US Edition
Trump on China trade switch-up: They ‘would have broken apart’
- Earlier this month in Geneva, representatives from the US and China reached an agreement to reduce tariffs on imports between the two countries for a temporary period of 90 days.
- The tariff reduction follows previous levies as high as 145%, which caused American businesses to rush orders to avoid the higher costs.
- Despite the tariff cut to a minimum of 30%, rising raw material and production costs in China continue to push prices upward for importers and consumers.
- Andrew Rader said clients face 15% to 25% increased manufacturing costs and unusual factory bonuses show cost pressures, while Andy Tsay warned prices may not fully drop even if tariffs end.
- The ongoing trade talks and cost pressures suggest US consumers could remain burdened with higher prices, even if tariff rates are modified or removed later.
54 Articles
54 Articles
'There's no way': GOP lawmaker says spending bill 'actually got worse overnight'
Republicans are still at odds with many still balking over the proposed spending bill. “I think actually we’re further away from a deal because that SALT cap increase, I think, upset a lot of conservatives,” Rep. Andy Harris (R-MD), the House Freedom Caucus chair, said in a Wednesday Newsmax intervi...
Trump spending and tax bill causing lingering divisions in GOP
The House Rules Committee held an overnight hearing over President Trump's megabill. NBC News' Correspondents Garrett Haake and Julie Tsirkin report more. The Hill Congressional reporter Mychael Schnell joins Ana Cabrera to report more on the lingering divisions in the GOP over spending.
Thune talks of opportunity to reduce spending while giant bill remains snagged by GOP disputes
President Donald Trump arrives with Speaker of the House Mike Johnson, R-La., for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)WASHINGTON — The U.S. House Republicans who have yet to rally behind the party’s “big, beautiful bill” huddled in the speaker’s office Tuesday as different factions tried to hash out agreement on taxes, Medicaid and a few other outstanding issues.…
Giant tax and spending bill in U.S. House remains snagged by GOP disputes • Idaho Capital Sun
President Donald Trump arrives with Speaker of the House Mike Johnson, R-La., for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)WASHINGTON — The U.S. House Republicans who have yet to rally behind the party’s “big, beautiful bill” huddled in the speaker’s office Tuesday as different factions tried to hash out agreement on taxes, Medicaid and a few other outstanding issues.…
Giant tax and spending bill in U.S. House remains snagged in GOP disputes • Nebraska Examiner
President Donald Trump arrives with Speaker of the House Mike Johnson, R-La., for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)WASHINGTON — The U.S. House Republicans who have yet to rally behind the party’s “big, beautiful bill” huddled in the speaker’s office Tuesday as different factions tried to hash out agreement on taxes, Medicaid and a few other outstanding issues.…
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