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White House clarifies new China tariff rate of 145%, not 125%
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Approved, National, Washington Examiner

White House clarifies new China tariff rate of 145%, not 125%

By Christian Datoc | Washington Examiner President Donald Trump is leveraging a 145% tariff rate, higher than previously thought, on Chinese goods, according to White House officials. Trump made headlines and shifted financial markets Thursday by announcing a 90-day pause on his reciprocal tariff agenda for all U.S. trading partners besides China, Canada, and Mexico. Throughout the pause, the administration will seek to broker bilateral agreements with more than 80 trading partners now facing a 10% tariff rate for the next three months. Canada and Mexico will still be subject to a 25% tariff rate for all non-USMCA-compliant goods, but the president bumped China’s tariff rate to 125% after Beijing placed new tariffs on American exports. However, White Hou...
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Promises made, promises kept: Consumer prices fell in March, defying predictions of tarifflation
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Approved, Breitbart, National

Promises made, promises kept: Consumer prices fell in March, defying predictions of tarifflation

By John Carney | Breitbart 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. The consumer price index fell by 0.1 percent compared with the previous month after climbing each month since July 2022. Economists had forecast prices would rise by 0.1 percent. Core consumer prices, a measure that excludes volatile food and energy prices, rose by 0.1 percent, far less than the 0.3 percent expected. This was the smallest rise in core prices since President Trump’s first term as president. READ THE FULL STOR...
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Stocks soar after strong demand in treasury auction and tariff pause
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Approved, Breitbart, National

Stocks soar after strong demand in treasury auction and tariff pause

By John Carney | Breitbart 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. The Dow jumped 5.9 percent, the S&P 500 rose 7.3 percent, and the Nasdaq soared 8.9 percent, capping a dramatic rebound from a week of steep losses triggered by spiking bond yields and escalating global tariffs. The spark? A remarkably strong $39 billion auction of 10-year Treasury notes. The bonds sold at a yield of 4.435 percent, lower than expected, with a significant stop-through—a sign that investors were eager to b...
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China strikes back at Trump with immediate 84% tariffs on U.S. goods
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Approved, Breitbart, National

China strikes back at Trump with immediate 84% tariffs on U.S. goods

By Simon Kent | Breitbart 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. Beijing’s hurried move is just the latest shot in an international trade war sparked by U.S. President Donald Trump as he works to level the playing field for global trade after China’s President Xi Jinping refused to withdraw retaliatory tariffs placed on America, as Breitbart News reported. Last week, Trump announced reciprocal tariffs on countries that have historically imposed high tariffs on the U.S., including China, which faced a 34 percent tariff in addition to existing tariffs on its goods. READ THE FULL STORY AT BREITBART
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Trump: ‘Major’ pharmaceutical tariffs coming soon
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Approved, National, THE HILL

Trump: ‘Major’ pharmaceutical tariffs coming soon

By  Ashleigh Fields | The Hill 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. “We’re going to be announcing very shortly a major tariff on pharmaceuticals,” Trump said during a speech at the National Republican Congressional Committee. “And when they hear that, they will leave China. They will leave other places because they have to sell — most of their product is sold here, and they’re going to be opening up their plants all over the place in our country,” he added.  READ THE FULL STORY AT THE HILL
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Hanson: Donald Trump’s just trade war
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Approved, National, The Free Press

Hanson: Donald Trump’s just trade war

By Victor Davis Hanson | The Free Press President Donald Trump has announced sweeping new tariffs on most goods imported into the U.S. from abroad. His flat 10 percent levy on all imported products and services came into effect on Saturday. Starting Wednesday, American tariffs will rise higher, in some cases quite dramatically so, on the European Union, China, India, Vietnam, and some of our Asian allies such as Japan, South Korea, and Taiwan—which have for decades unabashedly run large trade surpluses. The resulting 10 percent drop in the stock market over two days last week, to early 2023 levels, has prompted hysteria of the sort not seen since 2008. The more the American Left—not long ago, passionate advocates of Trump-style trade fairness—seeks political advantage through roars o...
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Trump opens talks with South Korea on tariffs
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Approved, National, Washington Examiner

Trump opens talks with South Korea on tariffs

By Jack Birle | Washington Examiner President Donald Trump was optimistic after speaking with acting South Korean President Han Duck-soo about getting a “great deal” on tariffs and other matters with the Asian country. Trump’s phone call with the South Korean leader comes a day after he spoke with Japanese Prime Minister Shigeru Ishiba about beginning negotiations on trade amid his new sweeping tariff policy. READ THE FULL STORY AT THE WASHINGTON EXAMINER
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Gabel: Why I have no beef with President Trump’s beef tariffs
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Approved, coloradopolitics.com, Commentary, National

Gabel: Why I have no beef with President Trump’s beef tariffs

By Rachel Gabel | Commentary, Colorado Politics President Donald Trump’s tariffs should be on the radar of every agriculture producer in the U.S. Our country is not only the top producer of beef at 12.1 million metric tons annually, but also the top importer of beef, consuming 12.7 metric tons annually. There are hundreds of other ag commodities that rely on trade, of course, but beef is on my radar. One of the countries at the top of the beef tariff list is Australia, which is one of the countries that imports no American beef, a result of a 2003 restriction following a North American outbreak of bovine spongiform encephalopathy, or mad cow disease. Our country, however, imports $4.8 billion in Australian beef annually, making the U.S. Australia’s largest beef market. Japan, Mexi...
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Trump threatens additional 50% tariff on China
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Approved, National, Washington Examiner

Trump threatens additional 50% tariff on China

By Christian Datoc | Washington Examiner President Donald Trump said Monday that he would impose an additional 50% tariff on all Chinese goods if Beijing doesn’t withdraw retaliatory taxes on United States imports. Beijing responded to the president’s “Liberation Day” announcement last Wednesday with a 34% tariff on U.S. goods slated to take effect this week, which prompted Trump to raise the stakes again Monday morning. READ THE FULL STORY AT THE WASHINGTON EXAMINER
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EU offers Trump ‘zero-for-zero tariffs’ on industrial goods with United States
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Approved, Breitbart, National

EU offers Trump ‘zero-for-zero tariffs’ on industrial goods with United States

By Kurt Zindulka | Breitbart EU Commission President Ursula von der Leyen said on Monday that the bloc has offered a “zero-for-zero tariff” trade arrangement on industrial goods with the United States in a bid to avoid a full-on trade war. While the EU chief continued to condemn the reciprocal tariff measures enacted by U.S. President Donald Trump to rectify the long-standing transatlantic trade imbalance, as pressure from the markets began to take shape, Von der Leyen and other top eurocrats expressed willingness to negotiate with the White House. READ THE FULL STORY AT BREITBART
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