Trade turnover between China and the US could fall by 80%, according to preliminary forecasts, WTO chief says.
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What did Trump just do?
โ Trump slapped 125% tariff on Chinese goods, effective immediately.
โ Announced a 90-day pause and 10% reciprocal tariff for cooperating countries.
โ Warned China: โRipping off the U.S. is no longer acceptableโ
โ U.S. stocks jumped.
โ Trump slapped 125% tariff on Chinese goods, effective immediately.
โ Announced a 90-day pause and 10% reciprocal tariff for cooperating countries.
โ Warned China: โRipping off the U.S. is no longer acceptableโ
โ U.S. stocks jumped.
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Dividing the global economy into 2 blocs could lead to a long-term reduction in global GDP by almost 7%, warns WTO chief.
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U.S. Treasury Secretary Bessent:
Countries who did not retaliate will be rewarded.
Countries who did not retaliate will be rewarded.
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U.S. Treasury Secretary Bessent:
I am not calling it a trade war, but China has escalated.
I am not calling it a trade war, but China has escalated.
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U.S. Treasury Secretary Bessent:
The tariff pause is not because of market reaction.
The tariff pause is not because of market reaction.
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U.S. Treasury Secretary Bessent:
We are expecting countries to come to us with their best deal. The pause gives us time to make a deal.
We are expecting countries to come to us with their best deal. The pause gives us time to make a deal.
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Clash Report
U.S. stocks are soaring after Trump's 90 day tariff pause announcement.
More than $3.5 trillion was added to the US stock market after the tariff pause.
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U.S. Treasury Secretary Bessent:
The market did not understand Trump's maximum level tariffs.
The market did not understand Trump's maximum level tariffs.
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U.S. Treasury Secretary Bessent:
This was Trump's intention all along.
This was Trump's intention all along.
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Turkish Foreign Minister Hakan Fidan:
We have no intention to clash with any country in Syria, including Israel.
We have no intention to clash with any country in Syria, including Israel.
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Major company stocks after Trump's tariff shenanigans:
Tesla: +13.5%
NVIDIA: +13%
Apple: +11%
Meta: +8.5%
Microsoft: +7.8%
Amazon: +7.5%
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White House Press Secretary:
Many of you in the media clearly missed the art of the deal and clearly failed to see what Trump is doing here.
Many of you in the media clearly missed the art of the deal and clearly failed to see what Trump is doing here.
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Turkish Foreign Minister Hakan Fidan:
Netanyahu is challenging the world with the resources of the United States.
The US must set Netanyahu straight.
Netanyahu is challenging the world with the resources of the United States.
The US must set Netanyahu straight.
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Turkish Foreign Minister Hakan Fidan:
Tรผrkiye and Israel hold technical talks on a deconfliction line in Syria.
Tรผrkiye and Israel hold technical talks on a deconfliction line in Syria.
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Turkish Foreign Minister Hakan Fidan:
Normalization with Israel will not happen until there is a ceasefire in Gaza.
Normalization with Israel will not happen until there is a ceasefire in Gaza.
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Zelensky:
Russia is recruiting Chinese citizens via social media.
We are ready to exchange the Chinese citizens we captured in return for Ukrainian servicemen held by Russia.
Russia is recruiting Chinese citizens via social media.
We are ready to exchange the Chinese citizens we captured in return for Ukrainian servicemen held by Russia.
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