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SUMMARY Donald Trump announces a 90-day pause on higher tariffs for dozens of countries - but hikes levies on China to 125% There will now be a universal tariff of 10% on all countries' goods, except for China He says the higher rate for China is because of "the lack of respect that China has shown to the world's markets" Earlier on Wednesday, China announced an 84% tariff on US imports after Donald Trump imposed a 104% tariff on Chinese goods entering the US Stock markets surged after Trump made his announcement - the president appears to have blinked, writes...

President Donald Trump on Wednesday announced a 90-day pause on the full effect of his new tariffs for at least some countries. Trump also said in a social media post that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown to the World’s Markets.” Trump credited his decision to pause the full effect of tariffs on the fact that “more than 75 Countries” have contacted U.S. officials “to negotiate a solution” to trade concerns that he raised in imposing the new duties.

Debt, illegals, outsourcing -- the United States is heading for a catastrophic fall. Trump understands this. Middle-class America is rapidly going the way of the dinosaur and the dodo bird. And California, where mansions and homeless people abound, is the template Democrats want to bring to America as a whole. Because it suits their needs. Big money donors and poor people in crisis who think they need ‘compassionate’ Democrats’ help. The ‘American Dream’ was that any normal person who worked hard and saved could have a house and a relatively comfortable — and meaningful — life, expecting to live better...

I was raised to respect the Austrian School of economics. From the hardliners at the Foundation for Economic Education (FEE) and Reason to the more moderate libertarians like Milton Friedman and President Reagan, the conservatives of my generation (I’m 62) knew several things with absolute certainty:· Taxation is Theft.· The most important goal of our Founding Fathers was limiting the size and scope of government.· The Invisible Hand of the Free Market delivers the best results for the consumer.At the same time, however, we recognized certain other fundamental truths of government:· Government is instituted to protect society from external enemies...

Benny Johnson @bennyjohnson Pocahontas Elizabeth Warren says NO ONE is interested in making investments in the United States after President Trump's tariffs. Does she live under a rock? President Trump has already secured TRILLIONS in investments. 11:32 AM · Apr 9, 2025

The Chinese have no intention of giving in to President Trump and are vowing to “fight to the end”. So that means that an economic war between the number one economy on the entire planet and the number two economy on the entire planet is officially on. Yesterday, I warned my readers that imports from China were about to be hit with a 104 percent tariff, but because this number had not been reported by the mainstream media yet a lot of people didn’t believe me. Of course this morning major news outlets all over the globe were using that...

VIDEOWhich is more amusing? To hear CNN's Davos Boy Richard Quest snootily exclaim "ARRANT NONSENSE!" or hear him snobbishly declare "YOU HAVE NOW TRANSGRESSED!"? The "ARRANT NONSENSE!" came as a result of Quest listening to Natalie Winters on Piers Morgan listing the many transgressions of the Chinese Communist Party trade policies. As you can see, Poor Richard was angrily simmering to a boiling point until he finally burst out with his "ARRANT NONSENSE!"The other Richard Quest amusing outburst came at Davos in January 2024 when the only outlet reporting real news from the site of the World Economic Forum, Rebel...

The same media schlub who waved around the “I told you so” foam finger when stocks whipsawed on April 7 over President Donald Trump’s tariffs is doing the backstroke now after the markets surged just a day later. “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 of clips we could play you,” boasted a snooty Scarborough during the April 7 edition of Morning Joe. Stocks were bouncing over and under the flat line Monday, with the Dow and S&P 500 eventually just being off...

Pharmaceutical imports were initially exempt from Trump’s first set of reciprocal tariffs last week but his administration has since indicated that levies on the sector are coming. Global drugmakers’ stocks dropped across the board on Wednesday after U.S. President Donald Trump reiterated plans for a “major” tariff on pharmaceutical imports, threatening an interwoven supply chain across the world, and as his country-specific reciprocal tariffs took effect, leading to more pain in global markets. Pharmaceutical imports were initially exempt from Trump’s first set of reciprocal tariffs last week but his administration has since indicated that levies on the sector, which in...

Donald J. Trump @realDonaldTrump BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before! Apr 09, 2025, 8:33 AM

US President Donald Trump says he will soon announce "major" tariffs on imported pharmaceuticals, a move that could end decades of low-cost global trade in medicines. For years, most countries, including the US, have imposed few or no tariffs on finished drugs, thanks in part to a 1995 World Trade Organisation (WTO) agreement aimed at keeping medicines affordable. This shift comes after Trump introduced a blanket 10% tariff on other imports last week, as part of a broader effort to bring manufacturing back to the US. His new "reciprocal" tariffs - including a duty of 104% on goods arriving from...

