Even if the tariffs were to be reversed tomorrow, one wine business leader said, it would take "at least a year, if not longer, for my industry to recover.”
Separate warnings by the chipmaking giant and the chairman of the Federal Reserve about the impact of White House policies contributed to another sell-off on Wall Street.
Trump has repeatedly said the United States is taking in $2 billion per day from tariffs, including revenues directly resulting from his so-called reciprocal tariffs.
Sen. Chris Van Hollen, D-Md., flew to El Salvador today to try to visit Abrego Garcia, who was living in Maryland before the Trump administration mistakenly deported him.
The message Xi is sending on his tour is loud and clear. China is seeking to capitalize on the Trump administration’s truculence to cast itself as the world’s preferred trading partner.