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Trump sets 90-day pause on many tariffs, hikes China to 125%

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virginiamercury.com – Ashley Murray – 2025-04-09 13:22:00

by Ashley Murray, Virginia Mercury
April 9, 2025

WASHINGTON — President Donald Trump will pause his sweeping tariffs for 90 days on countries willing to negotiate new trade deals but will not relent on China, according to a post Wednesday on his social media platform.

Stocks surged upon his announcement after days of wrecked markets erased trillions of dollars from investors. The Nasdaq saw the biggest single-day hike in five years as of Wednesday afternoon, according to financial media.

The pause will not extend to China, which he announced will see a further hike to 125% on imports to the U.S. “effective immediately,” he said.

“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump posted on Truth Social.

“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump continued.

The tariffs, which the administration maintains are “reciprocal,” went into effect just after midnight Wednesday.

The announcement came just hours after the president posted on social media “BE COOL!” and “THIS IS A GREAT TIME TO BUY!!! DJT.”

Trump’s sudden pause also came hours after U.S. Trade Representative Jamieson Greer defended the steep tariffs before nervous lawmakers on Capitol Hill for the second day in a row.

The White House did not immediately respond to a request for a list of countries whose tariff rates will drop to a universal baseline of 10%.

A rollercoaster few days

Trump’s April 2 “Liberation Day” announcement sent shock waves through the economy after he unveiled import taxes on trading partners and allies, some as high as 46% as in the case of Vietnam, a major tech exporter to the U.S.

Treasury Secretary Scott Bessent told reporters outside the White House Wednesday that the tariffs were “a successful negotiating strategy.”

“As I told everyone a week ago in this very spot, do not retaliate, and you will be rewarded,” Bessent said.

The administration met with Vietnamese officials Wednesday, according to Bessent, and meetings with Japan, South Korea and India are expected shortly, though he didn’t provide details.

When asked by reporters if Trump’s tariff policy was mainly now focused on China, Bessent said “it’s about bad actors” but added that China “is the biggest source of the U.S. trade problems.”

The trade war — though Bessent said he is “not calling it a trade war” — between the U.S. and China expanded rapidly overnight Wednesday when Chinese officials raised levies on U.S. goods to 84%.

“The US’s practice of escalating tariffs on China is a mistake on top of a mistake, which seriously infringes on China’s legitimate rights and interests and seriously damages the rules-based multilateral trading system,” according to a translation of a statement Wednesday from the country’s State Council Tariff Commission.

European Union

Bessent did not answer shouted questions about whether the European Union would see a 90-day reprieve from Trump’s 20% tax on EU imports.

The European bloc of 27 nations approved new tariffs on a range of American goods Wednesday in retaliation to an earlier round of levies that Trump imposed.

EU lawmakers did not yet publish a final list of the U.S. products it targeted Wednesday.

The EU import taxes are set to begin April 15 and are in response to Trump’s “unjustified and damaging” 25% tariffs on foreign steel and aluminum that went into effect in mid-March, according to a statement from the European Commission.

“These countermeasures can be suspended at any time, should the US agree to a fair and balanced negotiated outcome,” the statement continued.

This is a developing story that will be updated.

 

Last updated 2:29 p.m., Apr. 9, 2025

Virginia Mercury is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Virginia Mercury maintains editorial independence. Contact Editor Samantha Willis for questions: info@virginiamercury.com.

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News from the South - Virginia News Feed

Potential for showers and storms to end the week

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www.youtube.com – 13News Now – 2025-04-30 14:54:32

SUMMARY: I’m 13 News Now meteorologist Evan Stewart. It’s Wednesday, April 30th, with warm temperatures in the 80s across Hampton Roads and Eastern Shore, over 10° above average. A frontal boundary near North Carolina could trigger isolated showers and thunderstorms later today and into the evening. While severe weather is impacting Texas and nearby areas with tornado risks, Hampton Roads faces a low, level one risk for isolated strong storms. Thursday remains warm with a slight 20% rain chance, and Friday brings more late-day showers and storms. A slow-moving front will increase weekend rain chances, possibly lingering into early next week with cooler weather.

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There will be several chances for rain showers and potentially even storms through the weekend.

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News from the South - Virginia News Feed

Virginia sees major drop in fentanyl deaths | Virginia

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www.thecentersquare.com – By Shirleen Guerra | The Center Square – (The Center Square – ) 2025-04-30 12:55:00

(The Center Square) – Virginia just logged one of the sharpest drops in fentanyl deaths in the country — down 44% from last year and nearly cut in half since 2021—Gov. Glenn Youngkin says it’s proof his crackdown is working.

The administration credits everything from drug seizures to tougher laws on dealers, plus a massive naloxone rollout. “Overdose deaths skyrocketed across America and in Virginia, driven primarily by illicit fentanyl flowing across our southern border. With an average of five dying Virginians each day, in 2022, we launched a comprehensive effort to stop the scourge of fentanyl, it’s working, and Virginia is leading,” said Youngkin.

