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Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on...

Global crash, Trump tariffs bite; 25% of Earth seeks deals; China reels, EU buckles; UK flips; inflation, oil down; Main Street cheers; was a market reset the plan all along? And much more. Good morning, C&C, it’s Monday! The news continues to be dominated by Trump’s tariffs and the world’s market response. So let’s dig in. In today’s roundup: global markets plunge as Trump tariffs take hold, but what’s the upside?; a quarter of the entire Earth lines up to do deals; China reels under tariff chaos; Europe in focus as Trump vows the EU will have to pay “a...

On Monday, European Union leader Ursula von der Leyen has said that the European Union is ready to offer "zero-for-zero" tariffs in trade negotiations with the United States for industrial goods. "We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," von der Leyen said on Monday. This comes as the 27-nation bloc has been in talks to get the US to lower tariffs against the EU. The countries are facing a 25...

France’s trade minister said the European Union’s response to U.S. President Donald Trump’s tariffs could be “extremely aggressive” amid increasingly heated rhetoric from Paris. Speaking ahead of crunch talks in Luxembourg, French Minister of Foreign Trade Laurent Saint-Martin said that Brussels must consider all options in the trade dispute with the United States. “We must not exclude any option, on goods, on (American) services and open the European toolbox, which is very complete, which can also be extremely aggressive in return,” the minister said per Le Figaro.

Billionaire fund manager Bill Ackman, a staunch President Trump ally, has warned the world is on the brink of a “self-induced economic nuclear winter” – as he begged the commander in chief to pause his sweeping tariffs. “The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down,” Ackman wrote in a lengthy X post Sunday night. “May cooler heads prevail.” Ackman, who endorsed Trump’s run for President, issued the stark...

During an appearance on FNC’s “Sunday Morning Futures,” White House senior economic counselor Peter Navarro explained the long-term implications for the Trump administration’s tariffs and how they will function to ensure fair trade for the United States. “Let’s not forget, every economic report that’s been coming out in the last month has been pushing us towards expansion and strength,” Navarro said. “And we just had a blowout jobs number on Friday, 228,000 jobs. That was 50 percent higher than was predicted. So, again, there’s cognitive dissonance between what the media is saying, wanted to push us into recession, and what’s...

DETROIT—If President Trump’s trade war has a physical battleground, it is Michigan, where companies and workers are already feeling the beginning of an onslaught that could blow a hole in the state’s economy. Nearly 20% of the economy is tied to the auto industry, which has become increasingly dependent on parts and vehicles from Canada, Mexico and China—imports Trump hit with steep tariffs in recent weeks. This trade has grown so large that Michigan ranks fifth in the nation by the size of its imports and exports, even though its total economy ranks 14th. Detroit’s automotive executives have shifted into...

Donald Trump has repeatedly said that his move to impose wide-ranging tariffs is based on the simple concept of reciprocity: The U.S. should put the same conditions on imports from other countries that they impose on our goods through tariffs and other trade barriers. But the tariff scheme he announced isn’t reciprocal and isn’t based on measuring foreign trade barriers. Instead, it simply measures bilateral trade deficits and comes up with tariff numbers from there. Those are two very different things, and could be one reason why global financial markets are reacting so badly. The upshot is that, in the...

Stock markets across Asia and Europe have been hit with significant lows, as tariff announcements by US President Donald Trump continue to be felt across the markets. If you're just joining us now, here's what you've missed so far this morning: In Hong Kong, the Hang Seng Index closed down 13.22% which marks a 28-year low for the exchange In Taiwan, a 9.7% drop at close resulted in a record low for Taipei's TAIEX index In Europe, the UK's FTSE 100 index opened nearly 6% down and Germany's Dax plunged almost 10% at the start of trading European markets have...

President Trump stood by his wide-scale tariffs, calling them a “beautiful thing to behold” that will eventually be largely supported even as the stock futures dropped Sunday evening. “They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden,” Trump blasted out on Truth Social Sunday night as he attempted to justify the action he took against around 90 nations last week. “We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are...

For the first time in decades, the United States will see fair trade as President Donald J. Trump announces tariffs to level the playing field for American workers and businesses.Despite the rhetoric from politicians and the media, studies have repeatedly shown tariffs are an effective tool for achieving economic and strategic objectives — just as they did in President Trump’s first term.A 2024 study on the effects of President Trump’s tariffs in his first term found that they “strengthened the U.S. economy” and “led to significant reshoring” in industries like manufacturing and steel production.A 2023 report by the U.S. International...

