Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell-off deepen: Live

Millie Cooke Reports from London:

Chinese retaliation tariffs will have a significant impact on Trump’s nuclear political basis, warned an economist, pointing out that agriculture is an important export from the US to China.

Dr Xin Sun, a senior lecturer in Chinese and East Asian issues at King’s College London, argued that China “hopes to cause political pains for Trump and force him to return”.

“Given the imbalance in the trade between China and the US, the damage caused by China’s retaliation will be smaller than the impact of the US tariff on China, which is not only the highest among all countries, but also affects a greater variety of sectors,” he said. The independent.

“As agriculture is a lion part of US exports to China, China’s retaliation has a greater impact on some of Trump’s nuclear political basis. By targeting this population, China hopes to cause political pains for Trump and forcing him to reduce somewhat.

“China’s rapid response and retaliation, the first among all countries, are powered by the political imperative to set up the determination of ‘bullying’ and guard Chinese interests, which is essential for domestic political stability.

Former Vice President Kamala Harris gave Donald Trump and his administration an attraction during the leading women defined in Dana Point, California.

The Democratic presidential candidate of 2024 said on Thursday that there were many things we knew, ” against which she regularly warned while she was on the campaign last year.

“I wouldn’t say ‘I told you that,’ ‘Harris said after saying she wouldn’t say it.

Look at her complete remarks below:

… But they don’t want to be American either.

Last March, Jim Cramer called himself ‘pro-tariff’ and opposed loud-free trade.

Thursday, the CNBC host appeared on CNNs Outside and claim that he now feels ‘like a piston’.

Cramer noted that Trump repeatedly insisted that his rates be “reciprocal”.

“And it would be so good and I really believed in it,” he said of Trump’s tariff plan. “And I feel like a piston tonight, because I’m not a free trader and don’t believe in free trade.”

The Squawk on the street Host said he is just as tough, if not more difficult, about free trade issues than many Trump advisors.

“But they screwed it,” he said. “They did it in a completely bad way and I was left a lot to someone who really believes that free trade is horrible for the American working person.”

Vietnamese negotiators are on their way to Washington, DC, after implementing a 46 percent tariff on their products, making them dramatically more expensive for American buyer.

President Donald Trump’s announced tariff on Vietnam “is not in line with the reality of mutually beneficial economic and trade cooperation between the two countries,” Foreign Ministry spokeswoman Pham Thu Hang.

The rates of Vietnam are among the highest in the world, exceeding those of competitors such as Thailand and Malaysia. Electronics, textiles, shoes, seafood and other exports to the US are at stake, which amounts to nearly $ 120 billion last year, accounting for almost a third of the country’s total exports.

Deputy Prime Minister and Former Finance Minister Ho Duc Phoc will visit the US and Cuba from April 6 to April 14.

She said that Vietnam worked actively with the US to express concerns, promote ties and work on fair, mutually beneficial trading in the spirit of the comprehensive strategic partnership the two countries founded in 2023, and developed further than President Joe Biden referred to as the ‘bitter past’ of the Vietnam War.

With reporting of the AP

The managing director of the International Monetary Fund, Kristalina Georgieva, warned that Donald Trump’s aggressive tariff agenda poses a ‘significant risk’ to the global economy.

“We are still judging the macro -economic implications of the announced tariff measures, but it clearly poses a significant risk to the global prospects in a time of sluggish growth,” she said in a statement late Thursday.

“It is important to avoid steps that can further harm the global economy. We call on the United States and its trading partners to work constructively to solve trade tensions and reduce uncertainty.”

The trade on Wall Street started and the most important indices continued to dive.

Minutes after the opening bell, the Dow Jones industrial average fell by more than 1,000 points (2.5%); The S&P 500 dropped more than 270 points (4.8%); and the Nasdaq also lost more than 1,000 points (almost 6%).

A former heart surgeon and fame doctor has been selected to lead the Centers for Medicare and Medicaid services – the healthcare service for millions of underprivileged Americans.

Mehmet Oz, 64, was confirmed for the post by the Republican controlled Senate as part of a shaking of the healthcare system. He will manage health insurance programs for about half the country, oversees over the coverage of Medicare, Medicaid or affordable care.

His appointment comes because the Trump administration is considering making cuts to the Medicaid program, which covers millions of poor and disabled Americans.

Madeline Sherratt have the details.