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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.
HuffPost |
Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
Yahoo |
Donald Trump paused some tariffs from going into effect Wednesday, sending ripples through the business community.

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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.
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 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.
Where Things Stand For Trump In Global Tariff Battle
In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks.
Trump’s Tariffs Threaten America’s Status as Energy Superpower
Fractured trade relations and a potential global recession are poised to reduce international sales and domestic output of fossil fuels.
Trump Says He Will Consider Exempting Some U.S. Companies From Tariffs
President Trump said Wednesday that he’s considering granting some U.S. companies an exemption from his tariff program. “There are some that have been hard,” Trump told reporters when asked about companies requesting exemptions.
Behind Trump's decision to pause reciprocal tariffs
What was behind President Trump's abrupt turnaround on tariffs? Margaret Brennan has been working her sources.
US stocks surge after White House pauses some tariffs for talks
The White House said it was backing off on steeper levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on goods from China even further, to at least 125% "effective immediately".
Trump’s top trade official wasn’t informed of tariff delay until after announcement
US Trade Representative Jamieson Greer on Wednesday continued to defend President Donald Trump’s aggressive trade agenda as even higher tariffs went into effect for dozens of countries and trade tensions with China reach a fever pitch.

Trump, tariffs

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Top News
Overview
Impacts
LA Times |
Trump abruptly reversed course on the "reciprocal" tariffs he had begun to impose on scores of America's leading trading partners and other countries.
BBC |
President Donald Trump's tariffs on dozens of countries took effect on Wednesday, including huge 104% duties on Chinese goods.
Wall Street Journal |
U.S. stocks tumbled in midafternoon trading, erasing some of the gains from a historic rally.

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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.
Where Things Stand for Trump in Global Tariff Battle
In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks
'Yippy' and 'Afraid': What to know as Trump reverses course on tariffs
" The moves marked a dramatic reversal after Trump vigorously defended the steep tariffs amid the economic and market upheaval.Start the day smarter. Get all the news you need in your inbox each morning.
See the Trump tariffs list by country
President Donald Trump's tariffs on dozens of countries took effect on Wednesday, including huge 104% duties on Chinese goods. Trump nearly doubled duties on Chinese imports, which had been set at 54% last week,
In stunning U-turn, Trump walks back some tariffs, triggering historic market rally
In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.
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.
U.S. Stocks Tumble as Trade War Jitters Return
The Dow industrials and S&P 500 give back some gains from Wednesday’s historic rally.
Trump tariffs live updates: Trump threatens to return to higher tariffs
President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.
US Allies Greet Trump’s Tariff U-Turn With Relief, and Defiance
America’s trading partners around the globe reacted with a mixture of relief and bewilderment to President Donald Trump’s eleventh-hour decision to pause some of his most aggressive tariffs.
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.
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.
China hikes US tariffs to 125% as trade war with Trump administration escalates
China announced Friday that it will hike tariffs on American imports from 84% to 125% in its latest retaliatory action against President Donald Trump’s tariffs.
Xi Jinping Breaks Silence on US Tariff War
Chinese leader Xi Jinping has broken his silence on the deepening trade war with the United States, saying there will be "no winners." He warned President Donald Trump that China is "not afraid"—and shortly after his statement, Beijing announced reciprocal tariffs of 125% on all U.S. imports.
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German economy to stagnate even if Trump scraps 'reciprocal' tariffs, say forecasters
German economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial U.S. tariffs on steel, aluminium and cars,
Markets Volatile as Trump's Reciprocal Tariffs Kick in | Vantage with Palki Sharma | N18G
Vantage with Palki Sharma | N18G Europeans and Asian markets plunged as Donald Trump's reciprocal tariffs took effect on Wednesday. China, which has been slapped with a 104% tariff, has responded with an 84% reciprocal levy.
The Economist1d
Can Mexico make hay after avoiding the reciprocal-tariff tantrum?
W hILE the tariffs announced on April 2nd were met with panic and consternation around the world, Mexico celebrated. Along with Canada, it was exempted from sweeping “reciprocal” tariffs imposed by the United States. President Claudia Sheinbaum hailed the escape as “good for the country”. The Mexican peso rose, as did the country’s stockmarket.
All about tariffs: Five questions for the ECB
The European Central Bank meets on April 17 with all focus on what tariff chaos means for how much further policymakers will need to cut rates.
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