An April 15 executive order from President Donald Trump calls for examining the impact of importing higher volumes of prescription drugs to lower prescription drug costs in the U.S.
President Donald Trump was set to join talks at the White House with Japan April 16 “to negotiate Tariffs, the cost of military support, and ‘TRADE FAIRNESS,’” he said in a Truth Social post earlier in the day. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were also set to attend, he said. “Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!”
The Trump administration's decision to pause most reciprocal tariffs on April 9 was a "well-planned move" and not a reaction to the bond market, National Economic Council director Kevin Hassett said in an interview with CNBC April 10.
President Donald Trump said that the 10% universal tariff rate that he imposed on April 2 is not necessarily permanent, depending on what other countries are willing to give the U.S. in return for removal.
President Donald Trump’s April 8 executive order that raised the reciprocal tariff on China to 84% also increased tariffs applicable to postal shipments.
The potentially competing objectives of President Donald Trump's April 2 tariffs could mean that they won't go away anytime soon, experts suggested during an event hosted by the Bipartisan Policy Center.
Israeli Prime Minister Benjamin Netanyahu, at a joint press conference at the White House with President Donald Trump, told reporters: "I said to the president, we will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do. And we're going to also eliminate trade barriers, variety of trade barriers that have been put up unnecessarily.
White House Council of Economic Advisers Chair Stephen Miran is defending the formula used to impose reciprocal tariffs -- taking the trade deficit, dividing it by the amount of exports to a country, and dividing the result in two.
Correction: The list of products exempt from reciprocal tariffs doesn’t include furniture or cabinets, despite those products’ inclusion in the Section 232 report on lumber (see 2504020072).
President Donald Trump, in interviews with "Meet the Press" over the weekend, said a 25% tariff on purchasers of Russian oil could happen at any moment if he decides Russia is the impediment to peace in Ukraine.