Trump announces semiconductor chip tariffs on foreign electronics
WASHINGTON – President Trump said on Sunday he would announce tariff rates on imported semiconductors next week, adding that some companies in the sector are flexible. The president’s pledge means that the exclusion of smartphones and computers from his mutual tariffs on China is likely to be short-lived as Trump tries to reset trade in […]
Comedian Theo Von issues warning about not giving Trump tariffs a try
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O'Leary knocks mixed messages on Trump tariffs: 'That’s got to get cleaned up'
“Shark Tank” investor Kevin O’Leary urged the Trump administration to clarify its tariff policy by saying the mixed message from the White House is “confusing.” “It’s a bit confusing in terms of not getting a consistent message from the administration, and I’ll admit that’s the problem,” O’Leary told Fox Business Network’s Stuart Varney in an […]
SNL Takes a Hilarious Jab at Trump’s Tariffs in Easter Cold Open: ‘Stock Market Did a Jesus!’
“Saturday Night Live” poked fun at President Trump's tariffs in an Easter-themed cold opening, claiming that the US stock market “doesn't respond positively.” Opening scene The sketch was a parody of “Pure Temple,” featuring Jesus, portrayed by Mikey Day, declaring he would dismantle the “all money” temple in Jerusalem. Trump, enacted by James Austin Johnson, […]
Levi Strauss CEO says price hikes due to Trump’s tariffs would be ‘surgical’
Steve Yates of the Heritage Foundation on trade tensions between President Trump and China, trade negotiations with Japan, and trade tensions between auditors claiming breach of CK Hutchison's contract regarding the Panama Canal Port business. Levi Strauss & Co. CEO Michelle Gass said the prices the company makes will be “surgical” due to the tariffs […]
SAP Takes Crown from Novo, Trump Signals More Targeted Tariffs | The Opening Trade 03/24
German software developer SAP unseated Danish weight-loss drug maker Novo Nordisk as Europe’s most-valuable public … source
China strikes back, raising tariffs on US goods from 84% to 125%
China on Friday returned to President Trump's latest tariff hike, raising its own rate against the US to 125% as it chuckled its trade policy as “joking” in a scathing statement. The national move to raise tariffs on US imports from 84% to 125% marks a third retaliation as tensions between the two trading partners […]
What Wall Street bigwigs think about stocks now that tariffs are paused
Hours before President Trump suspends the global tariff war on Wednesday, he had a message to investors on social media. He was right – news of a suspension on mutual tariffs soared the Dow that day nearly 3,000 points. But a day later, a third of these profits were wiped out, with 10% levied remaining […]
China’s central bank urges state banks to reduce US dollar purchases amid new tariffs
Senator Rand Paul, R-Ky. has unraveled President Donald Trump's dispute over tariffs on “Kudrow.” China's central banks do not allow a significant drop in the yuan, urging major state banks to reduce their purchases of US dollars. Orders from Chinese officials come when the yuan faces heavy downward pressure amid dramatic additional tariffs on Chinese […]
China is hiking tariffs on US imports from 34% to 84%
Treasury Secretary Scott Bessent is responding to China, which imposes a tariff of 84% on US goods, and a potential backup plan for a company that appears to be “closing” in light of the Chinese economy and tariffs. China is currently increasing tariffs on US imports from 34% to 84% in response to President Donald […]