May 1, 2026

Trump Tariffs

Musk Signs off from DOGE Life

pgnewser May 29, 2025 0

Elon Musk has announced his scheduled departure from the Department of Government Efficiency (DOGE) will not be altered. He declared on X, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”

His announcement follows his reaction to the current iteration of President Trump’s One Big Beautiful Bill now being considered by the Senate. He wrote about the bill, “I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing. I think a bill can be big or it could be beautiful,” he continued with a smile. “But I don’t know if it could be both.”

Elon Musk announces Trump administration exit, says scheduled time ‘comes to an end’– www.arabianbusiness.com
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A White House official told Reuters that Mr Musk is leaving the administration and his “off-boarding will begin tonight.”

Musk’s 130-day mandate as a special government employee in the Trump administration was set to expire around May 30.

The administration has said Doge’s efforts to restructure and shrink the federal government will continue.

Musk and Doge have cut nearly 12 per cent, or 260,000 people, from the 2.3 million-strong federal civilian workforce through threats of firings, buyouts and early retirement offers, Reuters reported.

Musk’s departure comes after he criticised the price tag of Republicans’ tax and budget legislation making its way through Congress.

US trade court blocks Trump’s sweeping tariffs in blow to trade policies– www.bbc.com

pgnewser May 29, 2025 0

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A US federal court has blocked President Donald Trump’s sweeping tariffs, in a major blow to a key component of his economic policies.

The Court of International Trade ruled that an emergency law invoked by the White House did not give the president unilateral authority to impose tariffs on nearly every country.

The Manhattan-based court said the US Constitution gave Congress exclusive powers to regulate commerce with other nations and this was not superseded by the president’s remit to safeguard the economy.

The Trump administration lodged an appeal within minutes of the ruling.

Markets jump after court rules against Donald Trump’s sweeping tariffs– www.euronews.com

pgnewser May 29, 2025 0

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The court found the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of tariffs.

A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy. The Trump administration filed an appeal, and it was unclear if the White House will respond to the ruling by pausing all of its emergency power tariffs in the interim.

Many of Trump’s double-digit tariff hikes are paused for up to 90 days to allow time for trade negotiations, but the uncertainty over their eventual outcome has stymied businesses and left consumers wary about what lies ahead.

“Just when traders thought they’d seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific,” Stephen Innes of SPI Asset Management said in a commentary.

Trump Pauses EU Tariffs to Give Time to Negotiate a Better Deal for America

pgnewser May 28, 2025 0

Trump delays EU tariffs — but more volatility could be on the way– www.cnbc.com
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Investors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling out 50% tariffs on the European Union, analysts warn.

Trump announced on Sunday that he had agreed to push the rollout of the punitive import duties back to July 9, following a call with EU Commission President Ursula von der Leyen.

The president had initially called for a 50% tariff on EU goods to begin on June 1. He accused the bloc in a social media post of being “very difficult to deal with,” and said trade negotiations with the EU were “going nowhere.”

European stocks rebounded Monday morning, moving into positive territory, after previously sinking on Friday in response to Trump’s fresh tariffs threats.

Von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”

“The EU and US share the world’s most consequential and close trade relationship,” she said. “To reach a good deal, we would need the time until July 9.”

EU plans to ‘fast track’ trade talks with US amid tariff fight– fortune.com

pgnewser May 27, 2025 0

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The European Union said it agreed to accelerate negotiations with the US to avoid a transatlantic trade war, signaling a more amicable approach just days after President Donald Trump criticized the bloc for taking advantage of the US and slow-walking talks.

“There’s now a new impetus for the negotiations,” Paula Pinho, a spokeswoman for the European Commission, told reporters on Monday, a day after Commission President Ursula von der Leyen spoke with Trump by phone. “They agreed both to fast track the trade negotiations and to stay in close contact.”

Following the call, Trump extended the deadline to hit the EU with 50% tariffs by more than a month to July 9 to allow for more negotiations. “We had a very nice call and I agreed to move it,” Trump told reporters Sunday.

Talks so far have been beset with a multitude of problems, with no clear path to finding a middle ground that will appease them both. The Europeans have complained that it’s not clear what the US wants or even who speaks for the American president, and the US has said the EU unfairly targets US companies with lawsuits and regulations.

Trump Tariffs Are Authorized By Emergency Powers Act– thefederalist.com

pgnewser May 23, 2025 0

Trump Tariffs Are Authorized By Emergency Powers Act– thefederalist.com
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You can buy a set of three pads of legal paper, “proudly made in the U.S.A.” by TOPS, for $16.64 (that is, $5.55 per pad). Or go to Simplified and get an imported two-pad set, currently marked down to $22 ($11 a pad).

Simplified is not confident customers are willing to pay much more for its products, so when President Donald Trump put tariffs on China, it went to court to object.

The case was filed in U.S. District Court in the Northern District of Florida, Pensacola Division, on April 3 by Emily Ley Paper, Inc., an upscale stationery website doing business under the name Simplified.

The Trump administration asked to move the case to the U.S. Court of International Trade (CIT). The outcome of that request could make this case an easy win for Trump once the CIT reviews the transfer order.

