I’m going to gloss over all the criticism of Trump’s tariffs from the left because, well, so few of the critiques are made in good faith. There are liberal free traders out there. Establishment economists who have consistent theories of how the economy works and actually believe what they say–yes, such people DO exist, even...
Natalie Sherman BBC News Reporting fromNew York, New York BBC Days after Richard Medina went looking for a smartphone to beat new tariffs, the US announced the devices would be exempt from the duties When his camera stopped working on his iPhone recently, New Yorker Richard Medina didn’t waste any time. With the threat of...
Don’t rush to the store to buy that new iPhone just yet. After a week of volatility in the markets over Donald Trump’s tariffs, investors mainly returned to normal by the end of the week, ending on a positive upswing on Friday. The one exception was among tech stocks such as Apple, where tariffs would...
President Donald Trump’s administration has exempted smartphones and computers from reciprocal tariffs, including the 125% levies imposed on Chinese imports. US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump’s 10% global tariff on most countries and the much larger Chinese import tax. The move comes...
China announced today that it was raising its tariffs on US goods to 125%, just below where Trump raised tariffs on Chinese goods earlier in the week. Chinese leader Xi Jinping has said his nation is “not afraid,” in his first public comments on the escalating trade war with the United States, as Beijing raised...
In response to why Beijing is not backing down to Donald Trump on tariffs, the answer is that it doesn’t have to. China’s leaders would say that they are not inclined to cave in to a bully – something its government has repeatedly labelled the Trump administration as – but it also has a capacity...
US President Donald Trump on Wednesday announced a 90-day pause on higher-band tariffs with the exception of China, imposing a 125% tariff on Chinese goods. The White House has said the change of course was all part of the president’s plan to leverage for negotiations, but it initially took many by surprise. The BBC’s Bernd...
With whirlwind tariffs and a looming trade war with China threatening to raise prices, government services halted by sweeping staffing cuts and Republicans in Congress moving to slash the social safety net to pay for tax cuts that would primarily benefit the wealthy, experts say the GOP agenda coalescing under President Donald Trump poses a...
People were getting ‘yippy’ according to the president… Read full article at source...
Liv McMahon Technology reporter Reuters The world’s most popular gadgets – phones, laptops, tablets, smartwatches – could be about to get a lot more expensive in the US. Many of them are made in China, which now faces a 125% tariff on its goods imported to the US, under President Donald Trump’s controversial trade policy....
David Dixon & Elliot Ball BBC News, South West BBC Ben Wearmouth, from Bott Ltd, said the tariffs were an “evolving situation” Exporting businesses in Devon and Cornwall have been reacting to US President Donald Trump’s tariffs, with one company describing the extra tax as a “surprise”. His universal 10% levy remains in place for...
US markets shot up like a rocket on Wednesday after US President Donald Trump issued a 90-day pause on the implementation of higher tariffs, meaning a “universal 10%” levy will be in place for most countries. But the US president hit China with even higher tariffs of 125% due to “their insistence on escalation”, according...
US shares have rocketed after US President Donald Trump said he would suspend steep tariffs on goods from most countries, and instead impose a 10% import tax rate. The White House said it was backing off on higher levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on...
President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs, but escalated a spiralling trade war with China. In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners came into effect, Trump said he was authorising a universal “lowered reciprocal tariff of 10%”...
…a wild day ends with a 90-day ‘pause’ on tariffs Read full article at source...