California Governor Gavin Newsom (D) announced that he is seeking to partner with President Donald Trump on the proposed plan to implement tariffs on films made outside the United States.
President Donald Trump announced on May 4, 2025, a 100% tariff on all films produced outside the United States, citing the decline of the American movie industry as a national security threat.
The Trump administration issued a veto threat against a bipartisan resolution that would restrict President Trump's ability to continue his tariff plan.
Chevron CEO Mike Wirth rejected fears of an imminent U.S. recession during a Tuesday appearance on CNBC’s “Squawk Box,” emphasizing long-term investment strategy over short-term economic jitters. While acknowledging a slowdown in economic growth, Wirth maintained there were no current indicators pointing to a recession.
China’s Ministry of Commerce confirmed Thursday that it continues to maintain working-level communication with U.S. trade officials, but renewed demands for Washington to abandon its current pressure tactics. Spokesperson He Yongqian reiterated Beijing’s position during a press conference, stating that while China remains open to economic and trade consultations, the onus is on the U.S. to undo the damage caused by its unilateral tariff policies.
California Governor Gavin Newsom (D) announced that his state is suing President Donald Trump over his tariffs, arguing the duties negatively affect the state.
