The U.S. trade war with China just got kicked up another notch.
The White House on Wednesday proposed a 25 percent tariff on $200 billion worth of Chinese goods, more than double the 10 percent tax rate originally planned.
U.S. trade representatives are trying to re-engage China in trade talks to de-escalate tensions between the two countries. Advisers reportedly told President Trump that China's authorities would be more likely to yield if higher tax rates were imposed.
Last month, the administration imposed a 25 percent tariff on $34 billion worth of Chinese goods, mostly machines and components. When Beijing immediately retaliated, Trump proposed additional taxes on $200 billion in importsーthis time affecting more consumer goods like furniture and computers.
Raising the proposed tax rate on those goods means extending the deadline for public comment on the plan from August 30 to September 5.
Starting next month, the Education Department says student loans that are in default will be referred for collections.
President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate.
For years, President Donald Trump has complained that colleges and universities are “indoctrinating” their students with “radical left” ideas.
President Donald Trump’s attempt to fire nearly everyone at the Consumer Financial Protection Bureau has been paused by a federal judge.
A federal judge who ordered the Trump administration to stop blocking The Associated Press’ from presidential events refused Friday to take more steps
Marjorie Taylor Greene bought some high profile stocks last week as other investors were bailing out of the market.
Undeterred by a stock market collapse that has continued for days, President Donald Trump threatened additional tariffs on China on Monday.
If voters turn against the duties, that could make it harder to keep them for the length of time needed to encourage companies to return to the U.S.
Noted economist Arthur Laffer warns in a new analysis President Donald Trump’s 25% tariffs on auto imports could add $4,700 to the cost of a vehicle.
A magazine journalist’s account of being added to a group chat of U.S. national security officials has raised questions about the Signal app.
