Trump combats TACO reputation
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Trump Threatens 35% Tariff On Canada
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President Donald Trump started his week with the devastating news of deadly floods in central Texas while also negotiating a peace deal with Israeli Prime Minister Benjamin Netanyahu. CNN’s Kaitlan Collins reports on a week that also saw a reciprocal tariffs deadline move to August and questions over who ordered a Ukraine weapons pause.
Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.
Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
President Trump sent letters to 14 countries saying tariffs ranging from 25% to 40% would go into effect Aug. 1
The White House concluded that non-tariff methods for punishing Brazil would take too long, two people familiar with the situation said.