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China on Thursday denied any suggestion that it was in active negotiations with the administration of U.S. President Donald Trump over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.” China’s comments come after Trump said Tuesday that things were going “fine with China” and that the final tariff rate on Chinese exports would come down “substantially” from the current 145%.

Beijing instructed South Korea to halt rare material products such as transformers, EVs, aerospace and medical equipment.. Beijing has asked South Korean companies to cease exporting products containing Chinese-originated heavy rare earth metals to U.S. defense firms, warning that Seoul could face sanctions. China’s Ministry of Commerce sent official notices to at least two South Korean companies recently, the Korea Economic Daily reported on Tuesday, citing sources in the South Korean transformer industry. The outlet said the letters did not specify what type of penalties South Korean companies could face if the industry continues to export equipment to the U.S....

US Treasury Secretary Scott Bessent made significant comments about the ongoing tariff tensions with China at a closed-door investor summit on Tuesday in Washington. According to Bloomberg, Bessent told attendees that the standoff with China -- which he said was essentially an embargo -- is unsustainable and that he expects it to de-escalate. He said that while formal negotiations haven't commenced, a deal remains possible. Risk assets have rallied on this.

This could really take a bite out of the Big Apple. The secondhand apparel industry may be dodging duties on imported goods – but the impact of President Trump’s tariffs on thrift shops may still bring a wrecking ball to businesses across the city, resellers told The Post. “There’s a lot of rhetoric that everybody’s going to turn to second-hand [clothing] when wallets tighten,” said Alexis Krase, owner of plus-size secondhand store Plus BKLYN in Greenpoint. “But overall, I think that ultimately means people are also being more critical of spending dollars in general: Overall sales will be down.” Krase,...

Trump's tariff announcement introduced uncertainty to the markets. Leading to the worst April performance in a long long time for stocks. The media believe this is a threat to Trump's support, but is it?

KEY TAKEAWAYS -The U.S. dollar has declined more than 4% since the start of the year, its biggest drop over this period since 2008. -Increasing recession risks have put interest rate cuts back on the table this year; interest rates are one of the primary drivers of the U.S. dollar's value. -A weaker dollar threatens to increase the cost of tariffs for consumers and businesses; it could also stimulate the economy by making U.S. goods and services less expensive for the rest of the world. -The U.S. dollar is having its worst start to a year since 2008 amid growing...

President Donald Trump on Monday met with chief executives from three of the nation’s top retailers, who came to the White House to discuss how his sweeping tariff plans could impact their import-heavy business models. Walmart CEO Doug McMillon and Target chief executive Brian Cornell both attended, as did Home Depot CEO Ted Decker. A White House official told CNBC earlier Monday that a representative from Lowe’s would also be at the meeting. After the meeting concluded, an official told NBC News that no one from Lowe’s attended. After the meeting wrapped, the three companies issued nearly identical statements. “We...

The Dow plunged more than 1,100 points as President Trump intensified his attacks on the Federal Reserve’s independence — calling chairman Jerome Powell “a major loser” for not lowering interest rates. The Dow Jones Industrial Average was recently off 1,084.93 points, or 2.8%, at 38,057.30 in midday trades after plunging losing 1,406 points during the previous holiday-shortened week. US markets were closed on Friday in observance of Good Friday. The S&P 500 on Monday fell 2.9% and the Nasdaq slipped 3.1%. In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest...

Sen. John Kennedy (R-La.) said on Sunday he does not think the law would allow President Trump to send United States citizens convicted of violent crimes to Salvadoran prisons, despite the president’s suggestion that he might be open to that possibility. “No, ma’am. Nor should it be considered appropriate or moral,” Kennedy told NBC News’s Kristen Welker when asked on “Meet the Press” whether he thinks such a move would be legal. “We have our own laws,” he continued. “We have the Eighth Amendment to the Constitution. We shouldn’t send prisoners to foreign countries in my judgment.” Trump, in a...

Key Events: US Dollar Index (DXY) drops to 98 amid reports Trump plans to restructure the Fed EURUSD surges above 1.15, Gold nears 3,400, and GBPUSD approaches 1.34 China threatens with retaliatory tariffs to nations aligning with US trade policy IMF Spring Meetings kick off amid heightened trade negotiations and global economic uncertainty Markets stumbled in early Monday trading following news that Trump may attempt to overhaul the Federal Reserve. Although it is illegal for a sitting president to fire the Fed Chair, the attacks have raised concerns about the independence and stability of US monetary policy, driving the Dollar...

