President Donald Trump announced a stunning about-face on Wednesday, putting a 90-day pause on his international tariffs

In the last week, the US Space Force awarded SpaceX a $5.9 billion deal to make Elon Musk's space company the Pentagon's leading launch provider, and then it assigned the vast majority of this year's most lucrative launch contracts to SpaceX.

On top of these actions, the Space Force reassigned the launch of a GPS navigation satellite from United Launch Alliance's long-delayed Vulcan rocket to fly on SpaceX's Falcon 9. ULA, a joint venture between Boeing and Lockheed Martin, is SpaceX's chief US rival in the market for military satellite launches.

Given the close relationship between Musk and President Donald Trump, it's not out of bounds to ask why SpaceX is racking up so many wins. Some plans floated by the Trump administration involving SpaceX in recent months have raised concerns over conflicts of interest.

Read full article

Comments

© Photo by Mandel Ngan/AFP

On Wednesday, Donald Trump, once again, took to Truth Social to abruptly shift US trade policy, announcing a 90-day pause "substantially" lowering reciprocal tariffs against all countries except China to 10 percent.

Because China retaliated—raising tariffs on US imports to 84 percent on Wednesday—Trump increased tariffs on China imports to 125 percent "effective immediately." That likely will not be received well by China, which advised the Trump administration to cancel all China tariffs Wednesday, NPR reported.

"The US's practice of escalating tariffs on China is a mistake on top of a mistake," the Chinese finance ministry said, calling for Trump to "properly resolve differences with China through equal dialogue on the basis of mutual respect."

Read full article

Comments

© Aurich Lawson | Getty Images

Trump blindsided the world on Wednesday, April 9, by putting a sudden 90-day pause on his tariffs for nearly all nations

Texas Rep. Jasmine Crockett called out the president’s pricey golf weekends during a DOGE subcommittee hearing on Tuesday, saying, "We're not getting anything in return for that"

Tariffs on China will be raised to 125%, according to the mad king.

The internet's small business owners are coming to understand what Trump's tariffs mean for their bottom line.

"They don't want to do gidgets and widgets and wadgets."

Musk called Peter Navarro "dumber than a sack of bricks" in a Tuesday X post

The Duchess of Sussex said that all of the As Ever products are currently made in the U.S.

Trump's previous attempt to organize a grand parade in 2018 was called off due to its $92 million price tag

Navarro said Musk wasn't a manufacturer of cars, just an "assembler."

An executive order will direct the federal government to list coal as a critical mineral and force some coal-fired power plants to keep generating electricity.

The billionaire class stands to lose more than the average American from Trump's dumb trade war.

Our reality just keeps getting stupider.

Agriculture Secretary Brooke Rollins claims that turning trees into timber will help prevent wildfires, though experts have deemed it a harmful and inefficient method

Framework—a company that makes upgradeable and repairable laptops—has said it will pause sales on several versions of one of its models in America thanks to Trump’s tariffs.

“Due to the new tariffs that came into effect on April 5th, we’re temporarily pausing US sales on a few base Framework Laptop 13 systems (Ultra 5 125H and Ryzen 5 7640U). For now, these models will be removed from our US site. We will continue to provide updates as we have them,” Framework said in a post on X.

“The United States has a chance to do something that should have been done DECADES AGO," Trump said of his explosive tariff plan. "Don’t be a PANICAN (A new party based on Weak and Stupid people!)"

Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

Trump has claimed that Americans must take their "medicine," bearing any pains from tariffs while waiting for supposed long-term gains from potentially pressuring China—and every other country, including islands of penguins—into a more favorable trade deal. On Monday, tech companies across the US likely winced when Trump threatened to heap "additional" 50 percent tariffs on China, after China announced retaliatory 34 percent tariffs on US imports and restricted US access to rare earth metals.

Posting on Truth Social, Trump gave China one day to withdraw tariffs to avoid higher US tariffs.

Read full article

Comments

© Luis Diaz Devesa | Moment

The Trump administration recently invoked an obscure wartime law to send hundreds of immigrants to a contracted prison in Central America