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      Trump: Raising the Tariffs on China to 125%; 90 day pause on nonretaliating countries
      Submitted Apr 9, 2025      |From @realDonaldTrump|121 comments

      Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter! *TRUMP: AUTHORIZED A 90 DAY PAUSE ON NONRETALIATING COUNTRIES TRUMP:90-DAY PAUSE EFFECTIVE IMMEDIATELY

      Fed's Barkin says tariff price hikes could start by June
      Submitted Apr 9, 2025      |From axios.com|1 comment

      The trade war is likely to cause fewer jobs and higher prices, a top Federal Reserve official tells Axios. But price hikes may not show up until the summer, as companies work through pre-tariff inventories. Why it matters: Richmond Fed president Tom Barkin, in an exclusive interview, described a deep-seated uncertainty among businesses that is likely to slow activity — along with a surge in prices that requires the Fed to act cautiously in responding. What they're saying: "As I've talked to business people, they're still struggling to have confidence in where this lands," Barkin said in the first interview with a Federal Reserve official since the tariffs went into effect. • "The direction is clear ... it's just the destination that people are challenged with," Barkin told Axios Wednesday morning, in advance of a speech to the Economic Club of Washington, D.C. Fed's Barkin: Price surges requires the Fed to be cautious - Axios.

      Fed's Musalem: markets are responding to reassessments of global growth
      Submitted Apr 9, 2025      |From @financialjuice

      Fed's Musalem: markets are responding to reassessments of global growth. Fed's Musalem: Tension between the Fed's dual mandate goals as risks of slower growth and higher inflation begin to materialize. Fed's Musalem: We will take a balanced approach to monetary policy as long as inflation expectations remain anchored. Fed's Musalem: Baseline outlook is not for recession, but slipping confidence, higher prices and a blow to household wealth point to slowing growth.