous day on news of President Trump's partial reversal on tariffs . However, the major American indexes were poised to open Thursday with losses of 1% to 2% as investors continue to process the dizzying chain of...

Schiff: Trump Should Be Investigated for Insider Trading

Tariff pause seems suspicious to some Democrats

(Newser) - Some Democrats are calling foul on President Trump's abrupt tariff pause, which caused stock prices to soar —days after the announcement of the tariffs led to the worst market plunge in years . Sen. Adam Schiff of California called on Congress to investigate whether the president engaged in market...

Trump Has Surprisingly Nice Words for Whitmer

As Michigan governor softens her stance on him

(Newser) - In quite a departure from their past interactions, President Trump praised Michigan Gov. Gretchen Whitmer during an Oval Office appearance Wednesday. Whitmer, a Democrat who has previously traded barbs with Trump, was at the White House for a meeting with the president to discuss tariffs following a speech she...

Trade War Could Already Be Affecting Christmas

Chinese producers of decorations say they're not getting the usual orders from US clients

(Newser) - April generally isn't peak season for Grinchy activity, but President Trump's tariffs may have already ruined Christmas for some Chinese exporters and their American customers. Producers of Christmas decorations in China say US buyers are normally finalizing their orders at this time of year, but with the trade...

Trump: I Paused Tariffs Because People Were 'Yippy'

Bessent says president will negotiate 'bespoke' trade deals with other countries

(Newser) - President Trump said Wednesday that he paused most of his "reciprocal" tariffs on other countries because people were getting "yippy" and "afraid." The president said he had been watching the bond market, where there has been a major sell-off, and he thought people were "getting...

Trump Announces Tariffs Pause, With a Big Exception

He says tariff on imports from China is going up to 125%, effective immediately

(Newser) - Stock indexes skyrocketed Wednesday within minutes of President Trump announcing a pause on tariffs just hours after they took effect—with one big exception. In a Truth Social post, Trump said he was raising the tariff "charged to China" to 125%, effective immediately. Earlier Wednesday, China had responded to...

Trump's Tariffs Prod Delta to Yank Its 2025 Guidance

The airline had originally expected best financial year ever

(Newser) - As trade tensions ripple through the economy, Delta Air Lines yanked its full-year guidance on Wednesday. CNBC sees it as a big "shift" for the country's most profitable airline, which had initially expected the "best financial year in our history." In March it trimmed its...

Trump's Advice to Americans on Tariffs: 'Be Cool'

Also, buy stocks and reshore your company

(Newser) - Consumer confidence is sinking , China and the EU have introduced retaliatory tariffs within the last few hours, and JPMorgan CEO Jamie Dimon says we're likely spiraling toward a recession . The president's response? "Be cool." President Trump took to Truth Social Wednesday morning to share the following:...

Dimon: Yeah, We're 'Likely' Spiraling Toward Recession

JPMorgan Chase chief had warned earlier this week that Trump's tariff war might be problematic

(Newser) - Earlier this week, Jamie Dimon sent up a red flag on the tit-for-tat trade war spurred by the Trump administration, which has sent markets into a tailspin , warning that the resulting tariffs will likely bring about "inflationary outcomes" and "slow down growth." He hedged at the time...

EU&#39;s Tariff Response Is Nigh
EU's Tariff Response Is Here
updated
Apr 9, 2025 8:53 AM CDT

EU's Tariff Response Is Here

Officials voted in favor of 3 waves of additional tariffs

(Newser) - "We are not in a business of going, let's say, cent for cent, or tit for tat, or dollar for dollar," EU trade commissioner Maros Sefcovic said of President Trump's tariffs. But the bloc has responded: As expected, the EU on Wednesday afternoon voted in favor...

China Raises Tariffs 84%, Vows 'Fight to the End'

Tariffs on US goods jump from 34% to 84%, effective Thursday

(Newser) - Hours after President Trump's 104% tariffs on Chinese goods went into effect, China did exactly what Trump urged it not to do: It retaliated. Beijing increased tariffs on US goods from 34% to 84%, effective Thursday. US stock index futures fell sharply with the announcement, per Reuters . Speaking before...

Markets Sink as New Tariffs Take Hold

White House tells China it 'has to call first'

(Newser) - America is waking up Wednesday to the prospect of another wild day in the stock market, as the trade war spurred by the Trump administration's tariffs ramped up another notch. Earlier this month the president nixed the "de minimis" loophole for packages under $800 from China, and on...

Trump Triples Tariff That Will Affect Shein, Temu

'De minimis' tariff exemption for low-cost packages from China is ending

(Newser) - Not only is President Trump closing the loophole that allowed cheap goods to pour into the US from Chinese retailers including Temu and Shein, he's now tripling the tariff on those goods. The "de minimis" exemption for packages worth under $800 is ending May 2, and Axios reports...

Democratic Congressman Bucks Party on Tariffs

Maine's Jared Golden supports the idea to help manufacturing

(Newser) - Congressman Jaren Golden occupies an unusual place on Capitol Hill: He is a Democrat who supports President Trump's tariffs. "My biggest worry is that they're going to do this and lose faith and political will and back away," he tells Axios , adding that he would vote...

White House: 104% China Tariff Will Take Effect at Midnight

But Trump 'believes that Xi and China want to make a deal,' Leavitt says

(Newser) - Unless one side or the other blinks in the hours ahead, new American tariffs on imports from China will kick in at a minute past midnight. The White House confirmed Tuesday that tariffs of 104% will be imposed at 12:01am Wednesday, CNBC reports. Trump threatened to impose an extra...

You Don't Want to Know How Much an iPhone May Soon Cost

If tariff talks don't work and Apple doesn't absorb the hit, an iPhone 16 Pro Max could be $2.3K

(Newser) - As the stock market rides another rough day on Monday, Americans are nervously waiting to see what the Trump administration's tariffs war will do to their shopping bills. It doesn't look good when it comes to picking up a new iPhone: Analysts on Thursday said that iPhone prices...

Upbeat on Tariff Deals, Stock Market Surges

Major indexes up more than 3%

(Newser) - After days of huge declines, the stock market opened on a decidedly different note on Tuesday:
  • The Dow rose more than 1,300 points, or 3.4%.
  • The S&P 500 rose more than 160 points, or 3.2%.
  • The tech-focused Nasdaq rose more than 550 points, or 3.5%
...

Navarro Ramps Up Tariffs Fight With Musk
Navarro
Ramps Up
Tariffs Fight
With Musk
the rundown
Apr 8, 2025 7:11 AM CDT

Navarro Ramps Up Tariffs Fight With Musk

Their feuding illustrates a growing split in Trump world

(Newser) - Two of President Trump's top advisers are having a nasty war of words about tariffs. The spat involves Elon Musk and Peter Navarro, the latter being Trump's top trade adviser and a lead architect of the tariffs. Musk has spoken out against them, and Navarro again suggested on...

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