A former intelligence officer with the U.S. Army was sentenced on Wednesday to seven years in prison for selling critical military documents to an individual believed to be tied to the Chinese government.
Korbein Schultz, 25, <a href="https://www.dailywire.com/news/army-intelligence-officer-pleads-guilty-to-selling-defense-information-to-china" target="_blank" rel="noopener">pled guilty</a> last year to conspiring to collect and transmit national defense information, unlawfully exporting controlled information to China, and accepting bribes in exchange for sensitive government information. The sale of the documents, which included information on American military technology, took place over a three-year period from May 2022 to March 2024, according to the Justice Department. 
“This defendant swore an oath to defend the United States — instead, he betrayed it for a payout and put America’s military and service members at risk,” <a href="https://www.justice.gov/opa/pr/former-us-army-intelligence-analyst-sentenced-selling-sensitive-military-information">said</a> Attorney General Pamela Bondi. “The Justice Department remains vigilant against China’s efforts to target our military and will ensure that those who leak military secrets spend years behind bars.”
He could have faced 65 years in prison if given the maximum on all counts.
Schultz was paid $42,000 for sending the information to an unidentified foreign national living in Hong Kong believed to be connected to the Chinese government.
The information that he provided included his unit&#8217;s operational order before it was deployed to Eastern Europe, information applying lessons from the Russia-Ukraine war to Taiwan, technical manuals for the Army&#8217;s HH-60 helicopter and F-22A fighter aircraft, manuals on Intercontinental Ballistic Missile systems, American intelligence on the Chinese military and the People’s Liberation Army Rocket Force, details on American military exercises in South Korea and the Philippines, and documents on American military satellites and missile defense systems.
Schultz was first contacted to sell the secrets over a freelance web-based work platform by an individual pretending to work for a geopolitical consulting firm, according to the Justice Department. The department added that Schultz attempted to recruit a friend who worked for the Department of Defense’s Indo-Pacific Command to take part in the scheme as well.
The FBI&#8217;s Nashville office led the investigation, with assistance from the Department of Defense and the Army Counterintelligence Command.
“This sentencing is a stark warning to those who betray our country: you will pay a steep price for it,” said FBI Director Kash Patel. “The People’s Republic of China is relentless in its efforts to steal our national defense information, and service members are a prime target. The FBI and our partners will continue to root out espionage and hold those accountable who abandon their obligation to safeguard defense information from hostile foreign governments.”

ASIAD-2025-CHN-OPENING

Former Army Intel Officer Sentenced After Selling U.S. Military Secrets To China

China

Communist China

Crime

Department of Justice

Hong Kong

kash patel

Pam Bondi

Politics

Spying

U.S. Army

China threatened on Monday to take &#8220;countermeasures&#8221; against countries that agree to trade deals with the United States &#8220;at the expense of China&#8217;s interests.&#8221;
The country&#8217;s warning to nations around the globe comes as the Trump administration continues negotiations on trade and tariffs. Prime Minister Narendra Modi of India — one of China&#8217;s biggest economic adversaries — is set to <a href="https://www.cbsnews.com/news/vance-modi-meeting-india-trump-tariffs/" target="_blank" rel="noopener">meet</a> with Vice President JD Vance this week in New Delhi, where the two are expected to discuss a bilateral trade deal.
A spokesman for the Chinese Ministry of Commerce <a href="https://www.mofcom.gov.cn/xwfb/xwfyrth/art/2025/art_3277f51446f143eda489a1bd5de6f72f.html" target="_blank" rel="noopener">said</a> on Monday that the United States &#8220;has abused tariffs on all its trading partners under the banner of so-called &#8216;reciprocity,&#8217; while at the same time forcing all parties to start so-called &#8216;reciprocal tariff negotiations&#8217; with it.&#8221;
&#8220;It should be pointed out in particular that China firmly opposes any party reaching a deal at the expense of China&#8217;s interests,&#8221; the Ministry of Commerce stated. &#8220;If this happens, China will never accept it and will resolutely take countermeasures in a reciprocal manner. China is determined and capable of safeguarding its own rights and interests.&#8221;
&#8220;Appeasement cannot bring peace, and compromise cannot be respected,&#8221; the communist government added.
Earlier this month, President Donald Trump froze tariffs for most countries at 10% for 90 days as many trading partners showed a willingness to come to the negotiating table. Trump&#8217;s tariff on Chinese goods, however, was increased to 145% as the United States and China traded retaliatory moves. Currently, China has imposed a 125% tariff on U.S. imports.
According to the White House, around 130 countries are lining up to meet with administration officials and hash out new deals, and last week, President Trump joined some of his top trade advisers during a meeting with Japanese leaders in Washington, D.C. Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114372350378942829" target="_blank" rel="noopener">said</a> on Sunday that &#8220;many World Leaders and Business Executives have come to me asking for relief from Tariffs.&#8221;
&#8220;It’s good to see that the World knows we are serious, because WE ARE! They must right the wrongs of decades of abuse, but it won’t be easy for them,&#8221; he added. &#8220;We must rebuild the Wealth of our Great Country, and create true RECIPROCITY. But for those who want the easiest path: Come to America, and build in America!&#8221;
China, however, continues to push back against the Trump administration&#8217;s tariffs, <a href="https://www.dailywire.com/news/china-doubles-down-on-fighting-trade-war-to-the-end-says-it-will-not-respond-to-threats" target="_blank" rel="noopener">vowing</a> to fight the trade war against the United States &#8220;to the end.&#8221;
China is also seeking to strengthen its ties to other nations that have been hit by Trump&#8217;s tariffs. In the past few weeks, Chinese President Xi Jinping has courted Vietnam and Malaysia, urging them to defend “an open and cooperative international environment,” The New York Times <a href="https://www.nytimes.com/2025/04/21/world/asia/china-tariffs-trade-warning.html" target="_blank" rel="noopener">reported</a>. Chinese officials have also reached out to Japan, South Korea, and the European Union as the trade war intensifies.