Trump’s Tariffs Have Not Impacted Prices or Consumer Demand– www.breitbart.com

pgnewser May 22, 2025 0

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Amazon’s CEO Andy Jassy has revealed that the company has not seen significant changes in average selling prices or consumer spending habits based on Donald Trump’s tariff policy. His statements at Amazon’s annual shareholder meeting serves as another nail in the coffin for warnings of economic doom spouted by hysterical Trump haters.

TechSpot reports that in a recent Q&A session at Amazon’s annual shareholder meeting, CEO Andy Jassy addressed growing concerns over how the Trump administration’s tariffs on Chinese imports could affect the e-commerce giant’s business. Jassy stated that, in contrast to warnings from retailers like Walmart and Target about imminent price hikes, Amazon has neither experienced notable increases in average selling prices nor observed any decline in consumer demand.

“We have not seen any attenuation of demand at this point,” Jassy reported to shareholders. “We also haven’t yet seen any meaningful average selling price increases.

Did Trump Surrender U.S. Tariff Negotiating Power with China Deal?

pgnewser May 22, 2025 0

Pro-CCP sites like “Bastille Post Global” are producing a narrative around the recent U.S.-China tariff deal that suggests world leaders should reconsider moving too fast to concede to Trump’s demands on tariffs given China’s “success” in bringing Trump’s initial tariffs to heel with counter-tariffs of their own.

Anonymous analyst “Deep Throat” writes: “The initial breakthrough in US–China trade negotiations has set a precedent, with China’s unwavering stance in the face of Trump’s so-called ‘reciprocal tariffs’ policy serving as a model for other countries in their own tariff talks with the US. China had refused to yield throughout the process and maintained a ‘not backing down’ posture.”

Watch for China’s continued pressure to create a world coalition response to Trump’s tariff actions. It remains to be seen if China’s spin on this deal will look like anything more than bluster. China initially claimed it would not negotiate at all with Trump and would not lower any of its pre-Trump tariff levels, yet ended up doing both in this same deal its trying to spin as a defeat for Trump.

The tables can be turned on China, as other nations might look at what the U.S. has done to bring China to heel, at least in part, and choose to do the same. If Trump were wise, he would be pushing for an anti-China-tariff response from the many nations currently being hammered by Xi’s policies.

Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne– globalnews.ca

pgnewser May 22, 2025 0

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The growing impact of U.S. President Donald Trump’s tariffs is creating “tensions” among members of the G7 heading into a critical summit in Canada next month, the federal finance minister says.

Finance Minister François-Philippe Champagne and Bank of Canada governor Tiff Macklem are chairing three days of meetings with top finance officials from the world’s largest economies in Banff, Alta., this week. The talks are expected to focus on the war in Ukraine and artificial intelligence, and how the G7 members can work together to grow the global economy.

However, Trump’s aggressive trade policies are likely to dominate the proceedings, and could even impact what members can feasibly agree to.

“There’s no doubt that around the table, you need to find unity, but at the same time, it’s true that the tariffs are creating tensions amongst the different partners,” Champagne told Global News in an interview from Calgary on Tuesday.

Trump Cabinet Members Sold Millions in Stock Before Tariff Crash– readsludge.com

pgnewser May 22, 2025 0

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At least two members of Trump’s cabinet sold substantial stock holdings just before and on the day of the president’s surprise April 2 tariff announcement that shook global markets and triggered a $2.4 trillion sell-off. Attorney General Pam Bondi divested millions in assets on the day Trump announced the “Liberation Day” tariffs, while Secretary of Health and Human Services Robert F. Kennedy Jr. sold stocks on the days leading up to it, according to recently filed disclosures with the Office of Government Ethics.

 

Trump Makes Deals with China, UK

pgnewser May 14, 2025 0

In a dramatic shift in the tariff war dynamic, two major deals were announced by Donald Trump, one with the UK and one with China, the latter being even more impactful on the tariff wars than the former.

The UK deal includes a 10% baseline tariff on most imported UK goods still in place but an elimination of UK Steel tariffs and a reduction on UK auto tariffs from 27.5% to 10%. In exchange, the UK will eliminate tariffs on U.S. ethanol and U.S. beef, as well as reductions and eliminations on “U.S. machinery, sports equipment, and other agricultural products.”

The China Trade deal will see China’s import tariff reduced from 145% to 30% for 90 days. In exchange, China will reduce U.S. import tariffs from 125% to 10% for 90 days as well. They will also remove all retaliatory tariffs for 90 days. The deal also included an informal agreement China will work on preventing fentanyl from reaching U.S. shores.

Trump: Trade deal with Beijing will open up Chinese market for US businesses – Apa.az
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U.S. automakers blast Trump’s UK trade deal– japantoday.com

pgnewser May 9, 2025 0

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The Trump administration’s latest trade deal with Britain unfairly penalizes U.S. automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday.

In a sharply-worded statement, the American Automotive Policy Council (AAPC) said the U.S.-UK trade deal “hurts American automakers, suppliers, and auto workers,” according to the group’s president Matt Blunt.

