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Trump, China and tariff

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CBS News |
The stock market slumped again on Wednesday as investors braced for more turmoil amid President Trump's growing trade war, which threatens to raise prices for U.S. consumers and blunt economic growth.
The Boston Globe |
his administration abruptly said it would suspend these higher rates for 90 days, and instead maintain a recently-imposed 10% levy on nearly all global imports.
ABC |
Senate Finance Committee ranking member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced a bill Thursday that would repeal Trump's tariffs.

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Trump tariffs live updates: Trump lowers reciprocal tariffs for 90 days, except China
In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.
Trump says he's raising China tariffs further, pausing reciprocal tariffs for others
President Donald Trump on Wednesday said he is immediately raising the tariffs on Chinese goods to 125% over Beijing’s “lack of respect" toward America.
Stocks soar after Trump pauses "reciprocal tariffs" on most countries for 90 days
The S&P 500, Dow and Nasdaq surged after President Trump said he was freezing his "reciprocal tariffs" for 90 days.
Trump pauses steeper tariffs for most countries, while hiking levies on China. Here’s what we know.
A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.
Trump Backed Down on Tariffs
Just hours after President Trump imposed steep tariffs on dozens of America’s trading partners, he reversed course. The president announced this afternoon that nearly all of his so-called reciprocal tariffs would be paused for 90 days.
Where Trump’s Tariffs Stand Now
Almost every trading partner faces higher tariffs that will drive up prices unevenly on imports.
Trump tariffs live updates: Trump threatens to return to higher tariffs
Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,
The Latest: Treasury secretary says Trump will keep 10% import tariff, raise import tax on China
President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.
Republicans breathe sigh of relief over Trump’s tariff retreat
The surprise announcement was applauded by Senate Republicans when the news was revealed during a closed-door lunch, according to several lawmakers in the room. “It really lightened up the lunch discussion,
National Law Review1h
What Every Multinational Company Should Know About … the Pause in the Reciprocal Tariffs
The recent announcement of a pause in the rollout of reciprocal tariffs has created some confusion — and some hope — for multinationals and importers around the world. While the announcement hopefully presages a bit of calm and the potential lowering of tariffs in what has become a rapidly escalating trade war,
Trump tariffs live updates: Trump decided to pull reciprocal tariffs 'this morning'
White House press secretary Karoline Leavitt confirmed on Tuesday that Trump's threatened additional 50% tariff on China will go into effect early Wednesday, bringing the total tariff rate against Beijing to 104%. "They will be going into effect at 12:01 a.m.," she said.
South Florida business owners feel impact of reciprocal tariffs as prices rise and sales decline
South Florida businesses and consumers are feeling the impact of tariffs​, leading to increased prices and cautious spending.
Trump's 'reciprocal' tariffs take effect, deepening global trade tensions
Trump's punishing tariffs have shaken a global trading order that has persisted for decades and raised fears of a recession.
9 Big Questions About Trump’s New ‘Reciprocal’ Tariffs, Answered
Where does the money collected from tariffs go? How soon will prices rise for consumers? What tariffs are other countries charging on U.S. goods?
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Brazil to be reciprocal on tariffs but will try negotiating first, Lula says
Brazilian President Luiz Inacio Lula da Silva said on Wednesday that his nation will be reciprocal on tariffs announced by the United States, but noted the Latin American country will "use every word for negotiation that is in the dictionary" first.
Hiltzik: No one understands Trump's thinking on tariffs. Here are the top guesses
Trump abruptly reversed course on the "reciprocal" tariffs he had begun to impose on scores of America's leading trading partners and other countries. He dictated a 90-day pause in those tariffs, while simultaneously raising tariffs on Chinese goods to 125% — effectively shutting off the flow in bilateral trade.
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