President Donald Trump posted on social media that "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th." Also, "all talks with China concerning their requested meetings with us will be terminated!" he said. "Negotiations with other countries, which have also requested meetings, will begin taking place immediately."
A recent rise in tariffs, export controls and other trade actions will lead to rising prices in semiconductor supply chains, said Sree Ramaswamy, former senior adviser to former Commerce Secretary Gina Raimondo.
Latin American countries are quietly breathing a sigh of relief that President Donald Trump's Liberation Day tariffs are focused primarily on other parts of the world, which may even give the region a comparative advantage.
Ahead of a long night of amendment votes on budget instructions to renew President Donald Trump's tax cuts, Democratic senators highlighted amendments that will say that new tariffs should expire if they raise prices on groceries, new houses and other goods. Those amendments, even if they gain a majority, do not actually change the laws that allowed the tariffs to be levied.
President Donald Trump, from his home in South Florida, posted on social media throughout the day about the global and economic reactions to the tariffs. After the strong job growth numbers from March were released, he wrote, "GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING. HANG TOUGH, WE CAN’T LOSE!!!"
China retaliated against President Donald Trump's reciprocal tariffs with duties of 34% on all U.S. goods, along with new export restrictions on U.S. companies and rare earth metals.
Republicans are not exactly turning against the dramatic tariff actions President Donald Trump is taking, but some are expressing hope that the reciprocal tariffs will be temporary cudgels to liberalize trade, and Senate Commerce Committee Chairman Ted Cruz, R-Texas, acknowledged that the free trade advocates in the Republican Party may not be right about that being where this is heading.
The New Civil Liberties Alliance filed a lawsuit on behalf of paper importer Emily Ley Paper, doing business as Simplified, on April 3 challenging President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose 20% tariffs on all goods from China. Filing suit in the U.S. District Court for the Northern District of Florida, Simplified laid out three constitutional and statutory claims against the use of IEEPA to impose tariffs and one claim that the tariffs violate the Administrative Procedure Act for unlawfully modifying the Harmonized Tariff Schedule (Emily Ley Paper, doing business as Simplified v. Donald J. Trump, N.D. Fla. # 3:25-00464).
With the White House announcing this week the end of the de minimis exemption for goods made in China starting next month, the U.S. will need to have the customs and trade infrastructure in place to handle significantly higher volumes of formal and informal entries, said Bernie Hart, vice president of customs for logistics provider Flexport.
The White House released a pre-publication copy of President Donald Trump’s executive order on reciprocal tariffs, with Annex III to the order detailing Harmonized Tariff Schedule subheadings that will be used for the tariffs that take effect at 12:01 a.m. on April 5 and on April 9.