A battle is brewing over tariffs among Trump’s team
CNN
President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter.
President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter. In private discussions, aides are still focused on drawing up plans that hew closely to the blanket tariffs Trump proposed as a candidate — 10% on imports from all countries, with a 60% levy on goods from China — while acknowledging that adjustments may need to be made to accommodate political or economic realities, according to three sources. Trump’s aides are exploring enacting tariffs on a subset of critical industries — either in advance of or alongside a broader tariff program — to highlight trade imbalances and spur US manufacturing activity. The discussion is still active, with the contours of the policy in flux, sources noted; no final decisions have been made. The Washington Post was first to report on the selection of a handful of critical industries to consider for a first wave of universal tariffs. Posting on Truth Social, Trump took umbrage with the article’s description that the move would pare back his campaign pledge. “The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back. That is wrong,” he wrote.
President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter.
Meta has named three new members to its board of directors, including Dana White, the Ultimate Fighting Championship chief executive who played a key role in the reelection of his longtime friend, President-elect Donald Trump.
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security grounds to kill the deal, a US official told CNN.
The US government has sued a unit of Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers into unaffordable loans—so customers would buy homes from the company’s manufactured housing business.
The attacker who drove a truck through Bourbon Street in New Orleans used Meta smart glasses to scout the scene ahead of New Year’s Day, according to an announcement from the FBI on Sunday.
Disney’s Hulu + Live TV service and Fubo will merge, creating one of the country’s largest pay TV providers, the companies announced Monday in a surprise deal that will potentially allow the Venu Sports streaming service to move forward.
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.”
President Joe Biden on Monday announced an executive action that will permanently ban future offshore oil and gas development in parts of the Atlantic and Pacific oceans in a way that could be especially difficult for the incoming Trump administration to undo.
On the Sunday after Thanksgiving 2024, six members of Party City’s product development and sourcing teams left New Jersey for their annual trip to mainland China to meet with the company’s suppliers, who make practically everything the party store sells – from the mylar balloons at the front of the store to the aisles upon aisles of birthday, graduation and Halloween party decorations at the back.
As President-elect Donald Trump prepares to take office this month, he faces a very different housing market than he did in his first term.
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.