Trump, White House and China
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The Supreme Court will hear arguments tomorrow about birthright citizenship. How we got here: Trump tried to ban giving U.S. citizenship to children born to foreign visitors and undocumented immigrants. After judges stepped in, he appealed to the high court.
President Donald Trump‘s top aides spilled the beans Wednesday about how they convinced him to back off his sky-high tariffs on China. They boasted to The Washington Post that they used data showing how his base of support—in particular truckers and longshoremen—would be hurt by the levies to change his mind.
The White House last month paused far-reaching “reciprocal tariffs” on dozens of countries, just hours after the measures took effect. Trump has also eased sector-specific tariffs targeting autos, and rolled back duties on some goods from Mexico and Canada.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
Federal Reserve Vice Chair Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained it will cause "at least" a temporary increase in inflation.
Federal Reserve Chair Jerome Powell, who Trump recently said he’s considering firing, has a 37% approval rating, beneath the lowest approval ratings for the previous three federal reserve chairs, but above his 36% average approval rating in 2023, Gallup found.
Follow for live updates as Trump continues his Middle East trip in Saudi Arabia and Health and Human Services Secretary Robert F. Kennedy Jr. testifies on Capitol Hill.
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.