President Donald Trump got the phone call with Chinese President Xi Jinping he'd been seeking, and Trump wrote on social media that "there should no longer be any questions respecting the complexity of Rare Earth products."
President Donald Trump's announcement that he would double Section 232 tariffs on aluminum, alongside steel, to 50% -- when the vast majority of imported aluminum was duty-free until March 12 -- drew warnings from the largest aluminum trade group.
Commerce Secretary Howard Lutnick, on Fox Business News on June 1, described China as "slow rolling" its de-escalation agreement with the U.S., rather than being in violation of the deal, but said that "we are taking certain actions to show them what it feels like on the other side of the equation."
President Donald Trump said at a press conference in the Oval Office that the U.S. would no longer have an economically viable country if higher courts uphold the rulings from the Court of International Trade and a U.S. district court that he doesn't have unbounded power to hike tariffs under an emergency statute.
President Donald Trump answered a question about auto tariffs for Tesla CEO Elon Musk, as the two stood in the Oval Office May 30.
Correction: Higher country-specific reciprocal tariff rates imposed on some countries April 9 then suspended for 90 days that same day are set to resume effect July 9 (see 2505220009, 2505020060, 2505090006, 2505090061, 2505220008 and 2505010054).
President Donald Trump, after speaking to European Commission President Ursula von der Leyen on May 25, said it would be his "privilege" to give talks between the EU and the U.S. the same runway as other talks to avoid a hike in reciprocal tariffs.
President Donald Trump reacted to a Walmart earnings call that warned prices will go up as a result of recent tariffs, saying on social media: "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!"
Vice President JD Vance, meeting with the European Commission President Ursula von der Leyen, said that "of course, we have some disagreements on things like trade," but that he hopes their conversation "will be the beginning of some long-term trade negotiations and some long-term trade advantages between both Europe and the United States."
While traveling in the Gulf States in the Middle East, President Donald Trump again said that negotiators in his administration don't have time to meet with every country subject to reciprocal tariffs ahead of the 90-day deadline for those tariffs to snap back into place. So, he said, he will be telling some countries what their tariff rates will be in two or three weeks.