Xi Jinping

China Vows To Punish Countries That Agree To Trump Trade Deals

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A Chinese satellite company linked to the communist government is aiding the Houthis with their attempted attacks on US vessels by giving them imagery the Houthis can use for targeting.
“We can confirm the reporting that Chang Guang Satellite Technology Co., Ltd. is directly supporting Iran-backed Houthi terrorist attacks on U.S. interests,” State Department spokesperson Tammy Bruce <a href="https://www.state.gov/briefings/department-press-briefing-april-17-2025/" target="_blank" rel="noopener">said</a> on Thursday. “Their actions and Beijing’s support of the company, even after our private engagements with them, is yet another example of China’s empty claims to support peace.”
“We urge our partners to judge the Chinese Communist Party and Chinese companies on their actions, not their empty words,” she continued. “Restoring freedom of navigation in the Red Sea is a priority to President Trump. Beijing should take this priority seriously when considering any future support of CGSTL. The United States will not tolerate anyone providing support to foreign terrorist organizations, such as the Houthis.”
“The United States has raised our concerns privately numerous times to the Chinese government on Chang Guang Satellite Technology Co Ltd’s role in supporting the Houthis in order to get Beijing to take action,” a senior State Department official said, according to the <a href="https://www.ft.com/content/628b404b-2a24-4853-8f3c-9caad408ef8f" target="_blank" rel="noopener">Financial Times</a>. The official added that China had “ignored” those concerns.
“Chang Guang is one of a handful of ‘ostensibly’ commercial Chinese satellite companies that are in fact deeply embedded in the military-civil fusion ecosystem, supplying global surveillance capabilities to both civilian and military customers,” James Mulvenon, an expert on Chinese military and intelligence services, asserted.
“Under China’s military-civil fusion programme, companies must share technology with the PLA when ordered by the government,” the Financial Times noted. Matthew Bruzzese, a China defense expert, said CGSTL had “close connections” to the Chinese Communist government and the country’s military.
China helps the Houthis by buying vast amounts of Iranian oil, the Atlantic Council <a href="https://www.atlanticcouncil.org/blogs/new-atlanticist/china-is-supporting-the-houthis-heres-how-the-trump-administration-can-respond/" target="_blank" rel="noopener">pointed out</a> in January, adding, “China is Iran’s biggest customer, with more than 90 percent of Iran’s exports going to China in 2024. As a result of these exports, Iran’s Islamic Revolutionary Guard Corps (IRGC) <a href="https://www.reuters.com/world/middle-east/irans-revolutionary-guards-extend-control-over-tehrans-oil-exports-sources-say-2024-12-18/" target="_blank" rel="noopener">reportedly</a> received as much as half of the fifty billion dollars in oil revenue that Iran earned last year. In turn, the IRGC uses its funds to support its proxies, including Hezbollah, Hamas, and the Houthis.”

China Launches 18 Satellites From Hainan Commercial Spacecraft Launch Site

China-Linked Satellite Company Helping Houthis Launch ‘Attacks On U.S. Interests’

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White House Press Secretary Karoline Leavitt said on Tuesday that the White House is relying on one key leverage point to get China to the negotiating table amid the ongoing tariff war between the United States and the communist regime.
Quoting President Donald Trump, Leavitt stated that the ball was &#8220;in China&#8217;s court&#8221; and told reporters during Tuesday&#8217;s press briefing that at the end of the day, Chinese exporters needed one thing that only a renegotiated trade agreement with President Donald Trump&#8217;s administration would provide: access to the American markets.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/PressSec?ref_src=twsrc%5Etfw">@PressSec</a> shares a statement from <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &quot;The ball is in China&#39;s court. China needs to make a deal with us; we don&#39;t have to make a deal with them. There&#39;s no difference between China and any other country except they are much larger, and China wants what we have&#8230; the… <a href="https://t.co/qD9LHzdAJm">pic.twitter.com/qD9LHzdAJm</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1912204265415930128?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;Look, the president has made his position on China quite clear, although I do have an additional statement that he just shared with me in the Oval Office,&#8221; Leavitt said, quoting, &#8220;&#8216;The ball is in China&#8217;s court. China needs to make a deal with us; we don&#8217;t have to make a deal with them. There&#8217;s no difference between China and any other country except they are much larger, and China wants what we have, what — every country wants what we have: the American consumer.'&#8221;
&#8220;Or to put it another way, they need our money,&#8221; Leavitt added. &#8220;So the president, again, he&#8217;s made it quite clear, he&#8217;s open to a deal with China, but China needs to make a deal with the United States of America.&#8221;
China and the United States have gone back and forth — with escalations and increased retaliatory tariffs on both sides — in the days since Trump first announced his &#8220;Liberation Day&#8221; plan aimed at leveling out trade imbalances. As some 130 nations have opted for negotiations over retaliation, Trump announced a 90-day pause in the increased tariffs for those countries. The tariffs against Chinese imports remain at 145%.
Leavitt also took a swipe at former President Joe Biden — who is scheduled to speak Tuesday evening — saying that she&#8217;d been surprised to learn he was speaking at night. &#8220;My first reaction when seeing Former President Biden was speaking tonight was, I&#8217;m shocked that he is speaking at nighttime. I thought his bedtime was much earlier,&#8221; she said.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/PressSec?ref_src=twsrc%5Etfw">@PressSec</a>: &quot;My first reaction when seeing Former President Biden was speaking tonight was, I&#39;m shocked that he is speaking at nighttime&#8230; I understand the topic of his speech is Social Security. Let me make it very clear&#8230; <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> is absolutely certain about protecting Social… <a href="https://t.co/0ElkJilupB">pic.twitter.com/0ElkJilupB</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1912205669387870338?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

