1 week Ago
1 of 2 | President Donald Trump listens to remarks during a cabinet meeting in the Cabinet Room of the White House in Washington, D.C., on Thursday, April 10, 2025.
Photo by Shawn Thew/UPI | License Photo April 13 (UPI) -- President Donald Trump declared Sunday that no country is "getting off the hook," as he defended his widely criticized and sweeping on-again, off-again tariffs that have submerged both U.S. and global markets in uncertainty.
Trump has turned to tariffs as a tool to even out trade deficits, as a negotiation tactic and as an attempt to spur the domestic manufacturing industry. Since returning to office, he has imposed a 145% tariff on all goods from China and attempted to hit nearly all other countries with so-called reciprocal tariffs. However, under threat of a worsening U.
S. economy, Trump last week issued a 90-day pause on tariffs hitting nearly all nations other than China. Then on Friday, tariff exemptions were issued for electronics, such as computers and.
.. Darryl Coote , Mark Moran.
