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Math Behind Trump’s 125% Tariffs on China

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Donald Trump's tariff onslaught appears to have finally driven a wedge between him and Elon Musk.
From Insider
In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending glo...
From Reuters
Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic meltdown.
From The Boston Globe

Read more on News Digest

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US President Donald Trump and his billionaire advisor Elon Musk don't seem to be on the same page about America's sweeping tariffs that sent shockwaves across the globe, sparking fears of recession and a global trade war.
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In February and March, Trump slapped two rounds of 10 per cent tariffs on Chinese goods, citing allegations of Beijing's role in the fentanyl crisis. Following this, the US President imposed 34 per cent tariffs on all Chinese goods as he announced reciprocal tariffs on April 2.
In stunning U-turn, Trump walks back some tariffs, triggering historic market rally
In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.
Trump pauses steeper tariffs for most countries, while hiking levies on China. Here’s what we know.
A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.
Trump's top tariffs for 'worst offenders' take effect
US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies. Tariffs ranging from 11% to 104% now apply to imports from around 60 US trade partners,
The week that Trump pushed the global economy to the brink with tariffs — and then pulled back
It was unclear what President Trump had accomplished. No new trade deals have been reached, although administration officials said negotiations are underway.
Is the US making $2bn a day from tariffs? Trump claims fact-checked
President Trump has made a series of claims about how the US faces "unfair trade" as he justifies his sweeping tariffs on imports from other countries.
Trump says US will soon announce tariffs on pharmaceutical imports
President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.
ABC News1d
Elon Musk
Elon Musk will be briefed on operations in the event of a war with the Chinese and shown details of potential threats and Chinese targets, according to the New York Times. Republican Sen.
A Chinese brain chip company could soon surpass Elon Musk's Neuralink
A Chinese brain chip company could surpass Elon Musks’ Neuralink in number of patients implanted with its experimental tech later this year.
Gizmodo9d
Chinese Brain Implant Project Set to Overtake Musk’s Neuralink
According to Reuters, a Chinese tech company has implanted similar chips in three patients with a plan to install ten more the end of 2025; Elon Musk’s Neuralink has to-date installed chips in three patients. Projects to create brain-computer interfaces ...
Elon Musk gets more bad China news
Elon Musk isn’t having a good month so far, despite the fact that he didn’t have a good March either. Since April began, Tesla (TSLA) stock has been sharply trending downward, falling more than 18%. While the tech sector appeared to be rebounding for a few hours on April 8 following the recent selloff,
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Musk made direct appeals to Trump to reverse sweeping new tariffs
Over the weekend, as Elon Musk launched into a barrage of social media posts criticizing one of the lead White House advisers for President Donald Trump’s aggressive tariff plan, Musk was going over that same official’s head — and making personal appeals to Trump.
Elon Musk’s Tesla surrenders EV sales crown to BYD after worst quarter in nearly three years
Tesla's EV deliveries fell 13% to 336,700 vehicles over Q1 of last year, far fewer than arch-rival BYD, as CEO Elon Musk's crisis deepens.
Elon Musk tries to rehab DOGE after backlash, mistakes
Elon Musk is pushing to improve the image of his Department of Government Efficiency (DOGE), suggesting the Tesla CEO is aware of the boogeyman persona he has created for himself and his
Musk’s growing public feud with Trump trade adviser over tariffs dismissed by White House: ‘Boys will be boys’
The world’s wealthiest man has been engaging in an online spat with Peter Navarro over the president’s tariff policies
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