On April 2 reciprocal tariffs kick in, says Pres. Trump in address to congress Source link
Author: usaeverydaylife
Workers making Care Bears at a factory in Ankang, China.CNBCAs Washington-Beijing trade tensions flare, Chinese manufacturers are scrambling for ways to adjust their supply chains and head off the escalating tariffs.U.S. President Donald Trump’s additional 10% tariffs on goods from China took effect Tuesday, bringing the cumulative new tariffs in just about a month to 20%.The fresh tariffs also came on top of several existing tariffs on Chinese imports, put in place under the Biden administration, including 100% duty on electric vehicles, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.The average effective U.S. tariff…
U.S. President Donald Trump delivers a speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, D.C., U.S., March 4, 2025. Kevin Lamarque | ReutersPresident Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause “a little disturbance,” but maintained it was worth it to reap what he promises will be the eventual benefits of his aggressive trade policy.”Tariffs are about making America rich again and making America great again. And it’s happening, and it will happen rather quickly,” Trump said during the primetime address Tuesday night, the…
Florida’s attorney general on Tuesday opened a criminal investigation into Andrew Tate and his brother Tristan Tate, the British American online influencers who face human-trafficking charges in Romania and Britain, after they arrived in the state last week.Attorney General James Uthmeier of Florida said in a statement on Tuesday that he had directed his office “to work with our law enforcement partners to conduct a preliminary inquiry into Andrew and Tristan Tate.”Mr. Uthmeier said in an exchange with a reporter posted to X that his office had “secured and executed subpoenas and warrants” in the criminal investigation into the Tate…
As alarmed investors continue to respond to potential ramifications of President Donald Trump’s steep tariff action, CNBC’s Jim Cramer laid out some of Wall Street’s major concerns and offered some foresight and his take on how the White House might view the issue.”I make no judgments about whether the Trump administration’s worldview is good or bad; or even right or wrong,” he said. “I just want to put it out there, so you know what you’re getting into if you decide to stay in stocks during what’s becoming a tumultuous phase in our country’s history.”The indexes tumbled during Tuesday’s session,…
Rep. Al Green, a Texas Democrat, was ejected from the House of Representatives chamber Tuesday night after repeatedly heckling President Donald Trump as he gave a speech to a joint session of Congress.Green was removed from the chamber at the order of House Speaker Mike Johnson, R-La., who warned the Texan several times to stop interrupting Trump.Rep. Al Green (D-TX) shouts out as U.S. President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC.Win Mcnamee | Via ReutersGreen, who represents a district from Houston, has previously filed articles of impeachment…
Sydney, AustraliaMichael Dunning | The Image Bank | Getty ImagesAustralia’s economy expanded 1.3% year on year in the fourth quarter, accelerating for the first time since September 2023.The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank of Australia.The country’s statistics bureau said that growth was “modest” but broad-based, adding that “both public and private expenditure contributed to the growth, supported by an increase in exports of goods and services.”On a quarter-on-quarter basis, GDP rose 0.6%, beating expectations of a 0.5% rise from a Reuters…
The major averages slid for a second consecutive day as President Trump’s tariffs on Canada and Mexico went into effect. Here’s what CNBC is watching Wednesday. Source link
The ‘Fast Money’ traders talk the impact of tariffs on the markets as a growth scare takes hold. Source link
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesA federal judge in California denied Elon Musk’s effort to halt OpenAI’s transformation into a for-profit entity, according to a filing on Tuesday.The court said the plaintiffs “failed to meet their burden of proof for the extraordinary relief requested.” However, other aspects of Musk’s lawsuit against the artificial intelligence startup that he co-founded with Sam Altman and others can proceed, the filing said.OpenAI,…
