The Trump administration had announced tariffs on products from China only to walk back that decision on Friday, issuing an exemption from reciprocal tariffs for smartphones, computers, semiconductors, and other electronic devices — although other tariffs would still apply. But on Sunday, the administration had senior White House trade adviser Peter Navarro and Commerce Sec….
Senior trade adviser Peter Navarro attends an interview with CNN, at the White House, in Washington, D.C., U.S., April 10, 2025. Evelyn Hockstein | Reuters President Donald Trump‘s trade advisor Peter Navarro on Friday encouraged Americans to buy stocks one day after dismissing a steep market drop fueled by fears of a tariff-induced slowdown as…
WASHINGTON (AP) — The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic…
Many of America’s billionaires and millionaires thought they knew how they would profit from a second Trump term: There would be tax cuts and deregulation and an end to bothersome government investigations. In other words, a White House sedulously attuned to their interests. What they didn’t count on, however, was a chaotic and nonsensical tariff…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters Trump tariffs have officially kicked in — and they include a ghastly 104% duty on Chinese imports. Despite growing consternation and…
Shipping containers and gantry cranes beyond a fishing boat near the Yangshan Deepwater Port in Shanghai, China, on Wednesday, Dec. 6, 2023. China’s trade figures are scheduled for release on Dec 7. Bloomberg | Bloomberg | Getty Images In just a few hours, Trump tariffs will kick in — which includes a ghastly 104% duty…
Photo: Scott Olson / Staff (Getty Images) Even the world’s most prominent Trump supporter, Elon Musk, is displeased with the tariffs. Musk, who runs the Department of Government Efficiency (DOGE), spent the weekend criticizing the administration’s top trade adviser, Peter Navarro, and amped up his criticism Tuesday, saying Navarro is “dumber than a sack of…
Elon Musk has made personal appeals to Donald Trump to reverse his new wave of sweeping tariffs, The Washington Post reported over the weekend. As tensions rose over a planned 50% tariff on Chinese imports, Musk turned to social media to voice his opposition — while also trying to influence the president directly. Two people…
U.S. President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a…
Wall Street just got loud and it’s not cheering. Tesla (NASDAQ:TSLA) CEO Elon Musk, Pershing Square’s Bill Ackman (Trades, Portfolio), and hedge legend Stanley Druckenmiller (Trades, Portfolio) are now openly throwing punches at the Trump administration’s tariff plans, warning they could trigger a full-blown market meltdown. What started as scattered criticism has snowballed into a…