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Trump tariffs live updates: US won't drop China tariffs without something 'substantial'
"Otherwise, I'm not going to drop ‘em. It'll all work out," Trump said
President Donald Trump is claiming, in a Time magazine interview out Friday, that he's made "200 deals" so far in tariff talks but wouldn't say why he hadn't announced any.
He also said that he would be "finished" with negations in the next 3-4 weeks.
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12 states sue Trump administration to stop tariffs
A dozen states, led by New York, are suing the Trump administration for "imposing imposing unprecedented tax hikes on Americans in the form of tariffs," according to an announcement released by New York Attorney General Letitia James and Gov. Kathy Hochul.
The announcement said the tariffs imposed on nearly every country risk causing "severe economic damage" throughout the United States.
"Donald Trump promised that he would lower prices and ease the cost of living, but these illegal tariffs will have the exact opposite effect on American families," James said. "His tariffs are unlawful and if not stopped, they will lead to more inflation, unemployment, and economic damage."
Hochul added that the president's "reckless tariffs have skyrocketed costs for consumers and unleashed economic chaos across the country. ... "Attorney General James and I are partnering on this litigation on behalf of New York consumers, because we can't let President Trump push our country into a recession."
Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, Oregon and Vermont joined New York in the lawsuit.
Americans largely disapprove of Trump's tariff actions, poll finds
A majority of Americans disapprove of some of the second Trump administration's key economic actions, including increased tariffs and cuts to federal agencies, a poll from the Pew Research Center published Wednesday found.
Conducted earlier this month, the poll found that 39% of Americans approve of increasing tariffs on goods imported from most U.S. traders, while 59% disapprove, and 1% did not answer.
Overall, 59% of U.S. Americans disapprove of President Donald Trump's general job performance, while 40% approve and 1% did not answer.
– ABC News' Oren Oppenheim
'There will be no unilateral reduction in tariffs against China,' Leavitt says
When asked about the timeline for a reduction in tariffs against China while speaking on Fox News Wednesday afternoon, White House press secretary Karoline Leavitt was firm in her response that there will be "no unilateral reduction in tariffs" against China.
"Let me be clear. There will be no unilateral reduction in tariffs against China. The president has made it clear, China needs to make a deal with the United States of America," Leavitt said.
She added they are "optimistic" that a deal will happen, and that it is "up to the president" what the tariff rate will be.
China halts Boeing deliveries, returns planes due to tariffs, CEO says
In an interview with CNBC, Boeing CEO Kelly Ortberg said China has sent back planes and added that the country has also stopped taking any further deliveries due to tariffs.
"I think we've got two of those already back, and we're bringing the third airplane back. They have, in fact, stopped taking delivery of aircraft due to the tariff environment. We have roughly 50 airplanes in our plan this year going into China. So we're going to be pretty pragmatic with what we do here for those airplanes that haven't been built yet."
The CEO said Boeing does not currently expect any negative cost impacts from the tariffs, but added that its focus is to keep the supply chain healthy and be able to make deliveries.
In the Boeing Q1 earnings call, Ortberg reiterated his remarks to CNBC on customers in China not taking deliveries and said Boeing continues to work with the Trump administration on tariffs.
"It's an unfortunate situation, but we have many customers who want near-term deliveries, so we plan to redirect the supply to the stable demand," Ortberg said. "We're not going to continue to build aircraft for customers who will not take them."
-- ABC News' Clara McMichael, Ayesha Ali, and Sam Sweeney