President Trump Participates In A Kennedy Center Board Meeting And Tour

‘China Needs To Make A Deal With Us’: White House Says U.S. Has One Key Leverage Point

Karoline Leavitt

A senior Chinese official, responding to the tariff war that President Trump launched against the Communist Chinese, mocked Americans as “peasants” who would “wail in front of the 5,000 years of Chinese civilization.”
Xia Baolong, who oversees Hong Kong and Macao, <a href="https://nypost.com/2025/04/15/world-news/china-issues-warning-on-trumps-shameless-tariff-war-peasants-in-us-will-suffer/" target="_blank" rel="noopener">said</a> on Tuesday that Trump’s 145% tariff on goods from China was “brutally unreasonable.”
“The U.S. isn’t after our tariffs but our very survival,” Xia said on television. “The U.S. has repeatedly contained and suppressed Hong Kong … and this will eventually backfire on itself. Let those peasants in the United States wail in front of the 5,000 years of Chinese civilization.&#8221;
“The Chinese people do not cause trouble, nor are they afraid of trouble. Pressure, threats, and blackmail are not the right way to deal with China,” he continued.
Baolong’s verbiage picked up on rhetoric used by Vice President JD Vance, who <a href="https://www.facebook.com/reel/1165167071536307" target="_blank" rel="noopener">told</a> Fox News earlier this month, “What has the globalist economy gotten the United States of America? And the answer is, fundamentally, it’s based on two principles – incurring a huge amount of debt to buy things that other countries make for us. To make it a little more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture. That is not a recipe for economic prosperity; it’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America.”
Chinese foreign ministry spokesperson Lin Jian <a href="https://www.theguardian.com/world/2025/apr/08/beijing-attacks-jd-vances-chinese-peasants-remark-in-tariffs-interview" target="_blank" rel="noopener">responded</a>, “It’s both astonishing and lamentable to hear this vice-president make such ignorant and disrespectful remarks.”
Baolong’s strident rhetoric is not unusual for Chinese leaders; in November 2023 Chinese president Xi Jinping <a href="https://www.newsweek.com/china-warning-us-taiwan-xi-jinping-joe-biden-apec-summit-1844217" target="_blank" rel="noopener">warned </a>then-President Joe Biden that China unifying with Taiwan was “unstoppable,” declaring, “The U.S. side should take real actions to honor its commitment of not supporting &#8216;Taiwan independence,&#8217; stop arming Taiwan, and support China&#8217;s peaceful reunification. China will realize reunification, and this is unstoppable.”
In 2019, Communist China<a href="https://www.dailywire.com/news/china-threatens-us-dont-say-we-didnt-warn-you-hank-berrien" target="_blank" rel="noopener"> threatened to retaliate</a> against the United States for limiting the federal dollars spent on Chinese products. The official mouthpiece of the Chinese Communist Party, the People’s Daily, intimated that China would stop exporting “rare earth” minerals to the United States. The People&#8217;s Daily wrote, “Don&#8217;t say we didn&#8217;t warn you!” That phrase has been historically used by the Chinese Communist Party to threaten armed warfare.

NPC & CPPCC Annual Sessions 2025 – Previews

Top Chinese Official: U.S. ‘Peasants’ Will ‘Wail In Front Of The 5,000 Years Of Chinese Civilization’

