Connect with us

News from the South - Virginia News Feed

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

Published

on

Mi

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.

The post Trump sets 90-day pause on many tariffs, hikes China to 125% appeared first on virginiamercury.com

News from the South - Virginia News Feed

Clean energy bills stall as report ranks Virginia’s energy affordability | Virginia

Published

on

www.thecentersquare.com – By Shirleen Guerra | The Center Square – (The Center Square – ) 2025-04-11 15:37:00

(The Center Square) – Gov. Glenn Youngkin vetoed multiple clean energy bills this session, as a new report ranked Virginia 23rd in the nation for energy affordability thanks to its diverse power mix.

A new report from the American Legislative Exchange Council credits Virginia’s relatively low electricity prices to its heavy reliance on natural gas and nuclear power, which together supply nearly 90% of the commonwealth’s energy.

The report shows that 56% of Virginia’s electricity comes from natural gas, followed by 32% from nuclear power and just 5% from solar and other renewables.

Despite that mix, lawmakers passed a slate of clean energy bills this session to expand solar access, improve energy planning and support low-income households. “Virginia’s energy policy framework includes a hat-trick of a Renewable Portfolio Standard, Cap-and-Trade policy, and a net metering policy,” the report states. “Despite these policies that encourage the adoption of solar energy by making it more economically viable for consumers, solar energy remains at only 5% of total electricity contribution.”

One of the vetoed proposals was House Bill 1935, which would have created a task force to improve access to energy efficiency upgrades and weatherization services for low-income households.

House Bill 2413 would have expanded Virginia’s utility planning process by requiring more public input, longer-term forecasting and clean energy considerations. Youngkin vetoed it, arguing the State Corporation Commission already has authority over those plans.

Senate Bill 823 also would have required utilities like Dominion Energy and Appalachian Power to submit detailed workforce development plans when building renewable energy facilities, “giving priority to the hiring, apprenticeship, and training of local workers, workers from historically economically disadvantaged communities, and veterans.”

House Bill 1616 would have created a workforce development program to support offshore wind jobs in Hampton Roads, but the governor rejected it, saying the bill duplicated existing efforts.

House Bill 2537, which would raise Virginia’s energy storage targets and require the development of local model ordinances, remains under review after lawmakers rejected the governor’s proposed substitute. He now has until May 2 to take final action.

House Bill 1883, which updates renewable portfolio standard rules for Dominion Energy and clarifies what qualifies as solar energy under state law, is also awaiting final action after lawmakers rejected the governor’s proposed changes. He has until May 2 to approve, veto, or amend the bill again.

At the same time, Dominion Energy is seeking approval to build a $4.5 billion natural gas plant in Chesterfield County, drawing criticism that it could lock Virginians into decades of higher energy costs. 

The post Clean energy bills stall as report ranks Virginia’s energy affordability | Virginia appeared first on www.thecentersquare.com

Continue Reading

News from the South - Virginia News Feed

Illegally parked boats: How a Maryland woman got one towed after a year | NBC4 Washington

Published

on

www.youtube.com – NBC4 Washington – 2025-04-11 14:22:33

SUMMARY: Connie Bod, a resident of Maryland’s Kingswood neighborhood, successfully had an illegally parked boat towed after over a year of complaints. The boat, which belonged to an out-of-neighborhood owner, was distracting and caused frustration for Bod and her neighbors, who repeatedly called 311 for help. Despite the owner’s insistence that parking it was legal, Bod enlisted County Council member Eric Olsen, who proposed a bill banning boat parking on public streets. The bill passed, imposing fines and allowing towing of violators’ boats. The boat outside Bod’s home was removed about a month ago, marking a victory for the neighborhood.

YouTube video

_______
NBC4 Washington / WRC-TV is the No. 1 broadcast television station and the home of the most-watched local news in Washington, D.C. The station leads the market in providing timely and breaking news and information in text, video and graphics across more than 15 platforms including NBCWashington.com, the NBC4 app, NBC4 streaming news channel, newsletters, and social media. 

FOLLOW & STREAM NBC4 WASHINGTON
NBC4 News Streaming channel: https://www.nbcwashington.com/watch/
Xumo Play: https://play.xumo.com/live-guide/nbc-washington-dc-news
Roku: https://therokuchannel.roku.com/watch/021707311e0b595597f97a389e0051e6/nbc-washington-dc-news
Also available on Pluto TV, Freevee, Google TV, TCL, Local Now, and Samsung TV Plus.

More here: https://www.nbcwashington.com/watchlive/
Instagram: http://nbc4dc.com/3HxYkYH
Threads: http://nbc4dc.com/ZYZAAHJ
Facebook: http://nbc4dc.com/iD1GvRQ
X: http://nbc4dc.com/APF7vQM
TikTok: http://nbc4dc.com/pg5Nx67
VISIT OUR SITE: https://www.nbcwashington.com/

DOWNLOAD OUR FREE APPS: https://www.nbcwashington.com/products/
WATCH NBC4 LIVE ON AMAZON FIRE TV: https://www.nbcwashington.com/firetv/
WATCH NBC4 LIVE ON ROKU: https://www.nbcwashington.com/roku/d

Source

Continue Reading

News from the South - Virginia News Feed

Lawmakers want military recruitment materials prominently displayed in schools | Virginia

Published

on

www.thecentersquare.com – By Sarah Roderick-Fitch | The Center Square – (The Center Square – ) 2025-04-11 13:49:00

(The Center Square) – As graduation season approaches, high school seniors may be weighing their future education and career plans, a pair of congressmen want to ensure the military is included.

Reps. Jen Kiggans, R-Va., and Jimmy Panetta, D-Calif., have introduced bipartisan legislation, the Engaging Next-General Leaders in Information about Service and Training Act. The acronym is ENLIST.

The lawmakers argue that military recruitment materials are “often left behind,” unlike college brochures and career fair materials that litter high school hallways. The pair want to ensure that military recruitment materials receive “equal space,” allowing students to weigh all their future options, including the opportunity to serve in the military.

Kiggans, a Navy veteran, Navy spouse, and mother, knows firsthand the opportunities serving in the military can provide and hopes high schoolers can explore the benefits of serving.

“When America’s high school students are weighing their post-graduation options and deciding their future, they deserve to understand every potential path,” said Kiggans. “My ENLIST Act ensures that students see military service as a viable and honorable path after graduation –right alongside college and the workforce. This bipartisan legislation is about fairness, visibility, and giving our next generation the full picture of how they can lead, grow, and serve their country.”

The legislation would “require secondary schools to display and make accessible information regarding military recruiting during school hours,” reinforcing current law guaranteeing military recruiters equal access to schools as colleges and potential employers.

The lawmakers say “federal law mandates access for military recruiters in schools receiving federal funds,” although they say “many schools fall short” of promoting military recruitment materials.

A release from Kiggan’s office says that around 70,000 people enlist in the Armed Forces each year, adding that about half are recent high school graduates.

Despite concerns from lawmakers that the military may be overlooked, recruitment numbers indicate otherwise.

The two largest branches of the military, the Army and Navy, reported they had exceeded recruitment goals for the Fiscal Year 2024, with 55,150 recruited for the Army and the Navy signing 40,978 recruits, marking the Navy’s “most significant recruiting achievement in 20 years,” according to the Department of the Navy.

The post Lawmakers want military recruitment materials prominently displayed in schools | Virginia appeared first on www.thecentersquare.com

Continue Reading

Trending