Following President Donald Trump’s implementation of steep tariffs on Chinese imports, Amazon has reportedly begun canceling direct import orders for products manufactured in China and other Asian nations. The cancellations come in response to Trump’s April 2 tariff hike, which raised import duties on Chinese goods to 125%.
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.
