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U.S. tariffs on China remain unchanged, says Lutnick

U.S. tariffs on China are set to remain unchanged, confirms Commerce Secretary Howard Lutnick amid ongoing trade negotiations.

Published

6 months ago

June 12, 2025

Ahron Young

U.S. tariffs on China are set to remain unchanged, confirms Commerce Secretary Howard Lutnick amid ongoing trade negotiations.

In Short:
U.S. tariffs on Chinese imports will stay the same despite ongoing trade talks, with Trump claiming a deal is near but still awaiting approval. Concerns persist over China’s planned temporary licenses for U.S. imports and the impact on supply chains.

Commerce Secretary Howard Lutnick confirmed that U.S. tariffs on Chinese imports will remain unchanged, despite ongoing trade negotiations.

In a recent interview on CNBC, Lutnick stated that current tariff levels will not shift, aligning with President Donald Trump’s assertion of a total 55% tariff rate, which combines existing blanket tariffs and additional product-specific duties.

Trump declared that a deal with China is “done” but still pending final approval. He noted that China’s tariffs on U.S. goods remain at 10%, consistent since a prior agreement to ease duties.

Specifics unresolved

Recent trade talks in London aimed to establish a truce after a preliminary agreement in Geneva, though specifics remain unresolved. Lutnick mentioned that there was a noticeable delay from China regarding rare earth exports, prompting actions from the U.S., including visa restrictions on Chinese students.

Following Trump’s direct communication with Chinese President Xi Jinping, immediate approval for U.S. magnets and rare earths was anticipated. However, concerns linger regarding the temporary six-month licenses China plans to issue for U.S. imports, creating potential instability.

The White House has yet to provide further clarification on the details of the agreement reached during the London discussions. As the trade relationship evolves, uncertainties about supply chain impacts remain a topic of interest.

News

SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Published

2 days ago

December 12, 2025

Harvey Vargas

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech

News

Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Published

2 days ago

December 12, 2025

Harvey Vargas

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates

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Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Published

2 days ago

December 12, 2025

Harvey Vargas

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.

The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.

Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.

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