A federal court has blocked the majority of President Donald Trump's "Liberation Day" tariffs, ruling that he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
French President Emmanuel Macron and Chinese President Xi Jinping have agreed to expedite efforts to resolve the ongoing dispute over Chinese tariffs on French cognac exports.
President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
At his second cabinet meeting during his second term, President Donald Trump declared that U.S. tariffs are directly responsible for nearly $8 trillion in investment commitments, emphasizing the economic impact of his trade policy during his first 100 days in office.
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.
Former Treasury Secretary Janet Yellen dismissed former President Donald Trump’s America First manufacturing agenda as a “pipe dream” during an interview on CNBC Monday. Her remarks come just days after Nvidia, a major U.S. tech firm, announced a $500 billion investment in American-based AI supercomputer manufacturing.
President Donald Trump dismissed China's latest retaliation in the ongoing tariff battle — a reduction in the number of American films allowed in the country — with humor and confidence. During a Cabinet meeting Thursday, Trump brushed off concerns that Beijing is now targeting cultural exports, particularly Hollywood.
President Donald Trump’s bold tariff strategy is shifting the global trade landscape. Over 75 countries are now actively pursuing negotiations with the United States—many of which had previously refused to engage.
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.