Protectionist tariffs typically help one specific industry when a country is dumping products into our country because it costs less for the other country to make it than it does for American manufacturers to make it. These are the type of tariffs people think of when they threaten a repeat of Smoot-Hawley. President Trump’s reciprocal tariffs are very different from protectionist tariffs. According to the fundamental definition, “reciprocal” means doing an equal thing back. In this sense, the protectionist tariffs President Trump is responding to were levied first by another country on US goods. The United States is not initiating...

As I thought, President Trump is off to a great start thanks to the much better team of people he now has compared to last time. One exception: he brought back Peter Navarro, allowing him to design the massive April 2nd tariff orders. Dr. Navarro for most of his career was a Hillary Clinton Democrat who promoted terrible economic ideas, just like fellow Ph.D. economist Paul Krugman.His obsession is protective barriers that will bring back manufacturing to America, especially autos. But he is about 50 years behind the times. He still thinks it’s 1970 and Japan and Germany, with brand...

WEST PALM BEACH, Fla. (AP) — President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. Speaking to reporters aboard Air Force One, Trump said he didn’t want global markets to fall, but also that he wasn’t concerned about the massive sell-off either, adding, “sometimes you have to take medicine to fix something.”

Zimbabwe President Emmerson Mnangagwa has announced he will suspend tariffs on goods imported from the US in an attempt to build a "positive relationship" with President Donald Trump's administration. The move comes days after Trump imposed 18% tariffs on Zimbabwean exports to the US. "This measure is intended to facilitate the expansion of American imports within the Zimbabwean market, while simultaneously promoting the growth of Zimbabwean exports destined for the United States," he said on X. Zimbabwe has had strained diplomatic relations with the US since it adopted a controversial land policy about 25 years ago, and because of its...

The two leaders are expected to discuss US tariffs on Israel, the war in Gaza and Iran’s rapidly growing nuclear program. If the visit does take place, Netanyahu will be the first foreign leader to meet with Trump since he announced plans to impose reciprocal tariffs on dozens of nations. Imports from Israel will be hit with a 17% levy under the president’s plan. Netanyahu will likely attempt to negotiate a deal to remove the new tariffs on the Jewish state.

Treasury Secretary Scott Bessent appears on NBC to discuss the current MAGAnomic tariff program and global trade reset. Bessent outlines how the history of President Trump’s tariff approach toward China (’17-’19) did not result in higher consumer prices for goods from China.Secretary Bessent, like the rest of the MAGAnomic team, cuts through the talking points with direct evidence and analysis that destroys the preferred media narrative. Video and Transcript Below: [Transcript] – KRISTEN WELKER: And joining me now is Treasury Secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.SEC. SCOTT BESSENT: Kristen, good to see you.KRISTEN WELKER: It’s...

Margaret Brennan is very worried about the penguins of the Heard and McDonald Island being able fill their orders for EU heavy industrial equipment, against the backdrop of President Trump’s 10% tariffs. Secretary Lutnick points out the issue of transnational shipping, as Brennan sits flummoxed.That’s just one of the talking points from the ever-insufferable Margaret Brennan in this left-wing narrative engineering under the pretense of an interview. WATCH:[TRANSCRIPT] – MARGARET BRENNAN: Mr. Secretary, welcome to “Face the Nation.”COMMERCE SECRETARY HOWARD LUTNICK: Great to be here.MARGARET BRENNAN: We see about 60% of Americans have money in the stock market, which mean...

WASHINGTON/TAIPEI/VERONA, Italy- More than 50 nations have reached out to the White House to begin trade talks since U.S. President Donald Trump rolled out sweeping new tariffs, top officials said on Sunday as they defended levies that wiped out nearly $6 trillion in value from U.S. stocks last week and downplayed economic fallout. On Sunday morning talk shows, Trump's top economic advisers sought to portray the tariffs as a savvy repositioning of the U.S. in the global trade order. They also tried to minimize the economic shocks from last week's tumultuous rollout, ahead of Monday's expected bumpy opening of Asian...

Jake Tapper has denied being "of the left." On Sunday's edition of CNN's State of the Union, host Tapper, in a loaded question, asked Secretary of Agriculture Brooke Rollins: "How long do you anticipate this tariff chaos is going to be going on? 30 days, 60 days, 90 days?" In response, Rollins wryly responded: "We're now two days in, right? You've got two days of data. Everyone, especially on your side, on the left, is freaking out." Snapped back Tapper: "I'm not on the left."That earned a sardonic laugh [see screencap] and "thank you" from Rollins. So, Tapper is "not...