Tariff Reduction Plan agreed to between China and United States

US, China Announce Reciprocal Tariff Reduction Plan for $30 Billion in Goods

The proposal covers goods from each country, while Washington and Beijing also announced agreements on Iran and technology talks.

The United States and China announced a tariff reduction plan of $30 billion in goods from each country following the Chinese leader’s state visit to Washington, covering non-sensitive goods.

The Chinese Foreign Ministry confirmed the agreement in a statement on Saturday, following the release of a fact sheet from the White House the day before.

The announcements came after talks between President Donald Trump and Chinese leader Xi Jinping produced common positions on Iran’s nuclear program and international waterway tolls, along with plans for a dialogue on risks and benefits related to artificial intelligence.

Xi departed on Sept. 25 after a visit that included a military welcome, bilateral talks, and a state dinner. Before leaving, Xi and his wife, Peng Liyuan, joined Trump and First Lady Melania Trump for tea and a visit to the National Archives. “A lot of very positive things happened,” Trump told reporters during the tea meeting.

The two leaders “discussed fostering peace and prosperity to enhance confidence for businesses and consumers around the world,” the White House said, adding that the United States and China would pursue “a constructive relationship of strategic stability.”

Both leaders agreed that Iran must not have nuclear weapons and that no country or institution should impose tolls on international waterways, according to the readouts from both countries.

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Lindsey Graham's legacy invoked on the House floor--262/159

House sends sweeping Russia-Iran sanctions bill to Trump's desk in honor of late Sen. Lindsey Graham

The House passed the Lindsey O. Graham Sanctioning Russia and Iran Act by a 262, 159 vote Wednesday, sending a bill that authorizes tariffs of up to 100 percent on countries buying Russian energy to President Trump, who is expected to sign it into law.

The legislation clears Congress with broad bipartisan margins after the Senate approved it last month 86, 11. It marks the final major piece of unfinished business championed by the late Sen. Lindsey Graham of South Carolina, who died at 71 following a trip to Ukraine where he pressed lawmakers to act on the very sanctions package that now bears his name.

Rep. Michael McCaul, the Texas Republican who led the floor fight for passage, framed the vote in personal and strategic terms. He told colleagues the bill would force Russian President Vladimir Putin to the negotiating table and keep his ambitions in check, preventing him from pushing deeper into Eastern Europe.

McCaul did not let the moment pass without honoring the man whose name is on the bill. As the New York Post reported, McCaul delivered a direct appeal to his colleagues:

"Lindsey Graham once said this bill would be his great achievement. I can think of no better way... to honor his life and his legacy than by passing these tough sanctions."

He added a broader call to action.

"Evil is on the march, history is calling, and now is the time to act."

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Trump optimistic about Trade deal with Canada

Trump Says US-Canada Trade Deal Likely 'Fairly Soon'

President ‌Donald Trump said on Saturday that Canada was keen to reach a trade deal ‌with the United ​States and that an agreement could ⁠come "fairly soon," while repeating ​complaints that Canada had treated ⁠U.S. farmers unfairly and should remove tariffs.

"Canada wants to ‌make a ​deal very badly," ‌Trump said while answering questions ‌from media after a meeting with Irish Prime Minister ⁠Micheal Martin ‌in ⁠Dublin.

"Canada has to treat ⁠our ⁠farmers better. They can't charge our ‌farmers tariffs," Trump said, adding, "You'll probably see a deal ‌with ​Canada ‌fairly soon."

Newsmax...

Trade Deficit hit $64 billion a year with Canada -- that just ended

What Canada Has Been Doing to American Farmers for Fifty Years

The numbers got so bad that by 2023, the goods deficit hit $64 billion – the worst it had been since the George W. Bush years. And Canada's weapon of choice has been the tariff. Trump called out the dairy tariff specifically, and here's what that actually looks like in practice.

