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Tuesday, April 08, 2025

The White House is signaling that new tariffs on Chinese imports are taking effect after China's government missed a deadline to lift its retaliatory tariffs that were imposed in response to President Donald Trump's tariffs. White House press secretary Karoline Leavitt said Tuesday that because China declined to lift its retaliatory tariff, the president's additional 50% tariff levied on top of previously imposed tariffs of 20% and 34% took effect, bringing the total tariff on Chinese goods to 104%. She added that the tariffs took effect at noon Eastern Time on Tuesday, with tariff collection set to begin on Wednesday. Leavitt said that U.S. trading partners should be coming to the administration with deals to improve trade terms.


The Supreme Court on Tuesday blocked an order for the Trump administration to return to work thousands of federal employees ... read more


Lin argued putting "America first" before international trade rules harms global production and will impair the world's economic recovery. "Pressure and threats are not the way to deal with China," Lin said. "China will firmly safeguard its legitimate rights and interests." The remarks come after Trump put an additional 34 percent tariff on Chinese goods, on top of two rounds of 10 percent tariffs announced earlier this year. China responded with its own 34 percent tariff on U.S. goods. Ling Ji, a Chinese vice minister of commerce, said the "tariff problem" starts in the U.S. and pledged that Beijing remains open to foreign investment.


Sunday, April 06, 2025

Summary * Taiwan president proposes zero tariffs as basis for US trade talks * President says Taiwan won't retaliate against US tariffs * Taiwan will buy more from the US, president says * US is Taiwan's most important international partner


Saturday, April 05, 2025

"In a stark contrast to the previous administration's wildly unpopular plan to hire thousands of additional IRS agents, President Trump is focused on saving tax dollars, eliminating bloat, axing useless DEI offices, and increasing the agency's efficiency," White House spokesperson Liz Huston said to Fox News Digital.


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