J.D. Vance

Tech titan Nvidia makes a major investment in the United States – as President Donald Trump tweaks the terms of his tariffs. The Trump administration continues to pursue a nuclear deal with Iran after holding the first direct talks with the country in years. And, it&#8217;s April 15 – tax day. How would the “big, beautiful bill” affect taxes going forward?
It’s Tuesday, and this is the news you need to know to start your day. If you’d rather listen to your news, today’s edition of the Morning Wire podcast can be heard below:
<iframe style="width: 100%; max-width: 660px; overflow: hidden; border-radius: 10px;" src="https://embed.podcasts.apple.com/us/podcast/trump-tweaks-tariffs-revives-iran-nuclear-talks-4-15-25/id1576594336?i=1000703570759" height="175" frameborder="0" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>
<h2>New Tariffs, New Factories</h2>
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Topline: President Trump announced new tariffs Monday, as tech giant Nvidia announced a historic investment in American chip manufacturing.
As we reported yesterday, the White House said it planned to offer tariff exemptions for certain tech imports like laptops and smartphones. But by Monday, the president announced that one crucial product — semiconductor chips — would not be exempt, and would instead be subject to their own tariffs. We’re still waiting to hear what sort of rate they’ll face, but it’s a big move — the United States imported nearly $850 billion worth of semiconductors last year.
In a major victory for the White House, tech giant Nvidia announced a half-trillion-dollar investment in American manufacturing. Over the next four years, the company will set up shop in Arizona and Texas – it has commissioned more than a million square feet of manufacturing space there. When production is complete, Nvidia says it will be able to construct supercomputers entirely in the United States. The company’s CEO said the investment would “strengthen our supply chain and boost our resiliency.”
“Nvidia controls almost that entire sector, which is one of the most important sectors in the world,” President Trump said at the White House on Monday in response to the announcement. “The reason they did it was because of the election on November 5th and because of a thing called tariffs.&#8221;
Trump also received good news from the Federal Reserve, which released its latest Survey of Consumer Expectations on Monday. It found that Americans believe inflation will rise in the coming months but expect it to be a short-term disruption. That’s important because consumer expectations of inflation can often become self-fulfilling as it changes what folks are willing to pay for certain products. Markets were seemingly pleased with Monday’s news, as the Dow, S&amp;P, and Nasdaq saw gains across the board.
<h2>U.S. &#8211; Iran Nuclear Talks</h2>
<div id="attachment_907693" style="width: 951px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-907693" class="size-large wp-image-907693" src="https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-941x576.jpg" alt="" width="941" height="576" srcset="https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-941x576.jpg 941w, https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-300x184.jpg 300w, https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-768x470.jpg 768w, https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-1536x940.jpg 1536w, https://dw-wp-production.imgix.net/2025/04/US-Iran-talks-2048x1254.jpg 2048w" sizes="(max-width: 941px) 100vw, 941px" />(Photo by Kagenmi via Getty Images)</div>
Topline: The Trump administration had its first direct contact with Iran last weekend, the first step in an attempt to hammer out a new nuclear deal. President Trump is pushing for a full dismantling of Iran&#8217;s nuclear program. A follow-up meeting is set for this Saturday.
The meeting was the start of the first direct talks between the United States and the Islamic Republic of Iran in years. <a href="https://www.axios.com/2025/04/12/us-iran-begin-nucearl-talks-begin-oman">Axios</a> is reporting that there was a 45-minute face-to-face conversation in Oman between U.S. Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi.
“I think [a face-to-face meeting] helps to make sure that there is less room to cause confusion and also to drag out negotiations, which is what the Iranians are famous for doing,” <a href="https://www.iwf.org/people/ellie-cohanim/">Ellie Cohanim</a>, Independent Women’s Forum Senior Fellow and former Deputy Envoy to Combat Antisemitism under President Trump, told Morning Wire. “The very fact that the Iranians came to the table is considered an embarrassment in the Iranian culture because this is the regime that from 1979, from its very inception of coming into power, is born of the original sin of taking our American Embassy staff hostage …&#8217;Supreme Leader&#8217; Ali Khamenei apparently had to be convinced to even participate in talks with the United States. His advisors apparently let him know that they were advising him to participate in these talks because otherwise, it looked like there was a very high likelihood that Israel and the United States would strike Iran.”
Iran’s influence in the region has been steadily declining after a series of military and economic setbacks. Historically, Iran has used foreign proxy groups like Hamas, the Houthis, Hezbollah, and even the Assad regime of Syria to exert pressure on foreign enemies like Israel, Saudi Arabia, and the United States – arming and funding militants to create a thin veneer of separation between itself and open warfare. However, Hamas has taken tens of thousands of casualties in the ongoing war in Gaza, and Hezbollah’s command structure has been decimated by surgical Israeli strikes. Hezbollah fighters played a crucial role in propping up the Assad regime in the Syrian Civil War, and their collapse precipitated the ousting of the Assad government by Turkish-backed rebels – longtime Syrian dictator Bashar Al Assad <a href="https://www.dailywire.com/news/syrian-dictator-bashar-al-assad-deposed-as-terrorist-rebels-claim-damascus">fled to Moscow</a> last December. Houthi militants have also taken heavy losses in the wake of an <a href="https://www.dailywire.com/news/united-states-launches-large-scale-attack-on-iran-backed-houthi-terrorists">American counterassault</a> to reopen shipping lanes in the Red Sea.
Meanwhile, Iran’s economy has suffered under Trump’s “maximum pressure campaign” of sanctions. The effort seems to have paid off. Cohanim told Morning Wire that the Iranian economy is “teetering … nearly on the verge of collapse. Their currency is just <a href="https://www.dw.com/en/irans-middle-class-bears-brunt-of-economic-crisis/a-72085209">practically valueless</a> right now.”
President Trump has made it clear that Iran must abandon its nuclear weapons program in order to reach a deal with the United States – <a href="https://www.reuters.com/world/middle-east/explainer-how-close-is-iran-having-nuclear-weapons-2024-04-18/">recent intelligence</a> suggests Iran has enough stockpiled fissile material to build two nuclear bombs, although progress on a delivery system for a hypothetical weapon is less certain. Iran and the United States previously negotiated a nuclear deal in 2015, but President Trump <a href="https://www.dailywire.com/news/watch-trump-just-shredded-iran-deal-here-are-5-ben-shapiro">withdrew</a> from it in 2018, arguing that the terms and enforcement mechanisms were too lax.
<h2>Tax Day!!!</h2>
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Topline: Today is one of Americans’ least favorite days – tax day. And this year, the eternal debate raging around taxes goes all the way to the top.
Friendly reminder – today is your last chance to file your taxes on time.
This tax season, Congress is furiously negotiating a “big, beautiful bill” to set the country’s fiscal priorities – the draft legislation put forward by Congressional Republicans would, among other things, make the tax cuts from President Trump’s first term permanent. Pete Sepp, President of the National Taxpayers Union, told Morning Wire that “virtually every American family would benefit” if the budget bill were passed.
“Any family with children under the age of 17 is likely to benefit,” Sepp told Morning Wire. “Any wage earner is likely to benefit by the lower rates that would remain locked in place. Any worker for a corporation is likely to benefit because they would see their wages at a stable level or even increasing because the boss would have the money to be able to provide that.&#8221;
Anyone who might want to pass along something to their heirs could.
If the bill isn’t passed, Americans will face around a $4 trillion tax hike. Opponents claim that the bill would benefit the rich without helping the poor – that’s been the mantra from Democrats – and part of their rationale for voting against the budget reconciliation last week. Of course, there could also be a predictable political angle to this – Democrats may want to jam up the vote to make the other side look incompetent.

