CNN Shorts
EU products being hit by US tariffs
01:30 - Source: CNN
CNN MW tariffs shorts 7 videos
EU products being hit by US tariffs
01:30 - Source: CNN
Economist says there's a math error in the formula used to calculate Trump's tariffs
01:39 - Source: CNN
Leavitt on Navarro-Musk: 'boys will be boys'
00:52 - Source: CNN
Acting South Korea president on tariffs
01:57 - Source: CNN
Hearing with Trump trade official gets heated
01:15 - Source: CNN
Here's how much sneakers could cost under Trump's manufacturing plan
00:26 - Source: CNN
How American consumers will be 'hammered' by tariffs: Tom Foreman explains
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Business Insider
3 minutes ago
- Business Insider
Trump's former Commerce Secretary, Wilbur Ross, says the US-China deal is still far from comprehensive
President Donald Trump's former Secretary of Commerce doesn't think the trade deal between the US and China is close to being "done." "It looks as though they made a fairly modest deal, mostly focusing on export controls on both the US side and the China side," Wilbur Ross, who was part of the first Trump administration, told Business Insider. "So it's far from a comprehensive deal." On Wednesday morning, Trump said on Truth Social that the deal with China is now "done." "It seems more or less to be reiterating the deal they thought they had set a few weeks ago," Ross said of the deal. China and the US reached a trade framework agreement on Tuesday, after their respective negotiation teams held two-day talks in London. The current Secretary of Commerce, Howard Lutnick, is part of the US trade talk team. "Full magnets, and any necessary rare earths, will be supplied, up front, by China," Trump added in all caps in the post. "Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!)." Ross said that the deal has not addressed many important issues, including intellectual property, so it may be too soon to call this a victory. "The Chinese side has been very careful to say it still needs to be approved by President Xi," said Ross. "When we negotiated with the China side last time, it wasn't unusual for the trade negotiators to agree to something, and then they would go back to Xi, and he would not go along with it." This year in duties on imports from China reached up to 245% on some goods. On May 14, many of the tariffs on China were reduced to 30% for 90 days, with a deadline of August 12. A 10% baseline tariff is still in place on the rest of the world, while additional higher tariffs on 75 countries have been paused until July 9. Ross said that it would be important to complete at least a few deals with key trading partners before the tariff pause on 75 countries expires. "I think that will help clear the air for the stock market because it'll start to show a direction and that there is a way to get all these things resolved," he said. "It's very important from a bond market point of view and from an equity market point of view."
Associated Press
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AP PHOTOS: Bruce Springsteen's Berlin concert
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USA Today
5 minutes ago
- USA Today
Costco announces earlier shopping hours for executive members, more benefits
Costco announces earlier shopping hours for executive members, more benefits Show Caption Hide Caption The companies standing up to Trump on DEI Companies like Costco and Levi's are rejecting the White House's position on diversity, equity and inclusion. Costco has announced the rollout of new benefits for executive members, set to go into effect at the end of the month. The retail warehouse giant told members on June 11 in an email, and confirmed to USA TODAY, that its locations will open at 9 a.m. exclusively for its upper-level members starting June 30. The company also said its warehouses will remain open an extra hour on Saturdays for all members, closing at 7 p.m. Costco revealed that executive members will receive a monthly $10 credit for orders of $150 placed through the company's "Same-Day" service or Instacart. The company did not provide further comment on the new benefits when contacted by USA TODAY on June 11. Costco's early executive membership shopping hours Monday – Friday: 9 a.m. – 10 a.m. Saturday: 9 a.m. – 9:30 a.m. Sunday: 9 a.m. – 10 a.m. Costco executive membership benefits Costco Executive Members already receive the benefits of Gold Star membership, including: warehouse access, Costco fuel access and a free household card. Executive Members also receive an annual 2% reward on qualified purchases, as well as discounts on Costco services. The membership costs $130 per year.