Canada built a wall around its dairy market in the 1970s to protect Canadian producers, then designed a quota system so restrictive that American farmers can't get anywhere near the cap that would let them compete.

American auto workers in Michigan and Ohio built their careers on an industry Canada has been quietly undercutting for twenty years – protecting its own market with tariffs while demanding open access to ours. "Canada declined to finalize the trade deal under the terms agreed earlier this week." Fifty percent tariffs hit at midnight.

Carney's response was to call it a "miscalculation" – then announce dollar-for-dollar retaliation starting September 8.

He also told reporters Canada was "at war" with the United States. A country that has extracted sixty billion dollars a year from American workers just declared itself a victim.

That ends now.

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Canada gets new tariff on their Autos

Trump Announces New 50 Percent Tariffs on Canadian Autos

Canada says its counter-tariffs will come into effect on Sept. 8.

His announcement comes after trade talks between Washington and Ottawa collapsed on Aug. 21, with new 50 percent U.S. tariffs on about US$20 billion (CA$28 billion) of Canadian products taking effect on Aug. 22, and Canada vowing to retaliate with its own tariffs.

“Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots,” Trump said in a social media post on Aug. 24.

“Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!”

Trump said that starting in the new year, all Canadian cars, trucks, and auto parts will be subject to a 50 percent tariff. Current tariffs on Canadian autos are 25 percent.

The U.S. president also included steel in the new announcement. Canadian steel, along with aluminum and copper, is already tariffed at 50 percent.

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60 Trade Partners to get new tariffs

Trump to Impose New Tariffs on 60 Countries

The administration accused 60 trading partners of failing to enforce bans on forced labor. It comes as a global 10 percent tariff is set to expire.

The Trump administration will impose new tariffs just after midnight ET Friday on dozens of countries over alleged forced-labor violations, according to a notice in the Federal Register.

The duties, set between 10% and 12.5%, will effectively replace President Donald Trump’s temporary 10% global tariffs, which are set to expire at the same time as the new ones take effect.

The forthcoming tariffs will apply to 60 trade partners and cover 99.4% of U.S. trade, the Office of the U.S. Trade Representative said in a fact sheet Thursday afternoon. The office separately told CNBC that it could not provide an estimate of how much revenue the new tariffs will generate.

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Global Tariffs soon to start

Bessent: 15 Percent Global Tariff Starts This Week

Treasury Secretary Scott Bessent said on Wednesday that an increase in President Donald Trump's new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week.

The new tariff rate was announced by Trump in late February after the Supreme Court struck down his previous global tariffs under a national emergencies law. He initially imposed the 150-day tariffs under Section 122 of the Trade Act of 1974 at a lower 10% rate.

"That's likely sometime this week," Bessent said on CNBC of the 15% rate order from Trump.

"During the 150 days, we will see studies from USTR on Section 301, tariffs from Commerce on Section 232," he said, referring to other tariff authorities that have withstood court challenges.

He said the effort to rebuild Trump's tariff program under these authorities would bring U.S. duty rates back to their prior levels within five months.

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U.S. Trade Rep Exposes What the Supreme Court Actually Gave Trump

Trump’s Trade Chief Stopped ABC Cold With Five Words That Ended the Interview

ABC's Martha Raddatz thought she had him.

She'd spent the entire interview trying to convince America that the Supreme Court's tariff ruling was a catastrophic defeat for Donald Trump – that the president had been humiliated, his trade agenda shattered, his economic legacy in ruins.

Then Jamieson Greer, U.S. Trade Representative, said five words that made her whole argument collapse: "more powerful than a tariff."

The media spent 72 hours celebrating the Supreme Court's 6-3 decision in Learning Resources v. Trump as the death blow to Trump's trade agenda. What they buried: Trump's team had a Plan B ready before the ink dried.

Within hours of the February 20 ruling, Trump signed an executive order under Section 122 of the Trade Act of 1974 – a separate tariff authority with no successful legal challenge on record.