Logos Of Large Companies On Laptop

Morning Brief: American Supercomputers, Iran Talks & Tax Day

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United States stocks opened on a high note on Monday after President Donald Trump temporarily exempted American tech giants from some of his new reciprocal tariffs, sending shares of Apple and Dell soaring while providing relief to a market that had been rocked by tariff uncertainty.
The three major indexes all rose compared to last week, with the Dow Jones Industrial Average adding 421 points (1%), the S&amp;P 500 rising 1.1%, and the Nasdaq Composite gaining 1%, according to CNBC.
At their midday peaks, the Dow was up more than 500 points, and the Nasdaq was up 2.5% during the volatile trading session.
Investors welcomed the exemption of smartphones, computers, and semiconductor components from Trump&#8217;s new &#8220;reciprocal&#8221; tariffs, based on U.S. Customs and Border Protection guidance issued late Friday.
Apple shares <a href="https://www.cnbc.com/2025/04/13/stock-market-today-live-updates.html">rose</a> 3% following the news at the opening bell, while Dell surged more than 4% as tech companies received immediate relief from the threatened tariffs.
&#8220;The market believes that the administration is probably in some sort of retreat from their most-extreme tariff proposal,&#8221; said Jed Ellerbroek, portfolio manager at Argent Capital Management. &#8220;That&#8217;s incremental good news.&#8221;
The market is coming off one of its most volatile trading weeks on record, with the CBOE Volatility Index <a href="https://www.cnbc.com/quotes/.VIX/">spiking</a> above 50 on Thursday,
&#8220;Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs,&#8221; said Dan Ives, global head of technology research at Wedbush Securities. &#8220;I think ultimately Big Tech CEOs spoke loudly, and the White House had to understand and listen to the situation that this would have been Armageddon for big tech if were implemented.&#8221;
National Economic Council Director Kevin Hassett provided the market further assurances during a Fox Business interview, <a href="https://www.foxbusiness.com/media/trumps-trade-team-making-astonishing-progress-tariff-deals-multiple-offers-table-hassett">noting</a> that “more than 10” countries were already seeking “amazing” trade agreements to avoid the new levies.
Trump&#8217;s &#8220;Liberation Day&#8221; tariffs <a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/">aim</a> to, according to the White House, &#8220;strengthen the international economic position of the United States and protect American workers&#8221; and will remain in place until &#8220;President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated.&#8221;
However, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114332337028519855">clarified</a> on Truth Social that these &#8220;exempted&#8221; products remain &#8220;subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff &#8216;bucket,'&#8221; suggesting the exemptions might not be permanent, and reigning in the optimism of some investors.
Despite the recent tech stock rally, many on Wall Street remain cautious about potential volatility in the coming weeks as further details of the administration&#8217;s trade policies emerge, particularly regarding permanent tariff structures and potential exemptions for other goods and sectors.

NYSE Opens Monday Morning After Volatile Week In The Markets

Dow Jumps 400+ Points After Trump Moves Smartphones, Computers To Different ‘Tariff Bucket’

