China, Trump
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NBC News |
Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate after his sweeping duties went into effect.
U.S. News & World Report |
Trump has launched tariff wars with nearly all of America's trading partners.
U.S. News & World Report |
China threatened to “resolutely take countermeasures to safeguard its own rights and interests,” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports.
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Trump, tariff
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Star Tribune |
President Donald Trump has launched tariff wars with nearly all of the United States' trading partners.
Yahoo |
The global economy appeared to be in open rebellion against President Donald Trump's tariffs as they took effect Wednesday.
Yahoo |
Global markets surged on the development, but the precise details of Trump’s plans to ease tariffs on non-China trade partners were not immediately clear.
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The Dow Jones Industrial Average closed down 320 points, or 0.8%, while the Nasdaq dropped 2.1%. The S&P 500 fell 1.5%, putting the index on the brink of a bear market, a term tha
Trump said he decided to pause tariffs because people "were getting yippy" and "a little bit afraid" amid days of market turmoil.
Trump says countries who were facing higher tariffs will now fall to the "baseline" tariff of 10% for at least 90 days.
At the same time, Trump announced that Chinese goods would now be subject to a 125% tariff, a further escalation in his trade war with China.
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2hon MSN
The sweeping tariffs President Trump announced last week were a "negotiating strategy," Treasury Secretary Scott Bessent suggested Wednesday as the president announced a 90-day pause on most of those tariffs.
Pence has had an icy relationship with Trump since serving as his vice president during his first White House term.
Goldman dialed back its recession call on Wednesday just an hour after raising the odds in an earlier note, as the trade war saga sparked whiplash on Wall Street.
U.S. stock index futures struggled on Wednesday after a heavy sell-off in the previous session, as President Donald Trump's reciprocal tariff took effect, deepening worries about their damage to the global economy.
If Israeli Prime Minister Benjamin Netanyahu was looking for the easy political victories that once gushed from US President Donald Trump, he left the Oval Office empty-handed. The meeting was supposed to be about the two leaders negotiating the new 17% tariff the White House imposed on Israeli exports last week.
The president put a 90-day pause on higher import duties for dozens of countries, but hiked levies on China to 125%.