He also tied the drop to border enforcement, echoing President Trump’s argument that immigration policy is key to stopping fentanyl from entering the U.S.  

“Our approach stands on four principles: interrupt the drug trade, enhance penalties for drug dealers, educate people about the dangers of fentanyl, and equip them to save the life of someone in crisis,” said Youngkin in a statement.

According to the Virginia Department of Health, fatal overdoses across all substances fell by 34.1% in 2024 compared to the year before — the sharpest drop since the epidemic peaked in 2021.

Trump’s recent moves include a new order cracking down on sanctuary cities, more troops at the southern border and a pledge to ramp up deportations.

A Reuters/Ipsos poll from April shows 47% of Americans support his immigration policies, while more than half say the administration’s enforcement efforts may be too aggressive.

“We have turned the tide in this battle and must now redouble our efforts to build on our success,” said Dr. Colin Greene, Special Advisor on Opioid Response.

In Virginia, Youngkin’s team points to several key efforts behind the numbers. Operation FREE, a joint law enforcement initiative, has seized enough fentanyl to kill every Virginian ten times over, according to the administration. The commonwealth also banned pill presses, expanded penalties for dealers, and now requires schools to notify parents when student overdoses happen.

Since 2022, nearly 400,000 doses of naloxone have been distributed statewide, and almost 100,000 Virginians have been trained to use it. First Lady Suzanne Youngkin’s “It Only Takes One” campaign is also part of the strategy — aimed at raising awareness among families, schools and local communities.

The post Virginia sees major drop in fentanyl deaths | Virginia appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Right

The article presents a clear ideological perspective, with a tone that strongly supports Governor Glenn Youngkin’s policies on combating fentanyl deaths. It emphasizes the success of Youngkin’s efforts, such as drug seizures, tougher laws, and border enforcement, which aligns with conservative viewpoints, particularly regarding immigration policy and law enforcement. The framing of the issue—highlighting Youngkin’s leadership and drawing connections to President Trump’s immigration stance—reinforces a right-leaning narrative, suggesting that tougher border control is key to solving the fentanyl crisis. The article does not present significant counterpoints or explore opposing viewpoints on these measures, which could balance the coverage. Overall, the content reflects a pro-administration stance, particularly aligning with the policies of the Republican Party.

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Report: Commanders would get largest public stadium subsidy in history | Maryland

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www.thecentersquare.com – By Jon Styf | The Center Square – (The Center Square – ) 2025-04-30 12:17:00

(The Center Square) – The Washington Commanders $2.7 billion stadium project touted at a Monday press conference as mainly funded by the team actually includes more than $2.5 billion worth of subsidies, according to the stadium financing blog Field of Schemes.

Neil DeMause, who covers publicly funded stadium projects across the country, published the proposed stadium agreement term sheet while adding up those costs beyond the $500 million through Sports Facilities Fee with a tax capture at the stadium that would be created to pay off bonds, along with $175 million for the parking structure. Events DC, which is partially funded through taxpayer money, will put $181 million toward parking garages on the property and D.C. will pay $202 million for utilities infrastructure, roadways and a WMATA transit study.

DeMause detailed the Commanders’ tax savings, including a $429 million property tax break because the city owns the stadium, $1 a year in rent over the 30-year lease term on federal land where the city has control of development that is estimated to be worth $1 billion.

“This is being sold as one of the smallest public contributions to an NFL stadium on a percentage basis,” DeMause told The Center Square. “But, once you count all of the different subsidies including tax breaks and other things like that. First of all, that’s not even true on a percentage basis but, secondly, this could be the easily the largest public subsidy for any stadium deal in history and the public is set to get nothing back.”

While the district will pay for portions of the stadium project, it will not receive any of the revenue from events at the stadium, stadium naming rights, personal seat licenses or parking on the 180-acre site.

The issue with a city taking revenue from a stadium it owns and paid to build has come up in Ohio with a pair of budget office reports on a proposed $600 million subsidy from the state of Ohio, where the office recommended the “state receive revenue-sharing from events commensurate with our property ownership share.”

Despite the claims from D.C. Mayor Muriel Bowser, Commanders co-owner Josh Harris and NFL Commissioner Roger Goodell at Monday’s press conference, research from economists on stadium projects has consistently shown that those projects do not bring the promised returns to taxpayers.

The post Report: Commanders would get largest public stadium subsidy in history | Maryland appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Left

The article leans toward a Center-Left perspective primarily through its critical framing of the Washington Commanders’ stadium funding. The tone and language emphasize the significant public subsidies and tax breaks involved, highlighting concerns about the burden on taxpayers and questioning the claimed minimal public contribution. The inclusion of expert opinions and references to economic research skeptical of stadium-related public investments further signals a critical stance on government spending that benefits private entities. While the article reports factual details and figures, it selects information and frames it in a way that challenges pro-subsidy arguments, a common theme in Center-Left critiques of public funding for private projects.

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