The 15 percent global tariff went live February 24.

By Sunday morning, Greer was on ABC explaining the legal logic that the mainstream media refused to report.

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Trump is always one step ahead

10% Global Tariff imposed on all countries

Trump Signs Order Imposing 10 Percent Global Tariff

President Donald Trump announced Friday that he has signed an executive order imposing a 10% global tariff on all countries, saying the measure will take effect "almost immediately."

Posting on Truth Social, Trump said it was his "Great Honor" to sign the order from the Oval Office, describing it as a "Global 10% Tariff on all Countries."

The move comes just hours after the Supreme Court struck down his earlier attempt to implement tariffs under emergency authorities.

In a second post, Trump sharply criticized the justices who ruled against his prior tariff plan.

"Those members of the Supreme Court who voted against our very acceptable and proper method of TARIFFS should be ashamed of themselves," he wrote. "Their decision was ridiculous but, now the adjustment process begins, and we will do everything possible to take in even more money than we were taking in before!"

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Kavanaugh's Dissent: A Defense of Presidential Power

S

Supreme courts' ruling on tariffs--6/3

But the story doesn't end with the majority's gavel. A powerful counterargument roared from the minority. Justice Kavanaugh didn't just disagree; he demolished the majority's reasoning with precision. In his view, the tariffs align perfectly with statutory text, history, and precedent.

He argued that Trump acted within his authority under the 1977 law to regulate importation, a power historically tied to tools like quotas, embargoes, and, yes, tariffs.

Statutory text, history, and precedent demonstrate that the answer is clearly yes: Like quotas and embargoes, tariffs are a traditional and common tool to regulate importation.

Kavanaugh went further, suggesting this ruling won't be the final word. He noted that presidents could still impose similar tariffs under other laws, such as the Trade Act of 1974. His dissent framed the issue as a matter for voters and lawmakers, not judges, to wrestle with.

The tariffs at issue here may or may not be wise policy, but as a matter of text, history, and precedent, they are clearly lawful, it was said.

Closing his argument, Kavanaugh stood firm with a respectful but pointed conclusion: "I respectfully dissent." His words echo a broader conservative frustration with judicial overreach into policy domains.

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Supreme Court decides on Trump's tariffs

6-3 Decision by Supreme Court on Trump's tariffs

The Supreme Court ruled that President Donald Trump exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency.

The three justices who voted for Trump Tarrifs are Kavanugh, Alito and Thomas. Trump appointees Amy Coney Barrett and Neil Gorsuch just never seem to come through.

The decision does not affect all of Trump’s tariffs but invalidates those implemented using a 1977 law called the International Emergency Economic Powers Act.

The ruling blocks Trump's sweeping reciprocal tariffs and those the president imposed on Canada, China and Mexico in what he said was an effort to stop the flow of illegal drugs.

President Trump officials have previously indicated that if the Supreme Court strikes down the IEEPA-based tariffs, the White House may pursue alternative legal authorities to reimpose similar duties.

Our Economy is perfect

'Perfect Trump economy': Peter Navarro says 'everything is hitting on all major cylinders, and the best is yet to come'

'It's probably one of the best years in modern American economic history.

Not hyperbole, that's what the data is telling us'

Appearing on "Sunday Morning Futures" with Maria Bartiromo on the Fox News Channel, Peter Navarro, senior counselor for trade and manufacturing, highlighted economic successes in the first year of Trump taking the helm from the high-inflation era of Joe Biden.

"It's the perfect Trump economy in 2026. It's what we call the Goldilocks economy," said Navarro, alluding to conditions being just right from the children's story of that title.

"The last time we saw what we're seeing now was 1998. We're seeing the stock market over 50,000 Dow, that's Wall Street. But we're also seeing rising real wages. That's Main Street."

"This is happening because of tariffs not in spite of them."

