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President Donald Trump on Wednesday is rallying the world against China, hitting the adversary with increased tariffs effective immediately while instituting a 90-day pause and “substantially lowered Reciprocal Tariff during this period” for other countries that have reached out to negotiate rather than retaliate.“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump announced Wednesday on Truth Social.Trump said he hopes at some point China will realize its days of ripping off the United States of...

Thailand is staring at a crisis caused by the rising number of factory closures in recent years, partly attributed to an influx of cheaper Chinese products. “The Indian Express had reported Saturday that a high-level meeting had taken place at the Commerce and Industry Ministry to assess the situation with fears of a potential surge in imports in the backdrop of the reciprocal tariffs. "Necessary action will be taken. The Customs department and the Bureau of Indian Standards (BIS) are vigilant, the official said.”

For decades, the use of tariffs was considered a smart economic move to protect American entrepreneurship and markets for domestic producers. They were in place as America surpassed Great Britain in the late 1800s and early 1900s as the preeminent nation and economy in the world. They were in place during the Roaring Twenties -- first by the Emergency Tariff Act of 1920 and then the Fordney-McCumber Act of 1931. So why are they frowned upon now, especially by conservative economists? Five words: The Smoot-Hawley Tariffs Act. The tariffs applied from Smoot-Hawley are erroneously credited with prolonging the market meltdown...

Experts believe that Donald Trump's decision could lead to a global recession unless the "deals" he's so keen to make are arranged quickly, after the stock market went into freefall following him slapping tariffs on every country in the world

Just hours after implementing tariffs of varying levels on trade partners worldwide, President Donald Trump said he would pause the 'reciprocal' import taxes for 90 days. In a post on Truth Social, Trump said the pause would be effective immediately and the base tariff of 10% will still be enforced. He said he felt the pause was needed because more than 75 countries had contacted his administration to make trade deals.

Donald Trump is playing the long game with tariffs. His goal is to restore our industrial base by revolutionizing the way the United States trades with the rest of the world. We no longer make antibiotics, and import much of our steel, computer chips, and cars. We must even import titanium sponge – a key component for weapons systems – from producers in China, Russia, and Kazakhstan.As World War II was drawing to a close in 1944, the United States pledged its power and wealth to a new world order. Through the Bretton Woods agreement, and later, the Marshall Plan,...

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...