Notifications can be managed in browser preferences.
Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
President threatened to ramp up levies against China to 50 percent in latest act of trade war aggression
President Donald Trump looks set to stand by sweeping tariffs imposed on some of the United States’ largest trading partners.
While the measures caused a wild day of ups and downs on the U.S. stock market, indices in Asia were largely trading up as of Tuesday morning local time, with state-linked funds in China buying up assets and Beijing’s central bank promising loans to stabilize the market.
Trump confirmed his administration was “not looking at” pausing the tariffs during an Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu, claiming they would make the United States “rich.”`
That confirmation arrived hours after a rumor had circulated that Trump was considering pausing the tariffs. The White House disputed the rumor, saying it was misinformation. But it still caused the Dow to spike briefly in the morning before dropping back down.
The Dow closed on Monday down roughly 350 points, while the S&P 500 closed 11 points down.
Monday afternoon, the Supreme Court intervened in the case of the Maryland father who was accidentally sent to a prison in El Salvador, pausing a lower court’s order that would have required the government to return him to the U.S. by midnight.
Swiss chocolate makers face a bittersweet Easter season, grappling with soaring cacao prices and new US import tariffs.
The Trump administration’s recently announced tariffs have sent shockwaves through Swiss industries, from chocolate to watches, though many are adopting a wait-and-see approach.
At Geneva’s Festichoc chocolate festival, the new tariffs were a topic of discussion, but the overall mood remained positive.
Julie Jammes, marketing manager for Canonica, a Geneva chocolatier with three San Francisco stores, said, “We’re waiting a little longer, but it’s clearly a shock for us.”
Canonica has yet to decide on a course of action.
The Swiss government is also taking a cautious approach, despite the 31 per cent tariffs imposed on Swiss goods – significantly higher than the 20 per cent levied on EU exports.
While many conservative media figures are insisting that the stock market’s dive in reaction to Donald Trump’s tariff policies is actually a positive.
Ben Shapiro, a podcaster long known for his strict adherence to conservative politics, is not one of them.
On Friday, during an episode of his podcast, Shapiro said Trump’s tariffs are “probably unconstitutional” and called them “pretty crazy.”
A GOP senator insinuated there would be less “fake news” in the world if people were allowed to use violence against reporters.
Oklahoma’s Sen. Markwayne Mullin posted a video on X Saturday from inside the U.S. Capitol. In the clip, he recounted the shooting of Kentucky Congressman William Taulbee by a news reporter in 1890.
“There’s a lot we can say about reporters of the stories they write, but I bet they would write a lot less false stories — as President Trump says, ‘fake news’ — if we could still handle our differences that way,” Mullin is heard saying in the clip.
Mullin spoke of an incident involving Charles Kincaid, a congressional reporter for the Louisville Courier-Journal and the Louisville Times, and Congressman Taulbee.
Donald Trump has threatened to hit China with even more tariffs, adding another 50 percent levy on imports from the country, but Asian markets took the announcement in stride during early trading on Tuesday.
Major stock markets across China, Japan, Australia, and South Korea were all showing modest gains Tuesday morning in early trading.
In China, state-linked funds have begun buying up assets, while the country’s central bank has also promised loans to further prop up the market.
A self-identified “MAGA leftist” believes that President Donald Trump’s market-shattering tariffs will reverse the “masculinity crisis” permeating the nation.
Batya Ungar-Sargon, a noted columnist, told Fox News host Rachel Campos-Duffy Sunday that the “crisis in masculinity” stemmed from the decision to outsource manual labor jobs overseas — a move that has deprived millions of American men of a purpose.
“Donald Trump is actually saying ‘no more’ to this and to the crisis in masculinity — which is of course why young men feel so attracted to what he’s offering,” Ungar-Sargon said.
An untrue report about a possible 90-day pause on President Donald Trump’s widespread tariffs caused massive swings in the stock market – as all the major markets went from major losses to significant gains back to steep losses in a matter of minutes.
Read more here:
Interior Secretary Doug Burgum and his staff have reportedly used his position leading the agency to make a series of bizarre demands from his staff — including that they bake fresh chocolate-chip cookies, according to a report.
Katie Hawkinson reports:
Elon Musk’s X says it is launching a crackdown on “parody” accounts.
The site has an exemption for accounts that impersonate other people if they are labelled as doing so for comedy. But, often, that loophole is used by scammers who pretend to be other famous users in an attempt to trick people into scams or amplifying their content.
Now, X says that those parody accounts will be required to add keywords at the front of their name and will no longer be able to use the same pictures of the accounts they “depict”.
“These changes are designed to help users better understand the unaffiliated nature of PCF accounts and reduce the risk of confusion or impersonation,” the company said. We encourage all affected accounts to update their profiles before the enforcement date.”
The new rules will go into effect on 10 April.
Join thought-provoking conversations, follow other Independent readers and see their replies
Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Trump ‘not looking’ to pause tariffs as Asian markets up early after roller-coaster day: Live updates – The Independent
