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Singapore expresses disappointment over U.S. tariffs on its exports despite a free-trade agreement and trade deficit with the U.S. Trade Minister Gan Kim Yong emphasizes diplomacy over retaliation and highlights talks with the U.S. to resolve concerns. Singapore will review economic forecasts due to the escalating issue. In a move that has sparked international economic tension, Singapore's trade minister expressed disappointment over the U.S. imposition of a 10% tariff on its exports, despite a free-trade agreement and trade deficit with the United States Trade Minister Gan Kim Yong, speaking at a press conference, assured that Singapore would not pursue retaliatory...

President Donald Trump doubled down on his tariffs position on Monday, taking to his Truth Social platform to point to a number of things that are happening amid the global market meltdown since his "Liberation Day" tariffs were announced last week."Rates are plummeting, oil prices are plummeting, deregulation is happening. President Trump is not going to bend," Trump wrote, quoting Fox Business host Maria Bartiromo.The president included a clip of Bartiromo's "Mornings with Maria" show, in which she highlighted several things taking place as the markets whipsawed early Monday.Bartiromo also said that Trump is trying to restore American independence so...

BEIJING, April 7 (Reuters) - Threats and pressure are not the right way to deal with China, a Chinese foreign ministry spokesperson said on Monday after describing U.S. President Donald Trump's "reciprocal tariffs" as bullying. The tariffs are "typical unilateralism and protectionism, and economic bullying", spokesperson Lin Jian told a regular press conference. He said that U.S. tariffs in the name of reciprocity only served its own interest at the expense of other countries.

Earlier today, President Donald Trump has issued a powerful ultimatum to the Chinese Communist Party: withdraw your new 34% retaliatory tariff on U.S. goods by tomorrow or face a crippling 50% tariff from the United States. Communist China’s tantrum came after President Trump’s bold and long-overdue move to impose reciprocal tariffs on Chinese imports—an action that millions of forgotten American workers have waited for decades to see. But instead of accepting the reality that their days of robbing the U.S. blind are over, the CCP is resorting to its usual playbook of deceit, deflection, and economic warfare. Beijing hit back...

Rep. Don Bacon, R-Neb., is planning to introduce legislation Monday that would restrict President Donald Trump's tariffs, as GOP opposition grows against the president's signature economic policy—though House Speaker Mike Johnson, R-La., is reportedly so far telling lawmakers to back the president. Key Facts House Republicans should “hold the line” on Trump’s tariffs and not oppose them, Johnson told his colleagues on a call Sunday, as reported by The Wall Street Journal, saying they should trust that Trump and his instincts will ultimately improve the economy, and just give the tariffs “time” to play out. Rep. Darrell Issa, R-Calif., asked...

Update(1759ET): Netanyahu did not get the quick or clear answer he was hoping for from President Trump in the Monday afternoon meeting in the Oval Office. Netanyahu pledged Israel will move quickly to close the trade gap and reduce trade barriers with Washington. “Israel can serve as a model for many countries who ought to do the same,” the Israeli leader said, adding, “I’m a free trade champion, and free trade has to be fair trade.” However, Trump indicated he might not reduce tariffs on Israel. “We give Israel $4 billion a year,” Trump said, and quipped in a troll-like...

It was imperative to get the administration’s tariff communications aligned, Bessent told Trump, and more focused on the endgame for Americans: better trade deals with foreign nations, according to people familiar with the conversation.

On Monday’s broadcast of the Fox Business Network’s “Kudlow,” host Larry Kudlow said that he doesn’t really think using trade deficits to calculate tariffs is a good idea and that if the Trump administration gets tax cuts and deregulation, it will spark growth and “We will grow faster than almost anybody. Therefore, almost by definition, by growing faster than the rest of the world, we’re always going to have a trade deficit.” While speaking with Treasury Secretary Scott Bessent, Kudlow said, “I don’t know if you heard Art Laffer in the prior interview, but Art doesn’t believe that the trade...

Catturd ™ @catturd2 Don Bacon and Rand Paul want these people deciding USA tariff policies instead of President Trump. 4:19 PM · Apr 7, 2025

President Trump is swinging the BIG UGLY hammer against the panda and the Beijing dragon behind it.President Trump (Via Truth Social) – “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...

