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VIDEOI just knew when President Trump paused the tariffs and China ended up ISOLATED due to most of the world wanting to negotiate with him that the Morning Joe crew the next morning would go into desperate spin control. And, as you can see, I was not wrong. The pathetic Spin Control began with Willie Geist and continued with other Morning Joe guests. They can never concede that Trump did something BRILLIANT as was the case with the tariffs.

Australia has rejected China’s plea to “join hands” against U.S. President Donald Trump’s tariffs, declaring Thursday it is happy to keep negotiating with its long-term ally rather than join Beijing’s chorus of aggrieved opposition to Washington. The White House recently imposed an import tax of 10 percent on Australian goods, but for China – Australia’s biggest trading partner – it raised tariffs to 125 percent. China’s ambassador to Australia Xiao Qian argued joint resistance is “the only way” to stop the “hegemonic and bullying behaviour of the U.S.”, appealing for Canberra’s cooperation in an opinion piece on Thursday, the BBC...

The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday. The bloc was due to launch counter-tariffs on about 21 billion euros ($23.25 billion) of U.S. imports from next Tuesday in response to Trump’s 25% tariffs on steel and aluminium. It is still assessing how to respond to U.S. car tariffs and the broader 10% levies still in place. “We want to give negotiations a chance,” von der Leyen said on X....

On Wednesday’s broadcast of CNN’s “Laura Coates Live,” Rep. Brendan Boyle (D-PA) reacted to Michigan Gov. Gretchen Whitmer (D) partially praising tariffs by saying that most Democrats support some tariffs, but “the challenge is, in this context, there are so many folks on my side, myself included, who strongly oppose President Trump and what he’s doing, and, every single day, find ourselves disturbed by the things he’s doing,” and “a lot of folks on our side, and not just on our side, some Independents and Republicans as well, want to see us fighting and making sure that we are fighting...

In 1993, Democrats voted against NAFTA by 156-102 and against it in the Senate by a narrower 28-27. Now, Democrats are mourning the death of what they claim is the last vestige of NAFTA. President Trump’s tariffs, they claim, are killing the ‘free trade’ that the Dems once opposed, before they supported it, and before they opposed it. NAFTA cost Republicans the White House, but Bill Clinton’s embrace of it cost Democrats the South. Clinton had manipulated and misled working class Democrats into believing that he would either reject or fundamentally transform NAFTA and lost the white working class vote....

President Trump finally blinked. It took a week for the plunge in the stock and bond markets—along with a sustained campaign by executives, lawmakers, lobbyists and foreign leaders—to prompt Trump to roll back for 90 days a major element of his sweeping tariff plan. The president said that the reaction to the tariffs was getting a bit “yippy”—like a nervous athlete unable to perform—and he relied on his instincts to change course as he watched the bond market tank and listened to business leaders including JPMorgan Chase CEO Jamie Dimon express fears of a recession. The episode was classic Trump:...

Donald Trump finally decided to take the proverbial “win” on trade and the stock market rallied nearly 3,000 points. You can thank the bond market, with an assist from Treasury Secretary Scott Bessent, for making it happen. We have been hyper-focused on how the stock market dropped ever since Trump declared trade war on the entire world, how he kept upping the ante, demanding ever higher degrees of compensation from our trade partners, even those who appeared to be acting in good faith and wanting to negotiate peace. He was also goaded by two of the most hawkish and protectionist...

SHENZHEN, China (Reuters) - Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to the "unprecedented blow" from President Donald Trump's tariff hikes, the head of China's largest e-commerce association said. Trump said on Wednesday he would raise tariffs on Chinese imports to 125% from the 104% level already in effect, escalating the high-stakes confrontation between the two world's largest economies. "This isn't just a tax issue, it's that the entire cost structure gets entirely overwhelmed," said Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents...

Not much of a secret when the president tweets to the entire world to "BUY" 3 hours before the announcement. "I'm writing to the White House to demand who knew in advance that the president was gonna once again flip flop on tariffs? And are people cashing in?" "There is just all too much opportunity for people in the White House and the administration to be insider trading."

Paul Sperry @paulsperry_ DEVELOPING: Sources say Oil Patch executives have stormed the Hill to warn GOP leaders the tariff regime is tanking oil prices to a point which will undermine Trump's "Drill, baby drill!" and turn the Texas boom into bust. Crude has already plunged $15 with no bottom in sight ... 10:52 AM · Apr 9, 2025

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...

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...

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...

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 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,...