US EditionFox Business correspondent discusses Trump’s shift on China tariffs
- Fox Business correspondent Charles Gasparino analyzed President Trump's temporary tariff reduction on China announced during a recent U.S.-China trade truce.
- Gasparino explained Trump raised tariffs globally, including proposed 145 percent tariffs on Chinese goods, but market backlash, especially in the bond market, forced a 90-day pause.
- Gasparino highlighted that both sides blinked with China reportedly reducing tariffs to 10 percent while Trump considered a reduced 30 percent duty instead of 145 percent.
- He stated, "we have a weak negotiating hand," warned markets “exert their power,” and noted dependence on the bond market to finance U.S. Debt amid budget and trade deficits.
- Gasparino concluded Trump’s tariff retreat signals a tactical retreat with potential inflation risks if no deal emerges and underlines the dangers of prolonged trade conflicts.
9 Articles
9 Articles
What trouble in the bond market means for your investments and the economy
The April inflation numbers show that prices did not jump significantly after President Trump imposed higher tariffs and then, in many cases, delayed them. But the longer term is still uncertain. The market response to the back-and-forth over trade has been volatile, particularly when it comes to the bond market. Economics correspondent Paul Solman explains.
'Forced to back off': Even Fox News reporter rebuffs Trump’s latest economic move
Fox Business reporter Charles Gasparino broke with MAGA over the weekend with an admission that President Donald Trump’s abrupt decision to negotiate with China over reducing tariffs was a surrender.“Both sides blinked,” Gasparino wrote on X Sunday, specifying that “I didn’t say we won.”Trump had been promising a 145 percent tariff on Chinese goods, but backed away from the tariff yet again—marking one of many times since the president has stepp…
'Forces to back off': Fox reporter rebuffs Trump’s latest economic move
Fox Business reporter Charles Gasparino broke with MAGA over the weekend with an admission that President Donald Trump’s abrupt decision to negotiate with China over reducing tariffs was a surrender.“Both sides blinked,” Gasparino wrote on X Sunday, specifying that “I didn’t say we won.”Trump had been promising a 145 percent tariff on Chinese goods, but backed away from the tariff yet again—marking one of many times since the president has stepp…
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