LIVE Video: Trump to give announcement on lowering drug prices
President Trump announced Friday that the U.S. will impose a 100 percent tariff on Chinese goods.
Earlier Friday, he issued a stark warning over China’s implementation of rare earth controls, which prompted the stock market to plummet.
“It is impossible to believe that China would have taken such an action, but they have, and the rest is History,” Trump posted on Truth Social. The tariffs will go into effect Nov. 1.
The president is giving remarks from the Oval Office about lowering drug prices, but he will likely address the new tariff as well as news that federal workers are beginning to be laid off.
Earlier Friday, the White House announced that federal layoffs have begun as the Trump administration has threatened to lay off furloughed workers amid the government shutdown.
The administration offered no specifics on which agencies or how many people would be affected. But here is The Hill’s list of agencies affected so far.
The Senate voted against the House GOP bill to open the government Thursday, and later the chamber left for the Columbus Day weekend. The Senate will not return until Tuesday evening.
Speaker Mike Johnson (R-La.) rebuffed calls Friday morning to bring the House back to Washington, D.C., telling reporters that lawmakers needed to be at home to assist their constituents amid the government shutdown.
The move comes as Johnson has faced pressure over not recalling lawmakers to vote on military pay amid the lapse in funding.
Follow along for live updates.
Source: The Hill
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