Trump says U.S., Philippines have trade deal
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April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.
U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week in Stockholm and discuss what is likely to be an extension of an August 12 deadline for a deal to avert sharply higher tariffs.
With less than two weeks to go before country-specific tariffs could rise sharply, the Trump administration is drawing a lot of questions about what’s ahead.
Before Trump even took office, experts had warned that his global trade war—imposing tariffs on imports of various goods from various countries in a bid to strike more favorable trade deals for the US— risked spiking prices of popular tech products like laptops, game consoles, and smartphones.
The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs.
This week’s Fresh Take also looks at tariff-proof yaupon tea, an L.A. fire survivor’s insurance nightmare, a farmworker’s death in connection to an ICE raid and more.
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'I Really Don't Want Deals': Donald Trump Slips Up, Accidentally Admits He Just Wants To Force Tariffs On Other CountriesDuring a faith luncheon at the White House several days ago, Donald Trump slipped up and carelessly admitted he doesn't want any trade deals or negotiations and instead wants to unconditionally force tariffs on other countries.