Read World Net Daily

As an aside, Bill Clinton was President in 1998 and his administration oversaw a significant period of peacetime economic growth and the first federal budget surplus in decades. We were actually in the Black.

Trump Administration argument on Tariffs

Treasury Secretary Scott Bessent defense of Emergency Tariffs

He delivered the administration's most direct public defense yet of President Trump's emergency tariff powers warning Sunday that a Supreme Court ruling against IEEPA authority would strip the White House of its most effective negotiating tool at exactly the wrong time.

The Supreme Court heard arguments on the legality of Trump's emergency tariff authority in early November 2025. A decision is anticipated later this year. Bessent used his appearance on "Sunday Morning Futures" to frame the stakes before that ruling lands.

"It's an emergency authority, and what was an emergency if it wasn't the fentanyl crisis? We are seeing Canada, Mexico, [and] China come to the table to stop this scourge of the American people."

That's the core of the administration's argument — and it's a strong one.

IEEPA exists for moments when conventional policy channels move too slowly to address genuine national emergencies. Fentanyl has killed more Americans than any foreign adversary in a generation. If that doesn't qualify as an emergency, the word has no meaning.

While the Supreme Court has not given a date for the next hearing, JPMorgan analysts Amy Ho and Joyce Chang noted that historically, the Supreme Court reserves its most consequential rulings for the end of its term in June, allowing for extended deliberation.

Bets are that Trump will lose in the Supreme court, according to Yahoo

Supreme Court holds Trump's economic strategy hostage

Scott Bessent just called out the Supreme Court with one phrase that changes everything

Democrats and judges team up to sabotage American jobs

Treasury Secretary Scott Bessent told Fox Business that two major decisions are coming in January that will shape the future of Trump's America First agenda.

But it's the Supreme Court ruling on tariffs that has Bessent sounding the alarm. "Economic security is national security," Bessent told Maria Bartiromo. "So this ruling is really a national security ruling and if they rule against the administration, they will be ruling against national security."

The stakes couldn't be higher. Two companies – an educational toy manufacturer and a wine importer – are challenging Trump's tariffs all the way to the nation's highest court. They claim Trump overstepped his authority under the International Emergency Economic Powers Act when he imposed the duties.

Never mind that those duties have already generated $215.2 billion in revenue in fiscal year 2025 and another $71 billion since October. Trump brought back hundreds of billions of dollars flowing into American coffers while protecting jobs from unfair foreign competition.

But a few activist judges decided they know better than the President about what constitutes a national emergency.

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Tariff Powers Rooted in Solid Law

Bessent expresses confidence in Trump tariff plans even amid challenge before SCOTUS

Treasury Secretary Scott Bessent just dropped a bombshell at the New York Times DealBook Summit, asserting that the Trump administration’s tariff agenda is unstoppable, the U.S. Supreme Court be damned, as CNBC reports.

At the heart of this story, Bessent confidently predicted that the administration can push forward with its trade policies using existing legal tools, even if a pending Supreme Court ruling on tariff authority goes south.

Let’s rewind to Bessent’s bold stance during his onstage interview, where he laid out a legal roadmap for tariffs that sounds like a conservative’s dream come true. He pointed to the 1962 Trade Act, specifically sections 301, 232, and 122, as giving the president near-unchecked power over import duties.

Section 122, Bessent noted, allows tariff authority for up to 150 days, while the other sections offer broader, less time-bound muscle. This isn’t just posturing; it’s a calculated strategy to keep the pressure on trading partners without tripping over judicial hurdles.

“We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” Bessent declared during the summit interview with host Andrew Ross Sorkin.

Well, that’s a mic drop for anyone fretting over legal setbacks—sounds like the administration’s got a backup plan thicker than a policy wonk’s binder.

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$2,000 Tariff checks next year?

Bessent Suggests Americans Save $2,000 Tariff Checks When Asked About Inflation

Treasury Secretary Scott Bessent suggested that Americans save the proposed $2,000 tariff checks rather than spend the money to avoid inflationary effects.

