China escalates trade war against US with 134% tariff hike: ‘It’s become a joke’
The Chinese Communist government did not retreat from the massive tariffs issued by President Donald Trump, and instead slap The United States has a retaliatory tariff of 134%. Trump announced a 90-day suspension on tariffs in other countries, and raised tariffs on China to a total of 145%. World Trade War volatility has led to […]
Walmart, Delta Air Lines face tariff challenges
Larry Kudlow of Fox Business Host discusses the White House's changing strategy for tariff negotiations on “Kudlow.” Walmart pulled out operating profit guidance in the first quarter, but Delta cut its growth plans amid escalation in President Donald Trump's trade war. As the largest private employer in the United States and the dominant force in […]
Sunday Showdown: Trump’s Tariff Turmoil Continues Amidst GOP Budget Battles!
The backlash from President Trump’s new tariff policy continued over the weekend, as his approval ratings dropped and Republicans in Congress worked to advance his domestic agenda. Financial markets experienced a significant decline following the introduction of flat 10% tariffs on all imports, along with steep reciprocal tariffs on numerous countries. However, on Wednesday, the […]
Apple customers scrambling to upgrade iPhones before tariff price hikes kick in: report
Apple customers are reportedly in a hurry to upgrade their iPhones to avoid the expected price hikes pushed by President Trump's tariffs. The looming taxation will collide with a critical portion of Apple's supply chain, including China, where CEO Tim Cook's company still manufactures most of its hardware. Trump has been set to impose a […]
CEO reacts to stock plunge during earnings call amid tariff announcement
RH CEO Gary Friedman responded to the company's inventory after the president announced tariffs and quarterly revenues fell. (Credit: Repair Hardware) The CEO of the furniture company was in the middle of his company's quarterly revenue call on President's Wednesday Donald Trump's The tariff plans were revealed and the executives were caught off guard as […]
Karoline Leavitt Says Administration Already Finalizing First Of Likely Many Tariff Deals
White House press chief Caroline Leavitt said on Fox News on Friday that the tide was in favour of President Donald Trump's economic and trade strategy. “Hannity” host Sean Hannity mentioned over 75 countries “I want to come to the table to deal with it.” “We're told that deal number one has ended. Is that […]
Democrats rail against Apple after Trump unveils electronic tariff exemption
Democrats have denounced the Trump administration, who allegedly supported sector-specific businesses by giving them the ability to bypass fallout from tariffs with Saturday's exemption from electronic devices from “mutual” tariffs imposed on countries around the world, including China. Smartphones, computers, routers and semiconductor chips have all been ruled out from the rise in the president's […]
Yellen slams Trump tariff agenda as ‘worst self-inflicted policy wound'
Former Treasury Secretary Janet Yellen placed emphasis on the Trump administration's trade war on Friday evening, blowing up the latest rollout of import taxes on almost every trading partner of President Trump. “This is the worst self-harm scar I've ever seen in my career given to our economy,” she told CNN's Anderson Cooper in an […]
Gold’s record climb still has legs even with tariff volatility
George Milling-Stanley, chief gold strategist at State Street Global Advisors, says 40% of the gold in the last 12 months still have feet. This is why. Gold reached a fresh record of $3,139.90 for a ounce this week after crossing the $3,000 mark for the first time in March. President Donald Trump's tariff rollout hurt […]
Karl Rove urges Trump to avoid tariff ‘happy talk’ amid economic uncertainty
The role of longtime Republican operatives and Fox News contributor Carl has urged President Trump and his administration to avoid “happy talk” about tariffs amid uncertainty over the country's economy. “Remember, one of the problems we had under Biden was that we talked about happy things. 'Bidenomics is at work' and people didn't believe it. […]