The deal unveiled Thursday between U.S. President Donald Trump and British Prime Minister Keir Starmer lowers the tariff on British vehicles to 10 percent from 27.5 percent on the first 100,000 cars shipped from Britain to the United States.

China Sales To US Drop Amid Donald Trump’s Tariffs War– www.ndtv.com

pgnewser May 9, 2025 0

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China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival.

Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as retaliation for Beijing’s alleged role in a devastating fentanyl crisis.

Tariffs on many Chinese products now reach as high as 145 percent — with cumulative duties on some goods soaring to a staggering 245 percent.

Beijing has responded with 125 percent tariffs on imports of US goods, along with other measures targeting American firms.

Trump administration may half 145% China tariff to 50% next week: Report– timesofindia.indiatimes.com

pgnewser May 9, 2025 0

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The Trump administration is considering cutting the steep 145% tariff on Chinese imports by more than half, possibly as early as next week, as US and Chinese officials gear up for high-level trade talks in Switzerland,

The New York Post

reported, citing sources close to the negotiations.US officials are reportedly weighing a reduction of the levy to somewhere between 50% and 54%, a move aimed at easing tensions as trade negotiations unfold.

China, U.S., Headed to Trade Talks in the Alps

pgnewser May 7, 2025 1

Switzerland will be the home of high-level trade talks between the U.S. and China. These talks will most likely be the opening salvos in a series of talks that will eventually end with a trade deal of substance, or so it is “hoped.”

US, Chinese officials to hold trade talks in Switzerland– Channel News Asia
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Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump’s sweeping tariff rollout, according to statements from both countries.

The talks mark the first official public engagement between the world’s two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January.

Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer will attend the talks in Europe for the United States, their offices said.

Vice Premier He Lifeng will attend for Beijing, China’s Ministry of Foreign Affairs announced.

“Vice Premier He, as the Chinese lead person for China-US economic and trade affairs, will have a meeting with the US lead person Treasury Secretary Scott Bessent,” the Chinese foreign ministry said on Wednesday (May 7).

The USTR announced that Greer would also meet with “his counterpart from the People’s Republic of China to discuss trade matters”, without naming He…

Dow drops 400 points as investors await trade deals, Fed decision: Live updates – CNBC– news.google.com

pgnewser May 6, 2025 0

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  1. Dow drops 400 points as investors await trade deals, Fed decision: Live updates  CNBC
  2. Stock Market Today: Dow, S&P 500 Futures Dip After Wall Street Breaks Winning Streak — Live Updates  WSJ
  3. World shares mostly slip after Wall St breaks its winning streak  AP News
  4. Wall Street wobbles as markets navigate through tariff uncertainty; Fed in focus  Reuters
  5. Stock market today: Dow, S&P 500, Nasdaq slide ahead of Fed decision as tariff fears reemerge  Yahoo Finance

US trade deficit surges to record high in March– www.channelnewsasia.com

pgnewser May 6, 2025 0

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WASHINGTON: The US trade deficit widened to a record high in March as businesses boosted imports of goods ahead of tariffs, which dragged gross domestic product into negative terrain in the first quarter for the first time in three years.

The trade gap jumped 14 per cent to a record US$140.5 billion from a revised US$123.2 billion in February, the Commerce Department’s Bureau of Economic Analysis (BEA) said on Tuesday (May 6).

Economists polled by Reuters had forecast the trade deficit rising to US$137.0 billion from the previously reported US$122.7 billion in February.

President Donald Trump’s sweeping tariffs, including raising duties on Chinese imports to a staggering 145 per cent, fueled a rush by businesses to bring in merchandise to avoid higher costs.

Trump to Meet with Prime Minister of Canada › American Greatness– amgreatness.com

pgnewser May 6, 2025 0

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Good Tuesday morning.

Here is what’s on President Trump’s agenda today:

11:30am THE PRESIDENT greets the Prime Minister of Canada

11:45am: THE PRESIDENT participates in a Bilateral Meeting with the Prime Minister of Canada

12:15pm: THE PRESIDENT participates in a Bilateral Lunch with the Prime Minister of Canada

3:30pm: THE PRESIDENT participates in a FIFA Task Force Meeting

5pm: THE PRESIDENT participates in a Swearing-In Ceremony for the Assistant to the President, Senior Advisor and Special Envoy

Mike Pence Accuses Trump of Hurting Consumers, Cheap Goods That Are a ‘Big Part’ of the American Dream– conservativeroof.com

pgnewser May 6, 2025 0

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Former Vice President Mike Pence said Monday on CNN’s “The Source” that President Donald Trump’s tariffs hurt consumers who want cheap goods.

Pence said, “I do have concerns, that with the president’s call for broad based tariffs against friend and foe alike that ultimately the administration is advancing policies that are not targeted at countries that have been abusing our trade relationship, but rather are essentially new industrial policy that will result in inflation, that will harm consumers and ultimately harm the American economy.”

Host Kaitlan Collins said, “One argument he’s been making lately is that maybe children will have to make do with fewer toys, fewer dolls.”

She asked, “Do you think the American people buy that argument?”