Tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, U.S. Commerce Secretary Howard Lutnick said Sunday.
Pennsylvania Governor Josh Shapiro on Sunday morning revealed that his family had to evacuate the governor's residence after an arsonist set fire to the building.
Shapiro, a Democrat, said that Pennsylvania State Police woke him and his family at 2 a.m. ET after the fire had been set.
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big banks, funds and traders are losing faith in America as a stable, predictable, good place to store their money.
There’s a new dress code in Trump’s Washington, and it’s straight out of a dictator’s playbook. Loyalists in the regime—congressmen, senators, the whole parade of sycophants—are now sporting golden Trump bust lapel pins, a garish little tribute to the man who’s turned the White House into a shrine to himself. They’ve been quietly told to ditch their congressional or Senate pins in favor of this new badge of allegiance. It’s not a suggestion; it’s a loyalty test. And if you’re paying attention, it’s a chilling sign of where this country’s headed.
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Forcing elected officials to swap out their congressional pins—symbols of their constitutional role—for a golden idol of Trump’s face isn’t just petty; it’s a deliberate erosion of institutional identity. It says, “You don’t serve the people or the Constitution. You serve me.” This is the authoritarian playbook, page one: replace symbols of shared governance with symbols of personal power.
For days, Donald Trump and his White House team had insisted they were fully committed to their decision to impose sweeping "reciprocal" tariffs on dozens of countries. They even derided a report on Tuesday that said the president was considering a 90-day pause – news that triggered a brief stock market surge.
But now that pause on higher tariff rates, with a few notable exceptions, is a reality. The reordering of the global economic order is on hold, and Trump's promise of a golden age of American manufacturing will have to wait.
The White House has said that going big on tariffs and then hitting the pause button, before entering negotiations with individual countries, was the plan all along.
China's finance ministry has announced an 84% tariff on all goods imported from the US.
The ministry says that these new charges will take effect from 12:01 CST (05:00 BST) on 10 April.
He doesn't care much about the stock market's decline.
"You know, half of Americans don't even have stock," he said. (Some estimates say well over half of Americans own some stock.)
"Sixty percent of Americans have no retirement savings," he said. "So when I hear all the crying about the stock market, this is just Wall Street. They're people that are already rich, and at the end of the day, most working class people are trying to survive right now. And it's infuriating that our livelihoods have been stripped from us for decades and no one's cared."