Stock Market

The United States and China continue their tariff war, the Supreme Court rules on several emergency requests, and El Salvador’s president is set to visit the White House.
It’s Monday, April 14, and this is the news you need to know to start your week. If you’d rather listen to your news, today’s edition of the Morning Wire podcast can be heard below:
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<iframe style="width: 100%; max-width: 660px; overflow: hidden; border-radius: 10px;" src="https://embed.podcasts.apple.com/us/podcast/china-escalates-trade-war-trump-scotus-victories-4-14-25/id1576594336?i=1000703434916" height="175" frameborder="0" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>
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<h2>Trade Negotiations Continue</h2>
<div id="attachment_902939" style="width: 874px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-902939" class="size-large wp-image-902939" src="https://dw-wp-production.imgix.net/2025/04/GettyImages-2208185431-864x576.jpg" alt="WASHINGTON, DC - APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S." width="864" height="576" srcset="https://dw-wp-production.imgix.net/2025/04/GettyImages-2208185431-864x576.jpg 864w, https://dw-wp-production.imgix.net/2025/04/GettyImages-2208185431-300x200.jpg 300w, https://dw-wp-production.imgix.net/2025/04/GettyImages-2208185431-768x512.jpg 768w, https://dw-wp-production.imgix.net/2025/04/GettyImages-2208185431.jpg 1024w" sizes="(max-width: 864px) 100vw, 864px" />(Chip Somodevilla/Getty Images)</div>
Topline:  President Donald Trump will host a number of foreign leaders for trade negotiations this week as Congress prepares to pass a crucial spending package. Meanwhile, China has cut off shipments of rare earth minerals and magnets after Trump paused most tariffs for everyone but them.
Beijing predictably responded by raising its own tariffs on U.S. goods from 84% to 125%. The communist nation went a step further Sunday, halting the export of rare earth minerals and magnets.
For context, China produces upwards of 60% of the world’s rare earth minerals and 90% of all rare earth magnets, which are crucial for high-tech chips, semiconductors, batteries, and car manufacturing. That pause could have significant impacts on the American auto and tech industries. The White House says the fact that America is so reliant on Chinese products shows how crucial it is to increase American manufacturing and form stronger trade alliances elsewhere. 
Stateside, President Trump made big news over the weekend, announcing that electronics like smartphones and laptops will temporarily be exempt from tariffs. That’s a major relief to tech giants like Apple, Nvidia and Microsoft. The White House said those exemptions would be temporary — presumably, they’re sending a message to Beijing that they better make a deal before they become permanent. 
Public Perception: A <a href="https://www.cbsnews.com/news/poll-trump-tariffs-13-04-2025/">CBS</a> poll this weekend showed that just 42% of Americans favor tariffs on imported goods, compared to 58% who oppose them, while Trump&#8217;s approval rating on the economy fell to 44%. Similarly, the University of Michigan’s closely watched <a href="https://www.sca.isr.umich.edu/">Consumer Sentiment Index</a> fell 11% to its lowest point since the COVID lockdowns. Americans cited the potential for rising inflation and unemployment as their biggest areas of concern.
In better news for the president, that same CBS poll found that nearly 60% of Americans believe Trump is using tariffs as a negotiating tool — so that message seems to have gotten through. <a href="https://x.com/ForecasterEnten/status/1910714949418045563?ref_src=twsrc%5Etfw">Quinnipiac</a> found that Republicans and Democrats are now tied on the question of “Which party cares more for the needs of people like you.” For decades, Democrats have had a massive, oftentimes twenty-point lead on that question. It now appears that more and more Americans view Republicans as caring about the needs of average people. That is a generational shift indicative of where Trump is taking the party economically. 
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<h2>Supreme Court Scoreboard</h2>
<div id="attachment_907193" style="width: 874px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-907193" class="size-large wp-image-907193" src="https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-864x576.jpg" alt="" width="864" height="576" srcset="https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-864x576.jpg 864w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-300x200.jpg 300w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-768x512.jpg 768w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-1536x1024.jpg 1536w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-2048x1365.jpg 2048w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-1800x1200.jpg 1800w, https://dw-wp-production.imgix.net/2025/04/SCOTUS-Facade-1-1200x800.jpg 1200w" sizes="(max-width: 864px) 100vw, 864px" />(Al Drago/Getty Images)</div>
Topline: The Supreme Court weighs several of Trump’s executive actions. How is his agenda faring – and what’s next on the docket? 
The Trump administration is at the center of several high-stakes battles before the Supreme Court. The rulings are testing the limits of executive power on issues ranging from deportations to federal regulations. At this point, SCOTUS has ruled on six emergency applications, and thus far, the president is faring well. 
One of the most significant rulings we’ve seen has been on the Alien Enemies Act. It’s a somewhat unique legal case where both sides—the Trump administration and the ACLU—are claiming victory. The administration argued that Venezuelan gangs like Tren de Aragua pose such a national security threat, and under the authority of that 1798 Act, they can remove alleged gang members rapidly, without hearings, because they’re not U.S. citizens. Last week, SCOTUS lifted a lower judge’s block on those deportations, but it did add some guardrails. Detainees must now receive notice and due process. 
In addition, the Supreme Court also overturned a lower court decision ordering Trump to rehire 16,000 probationary federal employees. In a 7-2 ruling, SCOTUS found the organizations suing lacked standing since individual workers weren’t part of the lawsuit.
On the Docket: Next week, the court will hear arguments regarding the president&#8217;s claim of immunity from prosecution over his efforts to overturn the 2020 election. There are also challenges to executive orders on birthright citizenship and federal funding cuts in the pipeline. But so far, the court has been notably restrained. Many analysts are pointing out that Chief Justice Roberts is steering the court toward narrow, technical rulings to avoid blockbuster showdowns with Trump.
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<h2>Bukele Visits the White House</h2>
<div id="attachment_907027" style="width: 875px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-907027" class="size-large wp-image-907027" src="https://dw-wp-production.imgix.net/2025/04/GettyImages-1171054018-865x576.jpg" alt="US President Donald Trump and President Nayib Bukele of El Salvador shake hands as they hold a meeting in New York, on September 25, 2019, on the sidelines of the United Nations General Assembly. (Photo by SAUL LOEB / AFP) (Photo credit should read SAUL LOEB/AFP via Getty Images)" width="865" height="576" srcset="https://dw-wp-production.imgix.net/2025/04/GettyImages-1171054018-865x576.jpg 865w, https://dw-wp-production.imgix.net/2025/04/GettyImages-1171054018-300x200.jpg 300w, https://dw-wp-production.imgix.net/2025/04/GettyImages-1171054018-768x512.jpg 768w, https://dw-wp-production.imgix.net/2025/04/GettyImages-1171054018.jpg 1024w" sizes="(max-width: 865px) 100vw, 865px" />(SAUL LOEB/AFP via Getty Images)</div>
Topline:  President Trump is set to welcome El Salvador’s president to the White House on Monday – after what Trump’s calling a “model” deal to deport alleged violent gang members.
The president of El Salvador, Nayib Bukele, arrived in Washington, D.C. on Sunday. The administration has worked closely with the Salvadoran leader on immigration and the detainment of suspected foreign gang members. The United States has sent about 250 illegal immigrants with suspected gang ties to a high-security prison in El Salvador. The two leaders have been on remarkably positive terms; White House Press Secretary Karoline Leavitt said the relationship has “become a model for others to work with” the Trump administration.
“I think [Bukele]&#8217;s doing a fantastic job and taking care of a lot of problems that we really wouldn’t be able to take care of from a cost standpoint,” Trump <a href="https://x.com/Karla_veron1/status/1911444833874424126">told</a> reporters over the weekend.
In addition to immigration, trade may also be on the agenda. Trump and Bukele haven’t mentioned this publicly, but El Salvador is technically under a blanket 10% tariff that Trump put into place last week. Roughly a third of El Salvador’s exports are sent to the United States, meaning the impact of the tariff on their economy could be significant.
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Trump-greets-Jordan-King-and-Crown-Prince-at-White-House

