145 tariff

Presidents Xi and Trump are set for a crucial summit, aiming for stability despite deep-seated issues like tech rivalry and Taiwan. While a trade deal might emerge, it won't end the underlying friction. China's focus on domestic chip production and its stance on Taiwan, deemed the 'biggest risk,' will also be key discussion points. The US may also expect China's mediation in ending the Iranian mess.

As President Trump arrives in Beijing, anticipation runs low for any breakthroughs regarding China's influence over Iran and the vital Strait of Hormuz. His agenda includes discussions on trade and the pressing issue of fentanyl, yet underlying tensions over their differing views on geopolitical conflicts threaten to overshadow these talks.

Tech layoffs in 2026 have already surpassed 92,000 jobs across 98 companies, making it the worst year for tech employment since the post-pandemic bust. Meta, Amazon, Microsoft, Snap, Oracle, and Block are among the biggest names cutting staff, with AI infrastructure spending cited as the primary driver. But beneath the efficiency narrative lies a more complicated story—one of overhiring, debt, and a workforce reckoning that's far from over.

US-based GoPro is set to slash 23% of its workforce, impacting around 145 employees, as part of a significant restructuring to cut costs and improve its financial standing. The wearable camera maker anticipates charges between $11.5 million and $15 million for severance and benefits.

Amidst escalating trade tensions, a Chinese state media account suggests the U.S. has initiated contact, seeking tariff discussions. While China publicly condemns the duties as economic bullying, it has quietly exempted certain U.S. goods from retaliatory tariffs. Despite denials of formal negotiations, China remains open to dialogue based on equality and mutual respect, hinting at a potentially cautious approach.

Donald Trump hinted at reducing the 145% tariffs on Chinese imports, acknowledging their unsustainability while insisting on a trade deal. This shift follows financial market turmoil, Chinese retaliation, and domestic pressures from businesses and consumers. Treasury Secretary Bessent's warnings and internal political tensions also influenced Trump's softened stance, though he maintained tariffs wouldn't return to zero.

China urges the US to completely eliminate reciprocal tariffs imposed during the Trump administration, which have escalated to 145%. Describing the recent tariff exemption on consumer electronics as a "small step," China is assessing the overall impact. Businesses are increasingly concerned about the sustainability of US-China trade relations due to these escalating tensions and retaliatory levies.

The Trump administration is reportedly considering slashing tariffs on Chinese imports from 145% to between 50% and 54%, potentially as early as next week, ahead of trade talks in Switzerland. Retail leaders have urged Trump to ease the tariff burden, and retailers are preparing for various outcomes.

US President Trump indicated that the high tariffs on Chinese imports, currently at 145%, will be reduced substantially, emphasising that the previous zero-tariff situation was detrimental to the US. Treasury Secretary Bessent acknowledged the unsustainability of the current trade standoff, while the White House claims many countries are interested in new trade arrangements.

The Trump administration is reportedly considering a substantial reduction in tariffs on Chinese goods, potentially lowering them from 145% to a more sustainable 50-54%. This move coincides with upcoming trade negotiations in Switzerland. Tariffs on other Asian nations might also decrease to 25%. The decision follows discussions with business leaders, including Walmart, Target, and Home Depot CEOs.

Wall Street insiders have coined the term 'TACO Trade' to describe President Trump's pattern of announcing aggressive tariffs and then reversing or delaying them. This strategy allows investors to profit from market volatility by buying stocks when prices dip after tariff threats. Trump has dismissed the term and defended his tariff strategies as effective negotiation tactics.

China expressed readiness for trade talks, stating "the door for talks is wide open" amid escalating tariff tensions. President Trump hinted that US tariffs on Chinese goods could “come down substantially.” Despite no formal negotiations yet, both sides signaled openness. Markets responded positively, reflecting cautious optimism about easing trade hostilities.

Trump’s doing damage control after launching a trade war. He will push for the India deal to be more like the UK one. More one-sided. Lesson for New Delhi is to negotiate from strength, not desperation

Shein and Temu will increase prices for US consumers. The price rise is due to tariffs imposed by the previous US administration. Both companies announced that the price adjustments will take effect on April 25, 2025. Donald Trump announced a 145% tariff on products made in China. The elimination of a customs exemption will also impact the prices.

Despite US tariff exemptions on some tech, Chinese-made gaming consoles like the upcoming Nintendo Switch 2 may face hefty import duties. A key Apple and Nintendo supplier indicates a potential 145% US tariff under Trump's trade policy. Other Chinese products, including smart speakers and TVs, also face steep tariffs, impacting the gaming and electronics industries.

US President Donald Trump defended his trade policies, asserting China would likely bear the tariff costs. In an ABC News interview, Trump dismissed concerns about price increases, stating China was "ripping us off." He doubled down on China tariffs, saying 'They deserve it.