Bessent made the comments on Fox News when asked by host Bret Baier whether sending the checks to most Americans would increase inflation.

"Maybe we could persuade Americans to save that, because one of the things that's going to happen next year" is the start of "Trump Accounts" to save for kids, Bessent replied.

Bessent was referring to a House GOP proposal backed by President Donald Trump that would create tax-deferred investment accounts — coined "Trump Accounts" — for babies born in the U.S. over the next four years, starting them each with $1,000.

At age 18, they could withdraw the money to put toward a down payment for a home, education, or to start a small business. Individuals can contribute to the account until the year the beneficiary turns 18. The maximum annual contribution will generally be $5,000 and this amount will be indexed to inflation beginning in 2028.

Trump on Monday said he wants to issue tariff checks to "moderate income, middle income" Americans by mid-2026.

William Dickens, a professor emeritus of economics and public policy at Northeastern University, says $2,000 "would help support the economy" if the U.S. were to enter a recession and would have little to no impact on prices.

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Fed Study Vindicates Trump's Trade Policy

On Tariffs

The Tarifflation Narrative Was Destroyed by a San Francisco Fed Paper

For as long as anyone can remember, economists and journalists have issued a consistent warning about tariffs: they will push prices up. It’s been the cornerstone of the case against President Donald Trump’s trade policy.

Raise tariffs, and consumers will pay more at the checkout counter. It’s simple economics, the Democrats, etc. tell us.

A new paper from the Federal Reserve Bank of San Francisco suggests the economic establishment got this one backwards.

Economists Régis Barnichon and Aayush Singh examined major tariff changes across the United States, the United Kingdom, and France over 150 years. Their finding: when tariffs rise, inflation actually falls. Higher unemployment also follows, but the consumer price spiral that economists predicted? The data doesn’t support it.

This doesn’t mean tariffs are costless. It means the case against them will have to rest on grounds other than “they make things more expensive.”

Read the rest of the report

Foreign entities involved in anti-Trump donations

EU Billionaires Funneled $2B to Anti-Trump Groups

A new report revealed that five foreign charities have donated just shy of $2 billion into various American nonprofits and policy advocacy groups focused on climate change and political activism.

Americans for Public Trust released a detailed, 31-page report with receipts tracking money from foreign charities to U.S. groups.

It notes that while contributing directly to political candidates is not permitted under federal law, election-related activities like "get-out-and-vote" campaigns, some lobbying efforts, issue advertising and other politically-charged activities, are in play for foreign dollars.

"There's not a question about where it's going and where it is coming from," Americans for Public Trust executive director Caitlin Sutherland told Fox News Digital. "We know that it's foreign money coming into our U.S. policy fights, climate litigation, research, protests, lobbying, you name it."

"Foreign money is coming in, and it's trying to erode our democracy," Sutherland added.

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It's all about tariffs and these billionaires' pockets a little lighter because of Trump's tariff policy but the EU uses tariffs for revenue, to protect domestic industries, and to influence global trade dynamics. But we're not supposed to. So let's interfere in the U.S. elections they say.

Trump's meeting with Xi

Soybeans, Rare Earths, Fentanyl: 9 Takeaways From Trump’s Meeting With Xi

Traditionally a top importer of American soybeans, China had not made any purchases from the United States this harvest season.

1. China to Buy US Soybeans
2. Rare Earth Minerals to Flow
3. Port Fees Pause for one year
4. US to Halve Fentanyl Tariffs from 20% to 10%
5. Trump to Visit China Next April
6. Taiwan not discussed
7. TikTok Deal not discussed but will probably advance in the near future
8. ‘American Energy’ working to complete an agreement that would see China make a “very large-scale transaction” of oil and gas from Alaska.
9. The Semiconductor Question was discussed

Click here to get the details