The President's Daily Brief PDB Afternoon Bulletin | April 30th, 2025: China Caves On More Tariffs—Exempts List Of US Goods & Why Trump May Be Turning On Putin
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Apr 30, 2025 China is easing tariffs on select U.S. goods to alleviate pressure on its economy, a strategic move amidst the trade war. Meanwhile, President Trump’s meeting with Ukrainian President Zelensky at the Vatican sparks discussions on adopting a tougher stance against Putin. The dialogue reveals a potential shift in U.S.-Ukraine relations, emphasizing security guarantees and the need for a ceasefire in the ongoing conflict.
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China's Quiet Tariff Exemptions
- China is quietly exempting certain US products from tariffs to ease economic damage despite public hardline tones.
- Their export-dependent economy is hurting with factories shutting and orders drying up.
US Economy Faces Contraction
- The US economy shrank 0.3% in Q1 2025, the first negative growth since 2022.
- The tariffs and trade tensions contribute to disruptions impacting imports and consumer prices.
Protect Savings with Precious Metals
- Preserve access to gold and silver despite tariffs to protect savings.
- Consult with a precious metals specialist for tax-sheltered accounts and converting IRAs.