China deadline avoids passing 50% extra fee
The deadline president has given China to withdraw retaliatory tariffs.
Trump wrote yesterday about his true social platform. If China does not already outweigh long-term trading abuse by April 8, 2025 by 34%, the US will impose additional tariffs on 50% of China on April 9. Furthermore, all talks with China over the requested meeting with the US will conclude.
The US embassy in China said yesterday that it would not fall under pressure or threat to an additional 50% tariff. “We have emphasized many times that putting pressure or threatening China is not the right way to engage with us. China will firmly protect its legitimate rights and interests,” Embassy spokesman Liu Pengyu told Agence France-Presse.
Share
Important Events
Shows key events only
Please turn on JavaScript and use this feature
Italian Prime Minister Giorgia Meloni travels to us next week for a customs meeting with Trump
Italian Prime Minister Giorgia Meloni will travel to the US next week to talks about tariffs with Donald Trump on April 17, her office said Tuesday.
Meloni faces acts of diplomatic balancing under pressure to protect an Italian export-focused industry as she is a Trump ally.
Italy last year operated the third largest trade surplus in the European Union with the US after Germany and Ireland.
The prime minister called Trump’s decision on tariffs a mistake, but warned that EU measures could expand the trade war and called for negotiations to mitigate the crisis.
European Union countries face 25% import duties on steel, aluminum and automobiles, and say that 20% tariffs on almost all other goods based on Trump’s policy impose a major barrier to US imports.
The EU minister agreed that negotiations should be prioritized, but the bloc is set to approve the first retaliatory action this week.
Share
Updated with 12.41 EDT
The Supreme Court blocked a ruling from a federal judge in California. It ordered the Trump administration to rehire thousands of fired federal workers who were in the probationary stage.
The court’s order said the nonprofit that sued to challenge the shooting had no position in the lawsuit. “The district court injunction was based solely on the claims of nine nonprofit plaintiffs in this case,” the order states. “However, under established law, these claims are currently insufficient to support the organization’s position.
Share
China deadline avoids passing 50% extra fee
The deadline president has given China to withdraw retaliatory tariffs.
Trump wrote yesterday about his true social platform. If China does not already outweigh long-term trading abuse by April 8, 2025 by 34%, the US will impose additional tariffs on 50% of China on April 9. Furthermore, all talks with China over the requested meeting with the US will conclude.
The US embassy in China said yesterday that it would not fall under pressure or threat to an additional 50% tariff. “We have emphasized many times that putting pressure or threatening China is not the right way to engage with us. China will firmly protect its legitimate rights and interests,” Embassy spokesman Liu Pengyu told Agence France-Presse.
Share
South Korea’s representative president, Han Duck So, said his country would not unite with other countries like China to oppose the tariffs imposed by President Trump.
“I don’t think that such a counterattack will dramatically improve the situation,” he said in an interview with CNN. “I don’t think it’s really beneficial for the three of us, especially South Korea,” he added that South Korea “clearly wants to negotiate” with Washington.
Sharemarina Dunbar
Trade Representative Jamieson Greer defended the Trump administration’s decision to apply 10% tariffs to Australia despite the free trade agreement, citing the US ban on importing beef and pork.
“We should improve our scores in Australia,” Greer said at today’s hearing. “Despite the agreement, they’re banning our beef and banning our pork.”
Greer also told the senators that negotiations with countries that President Trump announced last week to lower mutual tariffs would progress from country to country to country.
Share
After dodging the question first, Greer argues that it is the companies that carry the “short-term pain” that stems from Trump’s tariff policies that are more dependent on imports from China and Asia than ordinary Americans.
Share
Back at Greer’s Senate hearing, he was asked to speak to Australia. [you guessed it] “Non-tariff barrier to trade.”
Greer, yes, the US imports a lot of beef from Australia, whereas Australia doesn’t need anything.
He also highlights the pork he says that Australia is blocking “on concrete false science grounds.”
Share
Treasury Secretary Scott Bescent says he expects a massive transaction “very quickly” on tariffs
This morning, Treasury Secretary Scott Bescent said he expects some large-scale deals “very quickly” in connection with Donald Trump’s latest tariff announcement.
NewsNation reports that Bessent told reporters.
One of Vietnamese officials is here this week. Japanese people want to overcome it. I think you’ll see some large trading partners doing business very quickly.
His comments saw stocks gather at the Wall Street Open as traders appear to be hoping that some of the tariffs announced last week will be negotiated.
Share
Updated with 11.25 EDT
US Trade Representative Greer is exempt or exempt from tariffs that are not expected in the short term.
Back at Greer’s Senate hearing, Greer says Donald Trump’s global tariff exemption is not expected in the near future.
The president once again makes clear that he has not made any short-term exemptions or exceptions.
