#tariffs

#tariffs

In an interview with Fox News' Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. "I'm not looking to destroy China," Trump said. Earlier this month, he announced an additional 100% tariff and software restrictions on China, which has a stranglehold on the world's supply of rare earths and imposed tighter export controls that threaten a wide range of industries.

[Trump] said, Whatever happened to Senator Rand Paul? He was never great, but he went really bad. I got him elected twice in the great commonwealth of Kentucky, but he just never votes positively for the Republican Party. He's a nasty little guy.' Welker said reading directly from the Truth Social post. Why do you think President Trump is targeting you, Senator?

It's Diwali season - a five-day period when Hindus around the world commemorate the triumph of light over darkness on the Indian subcontinent centuries ago. But the colorful Diwali celebrations held annually in Indian-American communities throughout the United States are more muted this year compared to the past. The reason? Prices on everything from saris to spices have skyrocketed since August 27.

PRESIDENT DONALD TRUMP: Well, we had a senator that wanted, remember, from Hawaii. She wanted a tunnel from the mainland to Hawaii. Then she said, well, we can't do that, so we're going to build a railroad to Hawaii, do you remember? She's a current sitting senator, a Democrat. She wants a railroad to go to Hawaii right? You know who that is, right? She's another beauty.

In its Q2 earnings call, Ford reported top- and bottom-line beats with EPS of 37 cents versus expectations of 33 cents, and revenue of $46.94 billion versus $43.21 billion expected. That builds on the back of the company announcing that its saw its best first-quarter U.S. pickup sales in over 20 years while delivering $1 billion in EBIT. However, the company said it expects a $3 billion hit from Trump's tariffs by year's end, with the hopes of offsetting $1 billion of that figure.

"If you only sell to the U.S., you have to diversify," Tan said at the Fortune Most Powerful Women Summit on Tuesday.

"We're seeing some dispersion between the high income earners and the low income earners," Corie Barry told the Fortune Most Powerful Women summit on Tuesday in Washington, D.C. "If I just level up, that is probably what keeps me up at night."

In a room full of coffee roasters last week, longtime green coffee trader Mark Inman asked for a show of hands. How many people started buying green coffee professionally within the past few years? Approximately half the room raised a hand, to which Inman replied, "I'm sorry. I apologize. It does get better, trust me, but you're going to come out of the other end of this time with more knowledge than people who have been buying green coffee for 15, 20 years."

It's harvest time in the Midwest and farmers are bringing in bumper crops of soybeans, corn and wheat. They should be elated. But their best customers are shopping elsewhere as a result of a global trade war ignited by President Donald Trump. Punishing tariffs have created what some are calling Farmaggedon. China, once a top destination for American soybeans, has signaled its displeasure with Trump's tariffs by locking out U.S. farmers in favor of more stable partners in Brazil and Argentina.

But the road to that decision was rocky, and showed how Trump's uneven management style - particularly surrounding tariffs - shadows a White House in which policies can be made on the fly, change suddenly at the president's whim, and then be fine-tuned as conflicts are resolved in real time. Trump Cabinet secretaries sometimes operate with such independence that they encroach on each other's turf.

On Friday morning, the S&P 500 was less than a couple of points from another all-time high. Then, after a single social media post from President Donald Trump, $2 trillion in market value was wiped out. The unraveling shows the sway the president's one-man trade policy still has over the fate of the global economy. Trump at 10:57 a.m. ET wrote on his Truth Social platform that China was "becoming very hostile" with the rest of the world, especially when it comes to its control of rare earth metals. He accused China of holding the world "captive" because of its "monopoly" on these crucial resources.

The bitcoin price dropped to the $118,000s range today after President Trump announced plans to raise tariffs on Chinese goods in response to China's export controls on rare earth metals. Bitcoin price is down roughly 2.3% in the past 24 hours and about 6% since reaching a record high above $126,000 just four days ago. This came after China imposed new limits on rare earth and related technology trade.