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How Trump changed his mind on tariffs +2 Peter Nicholas, Garrett Haake and Carol E. Lee Reporting from Washington <a href=https://mgmarket10-at.ru>megalinks at</a> “Liberation Day” gave way to Capitulation Day last night. President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order. Image: President Donald Trump Saul Loeb / AFP - Getty Images Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony. <a href=https://mgmarket20.ru>mgmarket2.at</a> The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans. Read the full story here. 32m ago / 12:55 PM GMT+3 Sharesocial share icon trigger China's foreign ministry calls the U.S. a '21st century barbarian' Peter Guo Reporting from Hong Kong China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.” Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post. <a href=https://mgmarket4at.su>mgmarket6.at</a> “A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world.” 47m ago / 12:40 PM GMT+3 Sharesocial share icon trigger EU welcomes 90-day tariff pause Peter Guo The EU President Ursula von der Leyen said today that the region welcomes Trump’s announcement to pause tariffs for 90 days. Von der Leyen said the EU remains “committed to constructive negotiations” with the U.S., according to a statement from her office. Meanwhile, Europe continues to focus on diversifying their trade partnerships, engaging with countries that account for 87% of global trade, she said. Trump’s tariffs have shown that the European internal market is the region’s “anchor of stability and resilience” in times of uncertainty, von der Leyen added. 1h ago / 12:27 PM GMT+3 Sharesocial share icon trigger Trade war with China 'to spark a wave of smuggling' Peter Guo Reporting from Hong Kong <a href=https://mgmarket13.ru>mgmarket2 at</a> Irregular trade including smuggling will most likely rise amid the U.S.' and China's tit-for-tat tariffs, an economist warns. The cost of tariffs has become “prohibitive to almost every company,” Tianchen Xu, senior economist at Economist Intelligence Unit. “As a result, trade flows in both directions will tumble, and irregular trade will proliferate, including smuggling, transshipment and systemic under-reporting of trade value during customs clearance,” Xu said in a note. Xu said trade negotiations and a partial de-escalation in the ongoing trade war may ensue in the coming months, but those tensions are likely to worsen in the short term between the world’s two largest economies. 1h ago / 12:09 PM GMT+3 Sharesocial share icon trigger California plant business owner says costs will double with tariffs Gadi Schwartz and Phil Helsel The owner of a California home decor and plant shop said that even in dealing locally, the sourcing of goods from China is impossible to avoid. mgmarket3 at https://mgmarket3at.ru

Trailer trucks queue to cross into the United States at the Otay Mesa Port of Entry, in Tijuana, Mexico, November 27, 2024. Jorge Duenes/Reuters New York CNN — <a href=https://blacksprut2rprrt3aoigwh7zftiprzqyqynzz2eiimmwmykw7wkpyad.at>СЃРїСЂСѓС‚</a> Since President Donald Trump won the election in November, businesses across the globe have been bracing for higher tariffs — a key Day One promise the president made. But over a week into his presidency, Trump has yet to enact any new tariffs. <a href=https://blacksprut2rprrt3aoigwh7zftiprzqyqynzz2eiimmwmykw7wkpyad.com>bsme.at</a> That could change, come 11:59 p.m. ET on Saturday — the deadline Trump set for when he says he will slap 25% tariffs on all Mexican and Canadian goods and a 10% tariff on all Chinese goods. The tariffs, he said, will be imposed as a way of punishing the three nations, which Trump claims are responsible for helping people enter the country illegally and supplying fentanyl consumed in the US. Speaking to reporters from the Oval Office on Thursday, Trump said he meant business, especially with his tariff threats on Mexico and Canada. White House Press Secretary Karoline Leavitt also confirmed on Friday that Trump will levy the 10% tariff on China on Saturday. <a href=https://bsme.art>blackspfgh3bi6im374fgl54qliir6to37txpkkd6ucfiu7whfy2odid onion</a> Should these threats be believed? Yes and no, said Trump’s former Commerce Secretary Wilbur Ross. blackspfgh3bi6im374fgl54qliir6to37txpkkd6ucfiu7whfy2odid onion https://blacksprut2rprrt3aoigwh7zftiprzqyqynzz2eiimmwmykw7wkpyad.org The threat of blanket tariffs is likely being overstated, Ross said in an interview with CNN. “There probably will be exclusions, because there are some goods that just are not made here, will not be made here, and therefore, there’s no particular point putting tariffs on.” Ross, who was one of a handful of initial cabinet members in Trump’s first administration who kept their position for the entire four-year term, said he advocated for such exclusions when he advised Trump on tariff policies. <a href=https://btrhbfeojofxcpxuwnsp5h7h22htohw4btqegnxatocbkgdlfiawhyid.shop>bsme at</a>

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