Greer said in the process that “Swiss cheese” undermines the trade interaction goals.
Trade officials overseeing the implementation of tariffs said there is no specific timeline for trade negotiations.
Share
Updated with 11.10 EDT
Hugo Lowell
It’s a little bit away from the Senate hearing in Greer.
Mike Howell, head of the so-called surveillance project for the Conservative Heritage Foundation, is expected to advance the theory of inflammatory conspiracy before the Senate Judiciary Committee, which is invalid because the pardon signed by Joe Biden was signed by Autopen.
Snipe targets Sen. Adam Schiff, who has been preemptively pardoned for his work on the House Committee’s investigation into the January 6 Capitol riots, as Howell calls it.
In arguing that Schiff’s pardon was invalid, Howell raised the conspiracy theory that the former president was mentally disabled, mentally disabled to sign pardons, and unaware of the documents he supports.
The Autoopen feature uses an actual pen to copy the actual signature. Presidents, including Trump, have been using autopens for decades, and the Justice Department said in a memo 20 years ago that the president could instruct his aides to “stick his signature” to the bill.
But Howell relied on concerns about Biden’s age and mental vision, and last month launched a campaign that questioned the legitimacy of the former president’s executive actions.
After the Missouri Attorney General wrote in a letter asking whether Biden was capable of signing pardons and executive orders, Howell sparked a right-wing frenzy with X’s conspiratorial post.
Howell is expected to incite the flames of the idea that Deep State Cabal secretly ran the country on Biden’s behalf before the Senate Judiciary Committee.
However, there is no evidence that Biden does not have the mental ability to sign executive actions or that they are not permitted.
Share
Updated with 11.07 EDT
Greer told the senator that China did not want to work towards trade reciprocity.
Unfortunately, China appears to have chosen its own path to accessing the market over the years. They chose to announce retaliation, but other countries did not. Other countries want to find a way to reciprocity. China isn’t saying that, and we will see where it goes.
Share
Greer will be called his Indian counterpart to discuss India’s “significant non-tariff barriers.”
In answering the question, Greer says yes, he will try to include commitments in consultations with India on issues such as intellectual property, technical barriers to trade-based agricultural rules, and science-based agricultural rules.
Share
Updated with 11.08 EDT
Greer says the administration is seeking more market access in Japan when it comes to agriculture and “in terms of structural obstacles to some.” [US] Industrial products from a standard and regulatory perspective.”
Share
Updated with 10.48 EDT
Greer says nearly 50 countries, including Argentina, India, Vietnam and Israel, have personally approached him to discuss Trump’s tariff policy and begin negotiations to reduce tariffs in the US.
Share
US trade representative Jamieson Greer testified before a Senate committee on Donald Trump’s trade and tariff policies.
US trade representative Jamieson Greer testified before the Senate Finance Committee on Donald Trump’s trade and tariff policies.
Jamieson Greer told the Senate that it hears the US trade deficit is a “economic and national security emergency.” Photo: Kayla Bartkowski/Getty Images
Greer said Trump imposed tariffs to address the “emergency” of the “large” US trade deficit. He calls the deficit an “economic and national security emergency” and adds, “We cannot ignore it.”
He said, “The higher tariffs imposed on the United States by other countries; [there’s that phrase again] Non-tariff measures that promote exports of other countries, interfere with US exports, and interfere with other foreign economic policies that overproduce and degrade US manufacturing capabilities.
He said it is “common sense” to focus on these “metrics” of these “incompatible trading terms.”
As an example, he cited the EU-shell trade. “The EU can sell us all the shells they want,” he says, “but the EU bans shells from 48 states. The result is a shellfish trade deficit with the EU.”
Share
Updated with 10.41 EDT
Update from Reuters on Saudi Arabia’s Prince Faisal bin Fahan Al Saud’s visit to Washington today – the official visit aims to plan Donald Trump’s expected trip to the kingdom later this spring.
Prince Faisal will also discuss the status of the Houtis in Gaza and Yemen at a meeting with US government officials, sources said.
The trip was scheduled prior to last week’s US tariff announcement, sources added.
Reuters reports that Trump is planning to visit Saudi Arabia. May plans to sign an investment agreement for what will be his second term’s first foreign trip, with stops planned in Qatar and the United Arab Emirates.
Trump has halted Saudi Arabia and Israel from their first halt on his first foreign trip during his first term in 2017.
During a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House on Monday, Trump once again raised a highly controversial proposal for the US to take control of Gaza. The plan has been criticized worldwide by Saudi Arabia.
In Yemen, where Saudi Arabia is adjacent to the south, the US has launched airstrikes on the Houtsis lined up in Iran to end the group’s attacks on shipments in the Red Sea. Airstrikes are the largest US military operation in the Middle East since Trump took office in January.
Share
Source link
