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threatens new 50% tariffs on China if Beijing doesn’t remove retaliatory duties: Live updates
#TrumpTariffs
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https://x.com/anthonywcalhoun/status/1910024348607643919?s=46&t=D3_fR9ow9OmxxSRySlJ78A
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Sen. Adam Schiff, D-Calif., said he will demand that the White House tell him “who knew in advance” that Trump “was going to once again flip flop on tariffs.” “Are people cashing in? There is just all too much opportunity for people in the White House and the administration to be insider trading, and you can’t put it past them for a minute. So we’re going to try to find out,” Schiff told reporters Wednesday afternoon. Hours before Trump announced he was temporarily lowering his “reciprocal” tariff rates to a baseline 10% for all affected countries except China, he declared, “THIS IS A GREAT TIME TO BUY!!! DJT.” Schiff said he believes that “someone is knowing about these events in advance.” “They may have an hour to know, or they may have a day, but someone knows,” he said. “And the question is, are they trading on that information? Are they profiting while people’s retirement savings are on fire? Are people in the administration making money out of it?” — Kevin Breuninger #TariffNews #insidertrading
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Tariff war updates President Donald Trump dramatically reversed course, dropping his country-specific tariffs down to a universal 10% rate for all trade partners except China. China’s tariff rate will jump to 125%, effective immediately, the White House says. White House advisors claimed the flip flop was always the strategy, suggesting that the past week of massive tariffs that triggered huge market losses was all for show.!!? 😡🤬 Beijing has announced a reciprocal 84% tariff rate on U.S. goods, effective April 10. China issued new travel warnings for its citizens about visiting the United States. #TariffsPause
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The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum. The European Commission, the bloc’s executive arm, said duties would start being collected from April 15. The response package was unveiled last month targeting a range of goods. #TrumpTariffs
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China has responded again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%. China’s Office of the Tariff Commission of the State Council said that tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a translation of the announcement. This comes after the latest U.S. tariff hike — which brings levies on Chinese goods to more than 100% — took effect at the start of April 9.
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