Trump, tariff
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P resident Donald Trump has announced a 30% tariff for both the European Union (E.U.) and Mexico, with the charges set to come into effect on Aug. 1.
President Donald Trump started his week with the devastating news of deadly floods in central Texas while also negotiating a peace deal with Israeli Prime Minister Benjamin Netanyahu. CNN’s Kaitlan Collins reports on a week that also saw a reciprocal tariffs deadline move to August and questions over who ordered a Ukraine weapons pause.
President Trump announced in a letter posted to social media on Saturday that he would place a 30 percent tariff on goods from the European Union, upending months of careful negotiations and further roiling what is one of the world’s most important economic relationships.
Senate sanctions bill targeting Russia's energy exports with hefty tariffs gains momentum as Trump shifts position on Russia, with Graham teasing presidential support.
6hon MSN
President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
The chair of the White House Council of Economic Advisers said that some countries that are negotiating with the U.S. could see tariffs delayed.
President Trump plans to issue an executive order to extend the pause on his steep, so-called reciprocal tariffs to Aug. 1, White House press secretary Karoline Leavitt said Monday. The pause had been set to expire Wednesday.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
Trump on Wednesday announced a new 50% tariff on copper starting August 1, in a bid to promote domestic development of an industry critical to defense, electronics and automobiles. The White House did not immediately respond to a request for comment.