Trump, White House and China
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The White House was hours away from announcing a proposal this week to spin off the popular video app TikTok when the Chinese government shattered the idea, saying it would not approve of any deal wit...
From The Washington Post
"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.
From Reuters
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Trump, tariffs
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President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2.
From USA Today
The formula used to calculate President Donald Trump’s new batch of tariffs announced Wednesday is based on dividing the U.S.’s trade deficit with a given country divided by their total exports to the...
From Yahoo
The early reviews have been worrisome. Financial markets had their worst week since the onset of the COVID-19 pandemic, foreign trade partners retaliated and economists warned that the import taxes m...
From Yahoo
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Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
But then financial journalist James Surowiecki concluded that Trump’s retaliatory tariffs were based on a simple formula: a country’s trade deficit, divided by the country’s exports to the United States.
What is President Trump really trying to do with his tariff plan: Is it to protect American jobs, is it about leveling the playing field, or is it about taking the head out of the economy?
President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.
For instance, Trump said, the U.S. estimated a total trade barrier rate of 67% for China, meaning the U.S. would impose a 34% tariff in response. The U.S. assessed a European Union trade barrier rate of 39%, Trump said, adding that the U.S. reciprocal tariff would register at 20%.
The White House held a call with House Republican aides rallying them around Trump's tariff plan, Fox News Digital was told.
President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.
Israel tried to avoid the tariffs by announcing that it would lift all tariffs on US products. But Trump announced a 17 per cent tariff on Isreal.If Netanyahu meets Trump in the White House on Monday,
That includes the 10% universal tariff plus much higher tariffs on about 60 countries announced Wednesday, as well as previous import taxes on steel, aluminum and cars. Inflation could top 4% this year,