US EditionMarkets Wobble As Trump Rejects Dropping China Tariffs Without Deal - NVIDIA (NASDAQ:NVDA), Coinbase Global (NASDAQ:COIN)
- President Donald Trump stated Friday he would not lower tariffs on China.
- This stance follows his policy imposing reciprocal duties to reduce US dependence on China.
- Trump suggested another delay for higher reciprocal tariffs appeared unlikely.
- Markets reacted swiftly; the S&P 500 fell 0.6% Friday.
- His statement increases pressure on countries to negotiate trade agreements with his administration.
14 Articles
14 Articles
Conservative Review
Why tariffs are the key to America’s industrial comeback
On April 2, President Trump announced a sweeping policy of reciprocal tariffs aimed at severing America’s economic dependence on China. His goal: to reshore American industry and restore national self-sufficiency.How can the United States defend its independence while relying on Chinese ships, machinery, and computers? It can’t.Tariffs aren’t just about economics. They are a matter of national survival.But time is short. Trump has just four year…
Markets Wobble As Trump Rejects Dropping China Tariffs Without Deal - NVIDIA (NASDAQ:NVDA), Coinbase Global (NASDAQ:COIN)
Trump maintains tariffs on China, wants substantial concessions to open market for US businesses. Markets react, then recover after remarks.
Duties, something is moving between China and the US: the 'phantom phone' between Xi and Trump, the exemptions (and the Politburo ready for 'extreme scenarios')
While a downward revision of some customs tariffs is underway in Beijing, Trump announces that he has received a phone call from Xi (rather unlikely). And the Politburo communicates the tools ready to fire should the trade war with the United States continue.
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