Mr. President, take “yes” for an answer. On Monday, as the fallout from Liberation Day continued to rile markets, the European Union surrendered. “We have offered zero-for-zero tariffs for industrial goods,” European Commission President Ursula von der Leyen said. That would lower the price of pharmaceuticals, cars and other products that American companies export to the EU. It’s exactly the sort of agreement that would make President Trump’s tariff wars a success — forcing nations to make better deals for our workers. And if the agreement isn’t perfect, it’s at least a starting point. But is the administration even answering...

Benny Johnson @bennyjohnson 🚨BREAKING: Netanyahu announces Israel will be ending their trade barriers and tariffs on the United States: “We’re going to also eliminate trade barriers that have been put up unnecessarily. Mr. President, we are going to eliminate the tariffs." From Nick Sortor 2:38 PM · Apr 7, 2025

Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies. On Monday, European officials offered to drop tariffs to zero on cars and industrial goods imported from the United States, in return for the same treatment. Israel’s prime minister was...

The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week. “We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners,” European Commission President Ursula von der Leyen said Monday. “Because Europe is always ready for a good deal. So we keep it on the table,” she said at a press conference alongside Norwegian Prime Minister Jonas Gahr Støre. “We stand ready to negotiate with the US,” von der Leyen added. “We are also prepared to respond through countermeasures and...

ONE quickish concession following the election of Joe Biden as US President has seen a four-month suspension of the 25 per cent tariffs imposed by Donald Trump on the import of Scotch Whisky. Amongst other exports also now allowed into the US tariff free are cheese, pork, cashmere and machinery. It comes in response to the suspension of UK tariffs on certain goods effective from January 1, 2021 when Britain ceased to be part of the European Union. The argument and tit for tat measures came about as the US Government was accused of giving financial support to Boeing and...

Senate Minority Leader Chuck Schumer on Monday warned President Trump’s tariffs will destroy New York City’s economy and likely plunge it right into a recession — as he urged the commander in chief to “back off.” The New York Democrat claimed Trump’s “pinball tariff strategy” could result in a nearly $20 billion direct hit to the Big Apple and threaten hundreds of thousands of jobs. “President Trump’s pinball tariff strategy will wreak total havoc on New York City and is likely to drive us right into a recession. We’ve crunched the numbers, and what doesn’t look good for the nation,...

WASHINGTON, DC: An unearthed 1996 video shows then-Representative Nancy Pelosi passionately demanding the US push back on China's lopsided tariffs - sounding eerily like Donald Trump decades before his presidency made it a headline issue. In a video captured on the House floor back in June 1996, the congresswoman passionately urged her fellow lawmakers to challenge the “status quo” trade practices that had fueled the growing US trade deficit with China, reported by Fox News. Pelosi delivered a sharp critique of a bipartisan effort to grant China Most Favored Nation (MFN) trade status. She highlighted the lopsided nature of the...

For the second time in just two months, Israeli Prime Minister Benjamin Netanyahu is back in Washington D.C. and at the White House meeting with President Donald Trump. On the agenda for discussion are Trump's new tariffs, Iran's nuclear program, Hamas' ongoing war against Israel from Gaza, hostage release negotiations, Islamic terrorism, the tech industry and much more. "I am heading to the U.S. at the invitation of President Trump to discuss the hostages, the completion of the victory in Gaza, and the tariffs also applied to Israel. I hope I can help in this matter," Netanyahu said upon departure....

If there's one guy in the liberal media who should be modest about boasting, "I told you so," it's Joe Scarborough. Scarborough is the guy who—in the face of Biden's undeniable decline—assured voters that "this was the best Biden ever," angrily bellowing, "and f-you if you don't believe it." Yeah, well, we told you so, Scarborough. Biden was obviously unfit to serve. [snip] But on today's Morning Joe, Scarborough, discussing the fallout from Trump's tariffs, boasted "I spent three months after the election warning Republicans they needed to be careful. Three months. I've got -- we've got about ten minutes...

PresidentPresident Trump smartly remained quiet after delivering the economic thunder-shock with his national security tariffs and new global trade expectations. Now President Trump takes questions from the media about the initial reactions to the seismic event he created.“China needs to solve the problem of the trade deficit with have with them,” is codespeak for China needs to open their markets to U.S. companies that have already established a footprint, AND China needs to purchase U.S. goods. Despite the size of China, President Trump knows Beijing will never comply in earnest, so he gives the Panda a few words, but doesn’t...