White House, Donald Trump
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The New York Times |
The White House on Thursday clarified that China faced a minimum tariff rate of 145 percent on all imports to the United States.
Reuters |
The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.
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President Donald Trump’s tariffs are drawing swift retaliation from China, Canada and the European Union, deepening the global trade crisis.
The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trumplowered some of the duties in a stunning reversal.
President Donald Trump’s abrupt decision to reverse course on his sweeping tariff plan by announcing a three-month pause revealed his threshold for political pain: One week.
The president put a 90-day pause on higher import duties for dozens of countries, but hiked levies on China to 125%.
Elon Musk lashed out against top White House trade adviser Peter Navarro on Tuesday, calling him "Peter Retarrdo" and "dumber than a sack of bricks," escalating a feud between two of President Trump's allies over the administration's sweeping tariffs.
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The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.
The White House is arguing that revenue from President Trump’s tariffs on U.S. importers is going to help pay for domestic tax cuts. “This time around, tariffs will help pay for both tax cuts and deficit reduction,
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.