Trump, China and White House
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Bessent, China and tariffs
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The US ambassador to NATO said China needed to be “called out for their subsidizing” of Russia’s war in Ukraine as the Trump administration ratchets up its threat to impose tariffs if Moscow does not agree to a peace deal.
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April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
Under a 2014 deal, called the Enhanced Defence Cooperation Agreement, or EDCA, the U.S. military has access to Philippine bases and sites for joint training and for facilities such as runways, fuel storage and troop housing. The agreement was expanded in 2023 to allow the United States access to nine locations, up from five before.
The U.S. will likely extend its Aug. 12 tariffs deadline for a final trade deal with China as the two sides continue to negotiate, Treasury Secretary Scott Bessent said in a TV interview Tuesday.
"President Xi has invited me to China, and we'll probably be doing that in the not-too-distant future," Trump told reporters in the White House's Oval Office. "A little bit out, but not too distant. And I've been invited by a lot of people, and we'll make those decisions pretty soon."
U.S. President Donald Trump on Tuesday announced a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,
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Agence France-Presse on MSNTrump agrees to small reduction in Philippine tariffsUS President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos.
President Donald Trump’s effort to target China through its trading partners across global supply chains threatens to erode the country’s growth and most of its exports to the US, according to Bloomberg Economics.
Helen of Troy's market value plummets as U.S. tariffs against China continue to hurt El Paso consumer products company's operations.
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Money Talks News on MSNTrump China Tariffs Threaten Major US Supply Chain DisruptionTrump's 145% tariffs on Chinese goods have caused cargo shipments to plummet by up to 60%. Major retailers warn of empty shelves and higher prices as the critical inventory-building period for holiday shopping approaches.