Tag Archives: tariffs

The Telegraph reports: China has barred its country’s airlines from accepting deliveries from Boeing in retaliation against Donald Trump’s tariffs. Boeing has been caught in the middle of the clash, losing access to one of the world’s biggest aviation markets in the process. The ban will apply to all existing orders from the US manufacturing giant, while Beijing has also …

Via press release from the Commerce Department: Today, the U.S. Department of Commerce announced its intent to withdraw from the 2019 Agreement Suspending the Antidumping Investigation on Fresh Tomatoes from Mexico, with termination effective in 90 days. The current agreement has failed to protect U.S. tomato growers from unfairly priced Mexican imports, as Commerce has been flooded with comments from …

NBC News reports: A group of five small businesses on Monday sued President Donald Trump, seeking to block new tariffs that he has imposed on foreign imports in recent weeks. The lawsuit in the U.S. Court of International Trade alleges that Trump has illegally usurped Congress’ power to levy tariffs. “Congress has not delegated any such power,” the suit says. …

The Associated Press reports: Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. He said automakers needed time to …

EuroNews reports: Non-profit Penguins International is making the most of unexpected attention from Trump’s tariffs to organise a protest march – and to raise awareness on the penguin species becoming extinct. Flippers up! Despite a 90-day pause on “reciprocal” tariffs, economic turmoil persists following Donald Trump’s antics, and the penguins aren’t happy about it. In case you missed it, Trump somehow …

The Daily Beast reports: A Wall Street Journal columnist placed his bets on a future Trump impeachment after the president’s chaotic tariff rollout sent markets spiraling last week. Holman W. Jenkins Jr., a columnist and editorial board member at The Journal, wrote in a blistering opinion piece Friday that President Donald Trump appears to be asking for impeachment with his …

Posted this afternoon to Truth Social: NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are …

ABC News reports: Commerce Secretary Howard Lutnick said Sunday that the administration’s decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to “semiconductor tariffs” that will likely come in “a month or two.” “All those products are going …

Forbes reports: Chinese social media users—and even some Chinese government officials—are using AI-generated memes to troll President Donald Trump, as his steep tariff hike against Chinese imports prompted retaliatory levies and stoked fears of an all-out trade war. Mao Ning, spokesperson for China’s ministry of foreign affairs, posted a meme on X Thursday morning depicting the cost of Trump’s “Make …

CBS News reports: Some enterprises, from small businesses to nationally recognized brands, have already announced higher prices, citing President Trump’s tariffs. While others, from footwear companies to furniture brands, are warning consumers to brace for increased costs to come. Although the tariffs and retaliatory moves by other countries have yet to hit economic growth, U.S. businesses aren’t waiting around. Some …

The Wall Street Journal editorial board writes: It’s all going according to plan, says the White House, and you almost have to smile at this spin in trying to sell President Trump’s partial tariff reversal this week as a triumph. The reality is that Mr. Trump is making it up as he goes, and it would help if he had …

CNN reports: Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday. April’s reading was lower than anything seen during the Great Recession. President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods …

“Mexico OWES Texas 1.3 million acre-feet of water under the 1944 Water Treaty, but Mexico is unfortunately violating their Treaty obligation. This is very unfair, and it is hurting South Texas Farmers very badly. “Last year, the only Sugar Mill in Texas CLOSED, because Mexico has been stealing the water from Texas Farmers. Ted Cruz has been leading the fight …

The New York Times reports: China on Friday said it was raising its tariffs on American goods to 125 percent, from 84 percent, retaliating for the third time in the escalating trade war between the two superpowers. The announcement by the State Council, China’s cabinet, came after Trump administration officials clarified on Thursday that Chinese goods imported to the United …

CNBC reports: Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after Trump announced a 90-day reprieve on some of his “reciprocal” tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump’s singling out of China with a much higher …

CNBC reports:  Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with,” Jassy said …

The Wall Street Journal editorial board writes: President Trump says trade wars are easy to win. Investors think otherwise, and on Wednesday Mr. Trump decided maybe investors are right. Markets celebrated with a stock-market rally on hope that perhaps Mr. Trump isn’t entirely oblivious to the damage he’s causing. The rout in dollar assets reversed, at least somewhat, and the …

NBC News reports: President Donald Trump and Treasury Secretary Scott Bessent have been boasting that 75 countries contacted the Trump administration hoping to cut a trade deal—but the White House is keeping its lips zipped on which countries have reached out. “It has brought more than 75 countries forward to negotiate–it took great courage, great courage for him (Trump) to …

The New York Times reports: Behind the scenes, senior members of Mr. Trump’s team had feared a financial panic that could spiral out of control and potentially devastate the economy. Treasury Secretary Scott Bessent and others on the president’s team, including Vice President JD Vance, had been pushing for a more structured approach to the trade conflict that would focus …

Axios reports: The Trump administration’s massive tariffs on China have Apple flying planes full of iPhones to the U.S. and consumers rushing to buy them before the prices potentially skyrocket. U.S. consumers are rushing to stores to buy iPhones in anticipation that the new tariffs will prompt Apple to raise prices. Some customers told the WSJ that they aren’t waiting …