The Biden administration is raising tariffs on $18 billion worth of imports from China. It includes raising the tariffs on electric vehicles from 25% to 100% and on semiconductors from 25% to 50%.
One thing Biden has been struggling with is the fact that Americans are still frustrated with stubbornly high inflation. Biden acknowledges that"people are just uncertain" about the economy right now, but he plans to"be steady, stay the course," adding it's"going to take a little more time."It's, it's an honor to be uh inside the White House.
Well, I'm sure China will talk a lot about it but the fact is China already is what you might say, way over, way over their, their skis on this.But I think they'll probably try to figure out how they can raise tariffs, maybe on products that are unrelated. But the fact is that I think people are just uncertain and that's why we got to be steady stay the course and continue to produce this incredible job and the job and by the way to pay for the jobs are, are outpacing the inflation rate they pay.
Donald Trump Jr. visited Peter Navarro in a Miami federal prison, according to sources familiar with the situation. Navarro, the former Trump White House adviser, was convicted in September of two counts of contempt of Congress for refusing to provide testimony and documents to the House Select Committee that investigated the Jan. 6 attack on the U.S. Capitol. Trump Jr. confirmed the visit to ABC News.