President Trump’s tariff war isn’t going well, with market ructions and evidence of a slowing economy. So it was probably inevitable that Mr. Trump would demand that the Federal Reserve ride to his rescue by cutting interest rates. The President took to social media Thursday morning to blast Fed Chairman Jerome Powell with his familiar nuance. “Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,” Mr. Trump wrote. “Too...

A U.S.-born American citizen was being detained at the request of immigration authorities Thursday despite an advocate showing his U.S. birth certificate in court and a county judge finding no reason for him to be considered an “illegal alien” who illegally entered Florida. Juan Carlos Lopez-Gomez, 20, was arrested Thursday evening by Florida Highway Patrol and charged under a state immigration law that has been temporarily blocked since early this month. Details of Gomez-Lopez’s arrest and detention were first reported by the Florida Phoenix news site. After inspecting his birth certificate, Leon County Judge LaShawn Riggans said during the hearing...

In the tariff war between China and the United States, a lot of chatter in the Pravda Media is about Xi Jinping's defiance, his outreach to European countries and other less important but collectively significant developing countries, and his retaliatory moves against America. They make it sound like China has a lot of cards to play in the trade war with America. China has put civilian government officials on a "wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs. https://t.co/rZWU2zsARQ— The Japan Times (@japantimes) April 14, 2025Collectively,...

The Fourth Circuit Court of Appeals denied the Trump DOJ’s effort to block Judge Xinis’ order requiring the US government to “facilitate” the return of alleged MS-13 gang member Kilmar Abrego Garcia. A three-judge panel: Harvie Wilkinson (Reagan), Robert King (Clinton), and Stephanie Thacker (Obama) issued the order. Judge Wilkinson, the Reagan appointee, repeatedly referred to Abrego Garcia as a “resident” even though he’s an illegal alien. Kilmar Abrego Garcia is an El Salvadorian national who was illegally residing in Maryland. In 2019, an immigration judge ordered Abrego Garcia, an alleged member of the dangerous MS-13 gang, removed from the...

A federal appeals court rejected the Trump administration’s request that it halt the next steps Judge Paula Xinis is seeking to take in the case concerning a migrant who was wrongly deported to El Salvador, with a strident warning about the rule of law and the possibility the dispute presented an “incipient crisis.” The 4th US Circuit Court of Appeals said in its seven-page ruling Thursday that the Trump administration’s assertions in the case “should be shocking not only to judges, but to the intuitive sense of liberty that Americans far removed from courthouses still hold dear.” The unanimous ruling...

Temu has officially turned off ALL Google Shopping campaigns. They went from being a top 5 iOS app to now being ranked 64. What a brutal blow. This is obviously a big thanks to tariffs and the end of the Section 321 loophole. Temu is no more.

The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision. The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical. But Republican lawmakers and commercial tax preparation companies complained it was a waste of taxpayer money because free filing programs already exist, although they are hard to use. The program had been in limbo since the start of the Trump administration as Elon Musk and the Department of Government...

WSJ policy on excerpting. But these are quotations made by Trump President Trump is actively considering at least 15 trade proposals with countries, according to White House press secretary Karoline Leavitt. Last week, the Trump administration announced a 90-day pause on so-called reciprocal tariffs to allow time to negotiate deals with nations. “He has made clear, he wants to personally sign off on all of these deals,” Leavitt said. “There’s a lot of work to do, we do believe we can announce some deals very soon.” She did not say which nations were close to reaching a deal with the...

A federal judge Wednesday found probable cause to hold the Trump administration in criminal contempt for willfully disobeying his order to immediately halt deportations under the rarely used Alien Enemies Act and turn around any airborne planes. U.S. District Judge James Boasberg’s order gives the administration a final opportunity to come into compliance but says he otherwise will take steps to identify the specific people who flouted his March 15 ruling, which was later lifted by the Supreme Court, and refer them for prosecution.

Julie Kelly 🇺🇸 @julie_kelly2 Breaking: As I have warned, Jeb Boasberg just filed an opinion finding Trump adm officials in contempt. 11:06 AM · Apr 16, 2025