Senator John Kennedy (R-LA) declared Wednesday that President Donald Trump has already “won” in the ongoing global trade disputes, thanks to his assertive tariff strategy. Kennedy made the comments during a segment on MSNBC’s Morning Joe, citing the willingness of numerous countries to negotiate as evidence of Trump’s leverage.
President Donald Trump announced a sweeping series of tariffs last Friday, sparking strong reactions over the weekend from markets, media, and political observers. The move caused a sharp dip in the stock market and raised concerns about short-term economic turbulence, but Trump and his allies argue the long-term goals are critical for national security and economic sovereignty.
In a surprising development that underscores the Trump administration’s tough stance on trade loopholes, two remote Antarctic territories—Heard Island and McDonald Islands—have been included in a list of regions subject to a 10% U.S. tariff.
Taiwanese President William Lai Ching-te is pushing for zero tariffs and deeper trade cooperation with the United States in response to new tariffs announced by President Donald Trump. Trump’s move slapped a 32% tariff on nearly all Taiwanese exports except semiconductors, sparking sharp criticism from Taipei and setting the stage for major shifts in U.S.-Taiwan trade policy.
Jaguar Land Rover (JLR), the UK-based luxury car manufacturer owned by India's Tata Motors, has announced a temporary halt on shipments of its British-made vehicles to the United States.
President Donald Trump praised Britain’s current leadership for maintaining a constructive relationship with the United States amid sweeping new tariffs.
Wall Street suffered its worst collapse since the COVID-19 pandemic on Friday after China matched President Donald Trump’s sweeping tariff increases, triggering fears of a deepening trade war. The S&P 500 plunged 6 percent, the Dow Jones dropped 2,231 points, and the Nasdaq shed nearly 6 percent—marking the worst weekly decline since March 2020.
California Governor Gavin Newsom (D) has called for the state to pursue "strategic" relationships with world leaders, urging them to make a retaliatory tariff exception for California exports.
In a notable challenge to President Donald Trump's trade policies, the Senate passed a resolution on April 2 aiming to terminate the emergency declaration that facilitated tariffs on Canadian imports.
