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China announces 84% tariff on US goods in response to Trump

Published

4 weeks ago

April 9, 2025

www.youtube.com – FOX 35 Orlando – 2025-04-09 07:03:04

SUMMARY: China has announced an 84% tariff on US goods, escalating tensions between the two countries amid ongoing market volatility. The Dow experienced a dramatic 1,700-point swing, reflecting investor uncertainty regarding tariffs. Financial planner Joe Bur advises clients to maintain a diversified portfolio with quality investments to weather market dips. He notes that downturns can present buying opportunities, as historically, markets tend to recover significantly after drops. With $7.5 trillion in money market accounts, Bur emphasizes the importance of being prepared for market rebounds, as hasty selling can hinder long-term investment success.

Trump’s sweeping new tariffs on America’s trading partners took effect on Wednesday, including a combined total of 104% against goods from China. The 10% baseline already began on Saturday. And then at midnight on Wednesday, the higher import tax rates on dozens of countries and territories took hold. China has retaliated with 84% tariffs on U.S. goods. Financial Planner Joe Bert shares how you can navigate volatile markets.

FOX 35 Orlando delivers breaking news, live events, investigations, politics, entertainment, business news and local stories from Orlando, Florida and across the nation.

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News from the South - Florida News Feed

Putin says he hopes there will be no need to use nuclear weapons in Ukraine

Published

20 hours ago

May 4, 2025

Staff Editor

www.clickorlando.com – Associated Press – 2025-05-04 04:02:00

SUMMARY: Russian President Vladimir Putin stated that the use of nuclear weapons in Ukraine has not been necessary and he hopes it remains so. He emphasized Russia’s capability to conclude the conflict started in 2022 with the desired outcome. Putin announced a unilateral 72-hour ceasefire from May 8 to 10 to mark Victory Day, which Ukrainian President Zelenskyy criticized as inadequate, urging a 30-day pause. Meanwhile, a Russian drone attack on Kyiv wounded 11 people, including children. Russia launched numerous drones and missiles overnight, with Ukrainian defenses intercepting many, while Russia claimed to have shot down Ukrainian drones.

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Australia’s re-elected prime minister says voters chose unity over division

Published

1 day ago

May 3, 2025

Staff Editor

www.news4jax.com – Rod Mcguirk, Associated Press – 2025-05-03 22:46:00

SUMMARY: Australia’s Prime Minister Anthony Albanese and his center-left Labor Party secured a rare second-term victory, winning at least 85 of 150 seats. Albanese emphasized unity, recalling his upbringing in public housing with his late mother. The conservative opposition, led by Peter Dutton, lost significant ground, including Dutton’s own seat, amid criticisms of divisive culture wars and unpopular nuclear power proposals. Albanese’s win marks the first consecutive election success since John Howard in 2004, ending a period of political instability. Albanese received congratulatory calls from world leaders, signaling strong international support as he begins his second term.

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Warren Buffett’s best and worst investments in his 60 years as Berkshire Hathaway CEO

Published

1 day ago

May 3, 2025

Staff Editor

www.clickorlando.com – Josh Funk, Associated Press – 2025-05-03 16:01:00

SUMMARY: Billionaire investor Warren Buffett announced that he plans to step down as CEO of Berkshire Hathaway by the end of 2025. Having led the company since 1965, Buffett transformed it from a textiles manufacturer into a massive conglomerate. Notable successes include investments in National Indemnity, American Express, Apple, BYD, See’s Candy, and Berkshire Hathaway Energy. However, he also faced setbacks, such as the failure of the textile mills, the poor purchase of Dexter Shoe Co., and missed opportunities like Amazon and Google. Despite some missteps, Buffett’s leadership made him a renowned figure in the investment world.

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