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Keyword: tariffs

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  • Trump Blinks on Tariffs, Again, for Now

    04/09/2025 5:31:30 PM PDT · by karpov · 143 replies
    Wall Street Journal ^ | April 9, 2025 | WSJ Editorial Board
    President Trump says trade wars are easy to win. Investors think otherwise, and on Wednesday Mr. Trump decided maybe investors are right. After a flight from U.S. assets and a rout in the bond market, Mr. Trump announced a pause for 90 days on the worst of his “liberation” tariffs on most countries, China excepted. Markets celebrated with a stock-market rally on hope that perhaps Mr. Trump isn’t entirely oblivious to the damage he’s causing. The rout in dollar assets reversed, at least somewhat, and the rise in the benchmark 10-year Treasury yield eased. It would be hard to find...
  • Apocalyptic warning about economic meltdown that forced Trump's hand on tariffs... NOT any 'art of the deal'

    04/09/2025 3:36:03 PM PDT · by Angelino97 · 70 replies
    Daily Mail ^ | April 9, 2025 | Tilly Armstrong
    President Donald Trump was forced to backtrack on his sweeping tariff plans because of a 'fire sale' in the bond market which could have triggered economic meltdown. Alongside causing turmoil in the stock market, Trump's sweeping tariff plans sparked a major US government bonds sell-off, the likes of which had not been seen since the depths of the Covid-19 crisis. Experts are saying that it was this, rather than simply the 'art of the deal,' which caused the White House to backtrack on its tariff proposals. On Wednesday, the President announced a 90-day pause on all new 'reciprocal' tariffs, in...
  • Bessent Says U.S. Building Allied Trade Bloc to Isolate Beijing, Market Panic Overblown

    04/09/2025 1:13:21 PM PDT · by SoConPubbie · 17 replies
    Breitbart ^ | 9 Apr 2025 | John Carney
    Treasury Secretary Scott Bessent said Wednesday the U.S. is moving toward trade agreements with key allies that will form the basis for a united economic front against China, while dismissing fears of a financial crisis as “nothing systemic.”Speaking at the American Bankers Association meeting in Washington, Bessent laid out the Trump administration’s strategy to pressure Beijing through coordinated economic diplomacy.“We can probably reach a deal with our allies,” Bessent said. “They’ve been good military allies, not perfect economic allies. And then we can approach China as a group.”He warned Europe not to break ranks or retaliate against tariffs from the...
  • China: Trump Asking for Trade Fairness Is ‘Hegemonic and Bullying’

    04/09/2025 1:04:54 PM PDT · by SoConPubbie · 56 replies
    Breitbart ^ | 9 Apr 2025 | John Hayward
    The U.S.-China trade war heated up on Wednesday, as President Donald Trump’s tariffs on China soared to a total of 104 percent and China retaliated by announcing an 84 percent levy on U.S. goods. China furiously denounced Trump’s tariffs as “hegemonic” and called on the world to unite against Trump’s “bullying.”The Chinese Finance Ministry announced the 84 percent retaliatory tariff on Wednesday, several hours ahead of an expected retaliation from the European Union.China said it was “inevitable” that it would run a trade surplus against the United States, and it has the “determination and means” to keep fighting back against...
  • President Donald Trump: 90-Day Pause for Countries Not Retaliating to Tariffs, China Increases to 125%

    04/09/2025 12:59:47 PM PDT · by SoConPubbie · 18 replies
    Breitbart ^ | 9 Apr 2025 | Hannah Knudsen
    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...
  • Trump has China boxed in. It will only get worse for Chinese manufacturing. The Trump tariff war with China forces most of the rest of the world to begin implementing anti dumping trade policies against China.

    04/09/2025 5:32:20 AM PDT · by hardspunned · 68 replies
    Vanity ^ | 4/9/25 | Vanity
    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.”
  • CHARLES PAYNE: The truth about tariffs and the history lesson many critics are missing

    04/09/2025 12:25:21 PM PDT · by ChicagoConservative27 · 9 replies
    foxbusiness ^ | Charles Payne
    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...
  • Donald Trump will learn 'China will not blink' in fighting 'total war' against global tariffs

    04/09/2025 12:22:02 PM PDT · by DallasBiff · 51 replies
    Mirror(UK) ^ | 4/9/25 | Ryan Fahey
    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
  • Trump Issues 90-Day Pause on Widespread 'Reciprocal' Tariffs

    04/09/2025 10:58:19 AM PDT · by RoosterRedux · 78 replies
    Investopedia ^ | Taylor Tompkins
    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.
  • Trump’s Long Game With Tariffs Restoring America's industrial base.

    04/09/2025 11:45:53 AM PDT · by Jacquerie · 15 replies
    Front Page Mag ^ | April 9th 2025 | Kenneth R. Timmerman
    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,...
  • Trump pauses higher tariffs for dozens of countries, but hikes China rate to 125%

    04/09/2025 11:16:28 AM PDT · by RandFan · 37 replies
    BBC LIVE ^ | April 9 | BBC LIVE
    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...
  • Trump announces 90-day tariff pause for at least some countries

    04/09/2025 10:37:44 AM PDT · by marcusmaximus · 84 replies
    CNBC ^ | 4/9/2025 | Dan Mangan
    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.
  • 18 months to save the world

    04/09/2025 10:21:39 AM PDT · by MtnClimber · 10 replies
    American Thinker ^ | 9 Apr, 2025 | Eric Utter
    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...
  • Free Trade: Reagan and the Austrian School vs. the World of Today

    04/09/2025 10:06:15 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 04/09/2025 | John F. Di Leo
    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...
  • Pocahontas Elizabeth Warren: "NO ONE is interested in making investments in the United States after President Trump's tariffs".

    04/09/2025 9:58:25 AM PDT · by Macho MAGA Man · 38 replies
    Benny Johnson on Twitter X ^ | April 9, 2025 | Benny Johnson
    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
  • China Has An Insidious 6 Point Plan To Defeat Donald Trump And Win The Economic War

    04/09/2025 9:47:57 AM PDT · by Rev M. Bresciani · 45 replies
    New American Prophet ^ | April 9, 2025 | Michael Snyder
    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...
  • VIDEO: Richard Quest's "ARRANT NONSENSE!" vs "YOU HAVE NOW TRANSGRESSED!"

    04/09/2025 9:05:32 AM PDT · by PJ-Comix · 8 replies
    Rumble ^ | April 9, 2025 | DUmmie FUnnies
    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...
  • Morning ‘Jackass’ Scarborough Forced to Walk Back ‘I Told You So’ on Stock Market Panic

    04/09/2025 8:19:13 AM PDT · by JV3MRC · 14 replies
    NewsBusters ^ | 4/9/2025 | Joseph Vazquez
    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...
  • Global pharma shares plunge as Trump doubles down on tariff threat

    04/09/2025 7:46:09 AM PDT · by Red Badger · 16 replies
    NBC News ^ | April 09, 2025 | Staff
    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...
  • President Trump: BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!

    04/09/2025 8:32:21 AM PDT · by Macho MAGA Man · 27 replies
    Donald J. Trump Truth Social ^ | April 9, 2025 | Donald J. Trump
    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