Treasury Secretary Scott Bessent said on Wednesday that more than 100 countries have approached the U.S. “wanting to help rebalance global trade” in response to President Donald Trump’s tariff announcements.
Rep. Jeff Hurd, R-Colo., along with Reps. Don Bacon, R-Neb., Josh Gottheimer, D-N.J., and Gregory Meeks, D-N.Y., introduced bipartisan legislation to return Congress’ constitutionally authorized role in setting and approving U.S. trade policy. H.R.2665, The Trade Review Act of 2025, requires that unilateral tariffs proposed by the executive branch receive congressional authority.
President Donald Trump said Sunday that he would announce new tariffs targeting semiconductors in the next week amid an ongoing trade war with China.
Trump says new tariffs on semiconductor chips coming in ‘very near future’ Read More »
An increasingly desperate China on Friday pleaded with European Union (E.U.) members to join with Beijing in resisting “unilateral bullying” posed by punitive tariffs introduced by U.S. President Donald Trump.
As a week of intense tariff mania ends and a new period of negotiations begins, President Donald Trump has 1) started a trade war with China, imposing a 125% tariff on all imports from that country; 2) imposed a 10% global baseline tariff on the world; 3) imposed tariffs on steel, aluminum, some autos, and auto parts; and 4) paused for 90 days a long list of higher “reciprocal” tariffs on many countries.
President Donald Trump is leveraging a 145% tariff rate, higher than previously thought, on Chinese goods, according to White House officials.
White House clarifies new China tariff rate of 145%, not 125% Read More »
U.S. consumer prices fell in March, pushed down by a decline in the price of goods and defying predictions that President Trump’s tariff plans would push up prices. This was the first drop in consumer prices in nearly three years and only the second decline since inflation accelerated under Joe Biden to the worst rates in decades.
Wall Street surged Wednesday after a blowout 10-year Treasury auction helped calm fears of a financial crisis, delivering a sharp rebuke to doomsayers who predicted foreign investors would flee American assets in protest of President Donald Trump’s trade agenda, and President Trump announced a pause in tariff hikes on some countries.
Stocks soar after strong demand in treasury auction and tariff pause Read More »
China is slapping 84 percent tariffs on U.S. goods from Thursday, ramping the impost up from the 34 percent as previously announced, its finance ministry said on Wednesday.
China strikes back at Trump with immediate 84% tariffs on U.S. goods Read More »
President Trump said Tuesday his administration soon would announce “major” tariffs on pharmaceuticals, adding to the tariffs he has already imposed on most goods entering the United States from abroad.
Trump: ‘Major’ pharmaceutical tariffs coming soon Read More »