Morning Brief: China Escalates Trade War, SCOTUS Scoreboard & Trump Hosts Bukele

El Salvador

Nayib Bukele

SCOTUS

Supreme Court

Commerce Secretary Howard Lutnick said on Sunday that the previously-announced tech exemptions to President Donald Trump&#8217;s sweeping &#8220;Liberation Day&#8221; tariff plan were not permanent.
Lutnick spoke with &#8220;This Week&#8221; host Jon Karl on ABC News about the Friday reports <a href="https://www.dailywire.com/news/trump-exempts-smartphones-other-electronics-from-additional-tariff-on-china" target="_blank" rel="noopener">announcing</a> the exemption of approximately 20 electronic products — including smartphones, chips, and several components needed to make flat screens or tablets — from the additional reciprocal tariffs the Trump administration has levied against China. They are still subject to a 20% tariff, and Lutnick said on Sunday that they would not be exempt from additional tariffs for long.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
After Pres. Trump exempts tech like phones, computers and chips from new tariffs, Commerce Sec. Howard Lutnick tells <a href="https://twitter.com/jonkarl?ref_src=twsrc%5Etfw">@JonKarl</a> they will be included in semiconductor tariffs to be released in coming months.
“This is not a permanent sort of exemption.” <a href="https://t.co/p9xXrT2Xvx">https://t.co/p9xXrT2Xvx</a> <a href="https://t.co/RoVH72kfM1">pic.twitter.com/RoVH72kfM1</a>
&mdash; This Week (@ThisWeekABC) <a href="https://twitter.com/ThisWeekABC/status/1911409906407682355?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Lutnick explained that several items the Trump administration has deemed necessary for national security reasons — things like medications, semiconductors, and automobiles — would be subject to &#8220;sector tariffs&#8221; rather than tariffs specific to one country or another.
&#8220;We need to make medicine in this country, we learned it during COVID, we need to make it in this country,&#8221; Lutnick said. &#8220;We need to make semiconductors in this country, because if we don&#8217;t own semiconductors here, remember, all — virtually all semiconductors are made now in Taiwan and they&#8217;re finished in China, it&#8217;s important that we reshore them.&#8221;
Lutnick went on to add that for those national-security related items, Trump planned to introduce a new policy that would cover them &#8220;outside the reciprocal tariffs, and they&#8217;re going to have their own separate way of being considered.&#8221;
Trump Deputy Chief of Staff Stephen Miller gave a very similar update during his appearance with host Maria Bartiromo on Fox News&#8217; &#8220;Sunday Morning Futures.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Deputy Chief of Staff <a href="https://twitter.com/StephenM?ref_src=twsrc%5Etfw">@StephenM</a>: &quot;When <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> issued his reciprocal tariffs, our government at the time specifically said that chips and semiconductors&#8230; were going to be dealt with through a separate Commerce authority known as a 232. That was ALWAYS the plan because those… <a href="https://t.co/79zDt9gydJ">pic.twitter.com/79zDt9gydJ</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1911428087989911764?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;When the president issued his reciprocal tariffs, our government at the time specifically said that chips and semiconductors, which are critical components of our national security, were going to be dealt with through a separate Commerce authority known as a 232. That was ALWAYS the plan because those components are so essential to our national security, we need to have a separate process for dealing with how to reshore those essential industries,&#8221; Miller said.

TSMC Unveils $100 Billion In New US Investment, Joined By Trump

Commerce Secretary Lutnick: Tariff Tech ‘Exemptions’ Are Not Permanent

Commerce Secretary Lutnick: Tariff Tech 'Exemptions' Are Not Permanent

Technology

President Donald Trump made it clear on Thursday that he was unbothered by China&#8217;s threats to exclude American movies as part of the ongoing tariff and trade war between the United States and the communist nation.
Trump brushed the threat aside when a reporter posed the question, following days of back-and-forth retaliatory tariffs on both sides.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&quot;China retaliated today by reducing the number of American films that can be shown there. What&#39;s your reaction to them now targeting cultural exports?&quot;<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &quot;I&#39;ve heard of worse things.&quot; 🤣 <a href="https://t.co/zpseCdDXEX">pic.twitter.com/zpseCdDXEX</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1910388089610207360?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;China retaliated today by reducing the number of American films that can be shown there. What&#8217;s your reaction to them now targeting cultural exports from the United States?&#8221; one reporter asked.
&#8220;I think I&#8217;ve heard of worse things,&#8221; Trump said with a smile, prompting laughter from around the room.
The China Film Administration announced the new position on Thursday in a statement, saying, &#8220;The wrong action of the U.S. government to abuse tariffs on China will inevitably further reduce the domestic audience’s favorability towards American films. We will follow the market rules, respect the audience’s choice, and moderately reduce the number of American films imported.&#8221;
Additional <a href="https://x.com/Variety/status/1910299585295065566" target="_blank" rel="noopener">reports</a> indicate that China could be considering even more drastic actions — with the possible implementation of a total ban on American films — if President Trump does not back down on the imposed tariffs.
The president did announce a 90-day hold on tariffs for a number of other nations amid negotiations for fairer trade policies across the board. China was not included in that 90-day hold — and will be subject to dramatically increased tariffs — because Chinese officials had opted for retaliation rather than negotiation when Trump unveiled his &#8220;Liberation Day&#8221; tariff plan.
&#8220;Shark Tank&#8221; judge Kevin O&#8217;Leary has defended Trump&#8217;s position with regard to China, saying that if anything, Trump was taking it a little too easy on the communist country. O&#8217;Leary argued that Trump should slap a <a href="https://www.dailywire.com/news/shark-tank-judge-unloads-on-msnbc-host-over-chinese-tariffs-squeeze-chinese-heads-to-the-wall">400% tariff</a> on Chinese imports — and said that it was long past time that someone forced China to abide by the rules of fair trade.

‘I’ve Heard Of Worse Things’: Trump Unbothered By China’s Plan To Cut Hollywood Access

'I've Heard Of Worse Things': Trump Unbothered By China's Plan To Cut Hollywood Access

