Trump, Liberation Day and tariffs
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CBS News |
Another trading partner, the EU, has vowed to retaliate as well if Mr. Trump's tariffs go into effect next week as planned.
Reuters |
The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump's 2017 tax cuts and sharply reduce government spendin...
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President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
The US began collecting a 10% "baseline" tariff on all imports on Saturday as President Donald Trump urged Americans to "hang tough" after market turmoil. The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table.
The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday,
President Trump on Saturday took a victory lap over the sweeping new tariffs he levied on nearly all foreign trading partners, claiming the end result will serve as an “economic