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It comes as President Donald Trump claims the U.S. is taking in ‘record’ tariffs after raising import duties
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China has warned Donald Trump to “stop whining” about being a victim of tariffs in the escalating trade war between the two nations.
It comes as the president claims the U.S is “taking in RECORD NUMBERS in Tariffs,” which was helping fight inflation, after he raised import duties on nearly all trading partners.
However, it is Beijing that is facing the most stringent measures. The U.S, which raised duties on Chinese products to 145 percent, has tightened export rules, with computer chip manufacturing giant Nvidia among those affected.
A fact sheet published by the White House on Tuesday said that China “now faces up to a 245 percent tariff”, and China’s foreign ministry urged reporters to question the Trump administration over the figure.
Beijing, which raised tariffs on U.S. goods to 125 percent, has reportedly told airlines to halt ordering Boeing jets and other U.S aircraft parts. In an editorial on Wednesday, state media outlet China Daily said the U.S. “should stop whining about itself being a victim in global trade.”
Wall Street ended the day sharply lower on the Nvidia news, and as Federal Reserve Chair Jerome Powell stated that U.S. economic growth appears to be slowing
Democratic Senator Chris Van Hollen said he was denied a meeting with a wrongfully deported Maryland father imprisoned in a brutal Salvadoran jail following Donald Trump’s refusal to return him to the United States.
The Maryland senator traveled to El Salvador on Wednesday to help secure Kilmar Abrego Garcia’s release from the Terrorism Confinement Center, or CECOT, where he faces the prospect of indefinite detention.
But he was denied a meeting with Abrego Garcia, and Salvadoran officials would not let the senator or Abrego Garcia’s family speak with him by phone, he said.
El Salvador has recently allowed Republican members of Congress inside CECOT, as well as Homeland Security Secretary Kristi Noem, who was filmed in front of a row of men crowded behind bars.
Alex Woodward reports.
Almost 900,000 fewer people crossed the border from Canada to the U.S. last month compared to March 2024.
Apart from the Covid-19 pandemic, it’s one of the most severe drops in crossings, figures from U.S. Customs and Border Protection (CBP) reveal.
Gustaf Kilander reports.
President Donald Trump posted the following on Truth Social just now:
A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress!
President Donald Trump claims he’s driving down the cost of everyday goods such as groceries and gasoline with his policies but data from the consumer price index indicates only some products are getting cheaper.
The average prices of gasoline, bread and tomatoes have gone down since Trump took office in January but the cost of other goods such as eggs and beef have risen. Those numbers, reported by the Bureau of Labor Statistics, also have not reflected the impact of tariffs.
But that hasn’t stopped the president from touting confidence about consumer prices, as Ariana Baio reports.
California has become the first state in the nation to sue Donald Trump over his “reckless and unprecedented” tariff plan, which is projected to wipe billions off the U.S. economy.
The lawsuit, filed Wednesday by Governor Gavin Newsom and California Attorney General Rob Bonta, argues that as a “global leader in trade,” the Golden State will bear “an inordinate share” of the costs that result from the sweeping levies.
Mike Bedigan reports.
Pharmaceutical bosses and the government are racing to stop Donald Trump from slapping tariffs on medicines in a move that would significantly impact Britain’s multibillion-pound industry.
The US president has warned he will impose a 25 per cent levy on foreign drugs, which would devastate UK giants GlaxoSmithKline and AstraZeneca.
America is by far the largest market for the firms, making up 40 per cent of AstraZeneca’s revenue, worth more than £20bn.
Archie Mitchell reports from London.
Wall Street ended sharply lower on Wednesday as Nvidia warned about steep charges from new U.S. restrictions on its chip exports to China and as Federal Reserve Chair Jerome Powell stated that U.S. economic growth appears to be slowing.
Powell, in remarks for the Economic Club of Chicago, mentioned that larger-than-expected tariffs likely indicate higher inflation and slower growth. However, he pointed out that the U.S. economy is still in a solid position and that the Fed is awaiting greater clarity before considering policy changes.
Stocks added to declines from earlier in the day following Powell’s comments, with Nvidia and other chipmaker stocks among the biggest decliners.
Nvidia announced late on Tuesday that it would take $5.5 billion in charges after the U.S. government restricted exports of its H20 artificial-intelligence chip to China, a key market for one of its most popular chips.
According to preliminary data, the S&P 500 lost 120.84 points, or 2.24%, to end at 5,275.79 points, while the Nasdaq Composite lost 513.57 points, or 3.05%, to 16,309.60. The Dow Jones Industrial Average fell 695.17 points, or 1.72%, to 39,673.79.
With reporting from Reuters
The Internal Revenue Service is planning to rescind the tax-exempt status of Harvard University, CNN reports, citing two sources familiar with the matter.
A final decision on rescinding the university’s tax exemption is expected soon, the network added.
The report comes a day after President Donald Trump threatened to strip the university of its tax-exempt status and stated that Harvard should apologize after the school rejected what it called unlawful demands to overhaul academic programs or lose federal grants.
Elon Musk claimed that he was “#2 after Trump for assassination,” in text messages to a former partner who claims to be the mother of one of his children.
The tech billionaire told Ashley St Clair in a text, seen by the Wall Street Journal, that “only the paranoid survive,” citing it as a reason to keep his name off her baby’s birth certificate.
St Clair told the outlet that she had been ordered not to put Musk’s name on the official document, and warned not to hire an attorney by Musk’s longtime fixer, Jared Birchall.
Mike Bedigan reports.
At today’s short-notice White House briefing, Press Secretary Karoline Leavitt says of the wrongly deported father, Kilmar Abrego Garcia: “Abrego Garcia is an illegal alien, MS-13 gang member and foreign terrorist who was deported back to his own country… Abrego Garcia will never be a Maryland father. He will never set foot in the United States again.”
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Trump latest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip sales in trade war – The Independent
