China tariff is 145%, White House clarifies
Digest more
Top News
Overview
Reactions and opinions
Forbes |
While the stock market rallied Wednesday after Trump paused broader tariffs on foreign imports, registering historic gains, stocks have fallen Thursday amid the continued uncertainty over Trump’s tra...
Reuters |
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
ABC |
President Donald Trump defended the tariffs he imposed on trading partners but acknowledged some problems in a meeting with his Cabinet on Thursday.
Read more on News Digest
China, the tariffs
Digest more
Top News
Overview
Impacts
The New York Times |
The steep China tariffs could ripple through the U.S. economy: Many of the consumer electronics and much of the discounted clothing that Americans buy are shipped from China, and higher tariffs could...
Reuters |
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...
The Financial Times |
Beijing also on Wednesday added an additional 12 US companies to its export control list and six American groups to its “unreliable entity” list, potentially limiting their ability to continue sourci...
Read more on News Digest
Canada will begin imposing 25% tariffs on select U.S. car imports Wednesday, as the rest of the world grapples with President Trump's ongoing assault on the global economic order.
1hon MSN
Trump has used the IEEPA as the legal justification for his tariffs, as the president first levied tariffs on China, Canada and Mexico before issuing—and then paring back —more sweeping tariffs on most foreign goods.
President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.
Explore more
Of all Trump's miscalculations this week, his biggest miscalculation of all may be assuming that China would not hit back, using the economic power that the Chinese Communist Party has been amassing for decades,
Cruz, a Texas Republican, is another senator who has been opposed to tariffs, saying in a 2018 Senate debate he is "against tariffs," and had made the case opposing them to Trump.
In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.
President Donald Trump's pause on some of his new import taxes may have eased some of the stress building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.
What in your household could start to get more expensive? The 10% tariffs on imports from all countries started over the weekend, sending the stock market plummeting. Tariffs are essentially taxes paid on foreign goods when they enter U.
Since April 9, tariffs have been enacted on $4 trillion in goods imported annually to the United States. China was first to respond with new tariffs, imposing an 84 percent duty on all U.S. goods and refusing refusing to back down in the face of President Donald Trump’s tariffs onslaught.