COMMENT: The media including the financial media really going crazy with this Trump Tariff thing – as if the market wasn’t due for a pull back. REPLY: We had forecast that we would see a correction by April last year. I answered plenty of questions on various podcasts about whether this would be a big crash and the end of the bull market. I consistently warned that such a scenario was absurd, for that implied the classic flight to quality being government debt. Facing a global sovereign debt crisis, I warned that it was just not realistic. The press has...

Roofing-products manufacturer IKO North America has been on a factory-building spree in the U.S., with one plant completed and four more under construction. After President Trump launched a barrage of tariffs on U.S. trading partners, the math abruptly changed. Chief Executive David Koschitzky said IKO’s just-finished factory in Texas now faces higher prices on the steel it uses to fabricate metal shingles, while the plants that are still being built need machinery that isn’t made in the U.S. The company will continue with the projects, he said, but tariffs will make them much more expensive. “If we’re to be successful,...

MrBeast is the latest high-profile figure to attack President Trump’s punitive tariffs, which he says will make it “way cheaper” to produce his ethically sourced chocolate brand Feastables overseas. “Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,” the YouTuber, whose real name is Jimmy Donaldson, wrote on X on Tuesday. Donaldson noted it would be cheaper to produce his popular candy abroad because “other countries don’t have a 20%+ tariff on our cogs.” Feastables products are “designed” in Donaldson’s hometown of Greenville, North Carolina, and...

President Trump bragged that countries have been “calling us up, kissing my ass” ever since he announced he’d be slapping roughly 90 nations with sweeping tariffs — including a staggering 104% levy on China. “I’m telling you, these countries are calling us up, kissing my ass,” Trump told the National Republican Congressional Committee Dinner late Tuesday — just hours before the tariffs went into effect. “They are. They are dying to make a deal. ‘Please, please, Sir, make a deal. I’ll do anything. I’ll do anything, sir!’” he said mockingly.

China is pushing back Tuesday after Vice President JD Vance told Fox News last week that the U.S. borrows "money from Chinese peasants to buy the things those Chinese peasants manufacture." Vance, during an interview with "Fox & Friends," made the remark while speaking about the effects of the Trump administration’s tariffs. "I think it's useful for all of us to step back and ask us, ask ourselves, what is the globalist economy gotten the United States of America? And the answer is fundamentally, it's based on two principles -- incurring a huge amount of debt to buy things that...

Full dragon, no panda mask. Beijing begins using war terminology to discuss the trade conflict with the United States. Through a series of cumulative trade tariffs, President Trump has now placed Chinese imports into the USA in a position of 104% tariffs. 104%! In response Beijing has devalued their currency and dumped treasuries, but no amount of subsidy, devaluation or use of their sovereign wealth fund is going to compensate for 104% taxes on Chinese products. Very soon all purchase orders from the USA for Chinese manufactured products will stop. The Beijing dragon is looking at the future through a...

SINGAPORE (Reuters) - U.S. Treasuries extended heavy losses on Wednesday in a sign investors are selling even their safest assets as a global market rout unleashed by U.S. tariffs takes an unnerving turn towards distress and a dash for the safety of cash. "This is beyond fundamentals right now. This is about liquidity," said Jack Chambers, senior rates strategist at ANZ in Sydney. The 10-year U.S. Treasury yield, the globe's benchmark safe-haven anchor, was up 20 basis points and rising in Asia - a remarkable move in a time zone where it's usually fairly steady. At 4.46% the yield is...

Prime Minister Benjamin Netanyahu departed the meeting with U.S. President Donald Trump on Monday evening practically empty-handed. Expectations in Israel were high that Netanyahu would be able to secure either a reduction in the 17% tariffs announced by President Trump last week, or a strong stance against Iran for resisting U.S. efforts at negotiations over the country’s nuclear ambitions, or possibly even positive developments in the issue of the hostages, after Netanyahu met with Trump and his special Middle East envoy Steve Witkoff. However, to the disappointment of many in Israel, Netanyahu left with little good news for Israel. Instead...

If Republicans like Tillis actually care about lowering Americans’ cost of living, they should slash the federal budget they’ve spent years ballooning.It’s been less than a week since President Trump’s “Liberation Day” tariff blitz against foreign nations, and Republicans on Capitol Hill are already in full-on freakout mode. Throughout the past several days, GOP members of Congress have run to their favorite legacy media talking heads to express their supposed concerns that the president’s tariff policies could result in higher costs of living for everyday Americans. The latest example of this came on Tuesday, when Sen. Thom Tillis, R-N.C., while...