Hollywood

Movies

On Wednesday, Republicans on the House Committee on Homeland Security advanced a number of bills to combat terrorism, strengthen security at the border, and counter the Chinese Communist Party’s efforts against America.
“I am proud of this Committee’s work to advance legislation that protects Americans from growing threats to our homeland and our way of life,” Chairman Mark Green (R-TN) stated. “For far too long, the CCP has tried to influence American higher education, target and harass dissidents on U.S. soil, and infiltrate our critical infrastructure and government networks. Today, this Committee stood up to China, advancing bills from Chairman Pfluger and Rep. Ogles to counter the real and growing threat they pose in our own backyard.”
“We also will not forget the serious threats sparked by the Biden-Harris administration’s historic border crisis. That’s why Committee Republicans advanced bills from Reps. [Marjorie Taylor] Greene and [Clay] Higgins to demand transparency on the number of Special Interest Aliens encountered at our borders and enhance efforts to detect deadly drugs like fentanyl at our land ports of entry,” he continued. “I look forward to working with my colleagues in the House to swiftly pass these bills to increase transparency and give Custom (sic) and Border Protection (CBP) more enforcement tools.”
Counterterrorism and Intelligence Subcommittee Chairman Rep. August Pfluger’s (R-TX)  bill, H.R. 881, the “DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act,” would restrict DHS from funding American universities that host a Confucius Institute and require &#8220;certain disclosures related to Chinese entities of concern.&#8221;
Rep. Pfluger also introduced H.R. 2158, the “Countering Transnational Repression Act of 2025,” which would establish a dedicated transnational repression working group with DHS, thus protecting Chinese and Iranian dissidents who voice criticism of their countries’ despotic governments.
Rep. Clay Higgins’ (R-LA) bill, H.R. 1569, the “CATCH Fentanyl Act,” would further empower CBP to test and evaluate new technologies for deployment at U.S. points of entry.
Rep. Marjorie Taylor Greene’s (R-GA) bill, H.R. 275, the “Special Interest Alien Reporting Act of 2024,” would require DHS to publicly release information monthly on the number of special interest alien encounters.
Rep. Morgan Luttrell’s (R-TX) bill, H.R. 1327, the “Syria Terrorism Threat Assessment Act, would ensure the Department of Homeland Security conducts an assessment of terrorist threats the United States posed by individuals in Syria with an affiliation to a foreign terrorist organization or a specially designated global terrorist organization.
Rep. Andy Ogles’ (R-TN) bill, H.R. 2659, the “Strengthening Cyber Resilience Against State-Sponsored Threats Act,” would target the escalating cybersecurity threats from the Chinese Communist Party and its state-sponsored cyber actors. oil.”

Republican Lawmakers Hold News Conference On Mayorkas Impeachment

House GOP Committee Advances Bills To Protect Homeland

Chinese Communist Party

Congress

House Committee on Homeland Security

Syria

The Chinese government appeared to take aim at the U.S. tourism industry on Wednesday as the trade war between the two countries <a href="https://www.dailywire.com/news/china-hits-back-with-massive-retaliatory-tariff-after-trumps-104-midnight-tariff-goes-into-effect?topStoryPosition=undefined&amp;row=1&amp;elementPosition=0&amp;rowType=Top+Stories&amp;rowHeadline=Top+Stories&amp;author=Leif+Le+Mahieu&amp;title=China+Hits+Back+With+Massive+Retaliatory+Tariff+After+Trump%E2%80%99s+104%25+Midnight+Tariff+Goes+Into+Effect&amp;category=News" target="_blank" rel="noopener">intensifies</a>.
The Chinese Ministry of Culture and Tourism warned citizens about traveling to the United States, citing “deterioration of China-U.S. economic and trade relations and the domestic security situation in the United States,&#8221; The Wall Street Journal <a href="https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-09-25/card/china-warns-citizens-about-travel-and-study-in-the-u-s--k8SG6IWgaRoeiug3rcRC?mod=WSJ_home_supertoppermiddle_lctimeline" target="_blank" rel="noopener">reported</a>. Chinese citizens traveling to the United States, either for tourism or education, generated $20.2 billion for American services exports in 2023, according to the WSJ.
The Ministry of Culture and Tourism added in a statement that it is reminding &#8220;Chinese tourists to fully assess the risks of traveling to the United States and be cautious.&#8221; The communist government issued a similar travel advisory amid the U.S.-China trade war during Trump&#8217;s first term.
China&#8217;s travel warning comes as the country responds to President Donald Trump&#8217;s 104% tariff with an 84% tariff on American goods. Chinese leaders appear to be digging in as the trade war with the United States heats up, vowing to &#8220;fight to the end.&#8221;
Trump said on Tuesday that China &#8220;wants to make a deal, badly, but they don’t know how to get it started.&#8221; After China retaliated to Trump&#8217;s &#8220;Liberation Day&#8221; tariffs, the president hit China with an additional 50% tariff Wednesday morning, which raised the total tax on the communist country&#8217;s goods to 104%.
The White House said on Tuesday that “It was a mistake for China to retaliate,&#8221; but added that Trump &#8220;will be incredibly gracious&#8221; if Chinese leaders decide &#8220;to make a deal.&#8221; Treasury Secretary Scott Bessent called China the &#8220;worst offenders&#8221; in the global economy on Wednesday, arguing that &#8220;this escalation is a loser for them.&#8221;
During a Q&amp;A at a banking summit on Wednesday morning, Bessent <a href="https://www.dailywire.com/news/scott-bessent-says-trump-is-prioritizing-main-street-over-wall-street-in-speech-to-bankers?row=3&amp;elementPosition=0&amp;rowType=Vertical+Carousel&amp;author=Zach+Jewell&amp;title=Scott+Bessent+Says+Trump+Is+Prioritizing+Main+Street+Over+Wall+Street+In+Speech+To+Bankers&amp;category=News&amp;rowHeadline=Latest+News" target="_blank" rel="noopener">said</a> the Trump administration would look to strike deals with allies around the world before approaching China &#8220;as a group.&#8221; The Trump administration said it is preparing for trade talks with numerous countries, starting with meetings with Japan and South Korea.
Japan, Asia&#8217;s second-biggest economy behind China, will likely &#8220;get priority&#8221; in trade negotiations with the Trump administration since it was one of the first countries to come forward with a willingness to negotiate, <a href="https://www.bloomberg.com/news/newsletters/2025-04-08/supply-chain-latest-japan-talks-with-us-on-tariffs" target="_blank" rel="noopener">according</a> to Bessent.

China Targets U.S. Tourism Industry, Warns Citizens Against Travel Amid Trade War

Tourism

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