Tom Howell Jr.

Trump forges ahead with 104% tariff on China, no delay in reciprocal tariffs

President Trump will not pause or postpone hefty tariffs that target dozens of countries, and massive new levies on China will take effect at midnight Tuesday, the White House said, sending global markets and negotiations into uncertain territory.

April 8, 2025

‘The situation is urgent’: Trump trade rep tells Congress tariffs will go full steam ahead

President Trump's tariff plan is a "drastic overdue change" that will pry open foreign markets for U.S. companies and create an economy that produces real goods and solid jobs for Main Street America, the U.S. trade representative told Congress on Tuesday.

April 8, 2025

Stock markets rebound amid tariff turmoil; Trump signals he’s ready to make deals with some nations

U.S. stocks rebounded Tuesday morning as the markets adjusted to the new reality under President Trump's tariff plans and investors hoped for bilateral deals that could reduce trade barriers.

April 8, 2025

China says it ‘will not flinch’ in trade fight with U.S.

China will fight "to the end" if the U.S. presses forward with its tariff plans and a trade war erupts, a top official said Tuesday.

April 8, 2025

Tariffs target trade deficits, not direct duties on U.S.

President Trump's "reciprocal" tariffs are based on trade deficits rather than the tariffs imposed on U.S. goods by other countries.

April 7, 2025

Trump threatens 100%-plus tariffs on China as trade battles intensify

President Trump threatened to impose more hefty levies on Chinese goods Monday, signaling tit-for-tat escalation with an economic superpower, while Wall Street investors puzzled over his tariff plan and sent stocks on a roller-coaster ride for a third day.

April 7, 2025

Parents demand Congress finish the job on the fentanyl-scheduling bill

Grieving parents are urging Capitol Hill leaders to put the final stamp on fentanyl-scheduling legislation that's attracted bipartisan support in both chambers but is languishing in the House.

April 7, 2025

Trump tells China to back off retaliatory tariffs, warns of higher levies

President Trump on Monday warned China to back off its retaliatory tariffs or face even more massive levies on its goods.

April 7, 2025

Down, up and down again: Wall Street sees tumultuous third day of trading over tariff plan

Wall Street entered a third day of roller-coasting trading following President Trump's decision to impose massive reciprocal tariffs over trade imbalances and his weekend refusal to back off the plan.

April 7, 2025

Global stock markets convulse over Trump tariff turmoil; U.S. stocks open in bear market

Global stock markets sank lower Monday because of the turbulence around President Trump's tariff plan, as world leaders toggled between defying the White House's actions and signaling they are willing to negotiate with the U.S.

April 7, 2025

Trump White House stands by tariffs in the face of global pushback

White House officials said Sunday that President Trump will not pause the new tariffs his administration imposed on imports as part of his push to reshape global trade.

April 6, 2025

Trump sees progress with Vietnam, carmakers as tariff plan takes hold

China added a 34% tariff on U.S. goods, and markets plummeted again Friday, but Vietnam had a "very productive call" with President Trump about lowering its trade barriers as the second-day fallout from his global trade crackdown unfolded.

April 4, 2025

Trump says he had positive call with Vietnam, a supply-chain alternative to China

Turns out, President Trump might be willing to wheel and deal on trade restrictions despite the White House's assertion that the tariff plan is not a negotiating tactic.

April 4, 2025

Former Goldman CEO says Trump should delay reciprocal tariffs

Former Goldman Sachs CEO Lloyd Blankfein says President Trump should delay the reciprocal tariffs on select nations while keeping the baseline 10% tariff on all nations.

April 4, 2025

The pushback begins: China imposes 34% tariff on U.S. goods

China is slapping a 34% tariff on goods it imports from the U.S. in direct retaliation for President Trump's sweeping trade crackdown.

April 4, 2025

White House defends tariff plan amid global leaders’ uproar, Wall Street crash

Wall Street stocks cratered and global leaders on Thursday condemned President Trump's new tariffs as "brutal and unfounded" as the White House stood behind its plan to tax imports across the board.

April 3, 2025

Sen. Chris Murphy rips Trump for using tariffs to gain fealty from private industry

With the world assessing the fiscal fallout from President Trump's bold tariff plans, Sen. Chris Murphy is bashing him by saying the levies aren't about economics at all.

April 3, 2025

Markets nosedive as investors digest Trump tariff plan; Dow drops 1,200 points

Stocks on Wall Street plummeted Thursday as investors weighed President Trump's aggressive tariff plan and the potential risk of a global trade war.

April 3, 2025

Trump orders closure of loophole on Chinese shipping on May 2

President Trump issued an executive order Wednesday that shuts down a loophole Chinese shippers use to send low-value goods straight to U.S. consumers.

April 3, 2025

Vance points to Main Street’s enthusiasm for risky tariff plan

President Trump is raising tariffs to make it harder to ship Americans' jobs overseas, Vice President J.D. Vance said Thursday, arguing the "globalist" economy pushed by former presidents was a failure that awarded elites and other nations.

April 3, 2025