Politics
China threatens retaliation for Trump’s planned tariff hike
Published
7 years agoon
BEIJING (AP) — China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling.
China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions.
Trump rattled financial markets with Thursday’s surprise announcement of 10% tariffs on $300 billion of Chinese imports, effective Sept. 1. That would extend punitive duties to everything the United States buys from China.
If that goes ahead, “China will have to take necessary countermeasures to resolutely defend its core interests,” said a foreign ministry spokeswoman, Hua Chuying.
“We don’t want to fight, but we aren’t afraid to,” Hua said at a regular news briefing. She called on Washington to “abandon its illusions, correct mistakes, and return to consultations based on equality and mutual respect.”
Washington and Beijing are locked in a battle over complaints China steals or pressures companies to hand over technology. The Trump administration worries American industrial leadership might be threatened by Chinese plans for government-led creation of global competitors in robotics and other technologies. Europe and Japan echo U.S. complaints those plans violate Beijing’s market-opening commitments.
Washington earlier imposed 25% tariffs on $250 billion in Chinese products. Beijing has retaliated by raising import duties on $110 billion of U.S. goods.
Beijing is about to run out of American imports for retaliation due to their lopsided trade balance.
China imported U.S. goods worth about $160 billion last year. But regulators have extended retaliatory measures to include slowing down customs clearance for American companies and putting off issuing license in insurance and other fields.
Beijing also is threatening to release an “unreliable entities” blacklist of foreign companies that might face restrictions on doing business with China. Plans for that were announced after Washington imposed crippling restrictions in May on sales of U.S. technology to Chinese tech giant Huawei Technologies Ltd.
Trump’s announcement surprised investors after the White House said Beijing promised to buy more farm goods. It came as their latest trade talks ended in Shanghai with no sign of a deal. Officials said they would resume next month in Washington.
The announcement “is likely to put a comprehensive deal further out of reach,” said Fitch Solutions in a report.
Tokyo’s main stock market index fell 2.5% by midday and Hong Kong’s benchmark lost 2.3%. Markets in Shanghai, Sydney and Seoul also declined.
Earlier on Wall Street, the benchmark Standard & Poor’s 500 fell for a fourth day, losing 0.9% to 2,953.56.
The Dow Jones Industrial Average declined 1% to 26,583.42. The Nasdaq composite ended 0.8% lower at 8,111.12.
Also Friday, China’s yuan fell to its lowest level this year against the dollar after Trump’s tariff threat fueled concerns about slowing economic growth, coming close to breaking the politically sensitive level of seven to the U.S. currency.
The yuan tumbled to 6.9520 to the dollar, its weakest since December, but recovered slightly by midday.
Trump’s threat “will likely put more depreciation pressure” on the currency, said Tao Wang of UBS in a report. She said Beijing is likely to “tightly manage” the exchange rate “to avoid any significant depreciation.”
The currency’s weakness is helping to fuel Washington’s trade complaints. The U.S. Treasury Department declined in May to label China a currency manipulator but said it was closely watching Beijing.
The level of seven yuan to the dollar has no economic significance, but could revive U.S. attention to the exchange rate.
Trump’s earlier tariffs were intended to minimize the impact on ordinary Americans by focusing on industrial goods. But the new tariffs will hit a vast range of consumer products from cellphones to silk scarves.
China’s foreign minister criticized the move.
“Imposing tariffs is definitely not the right way to resolve trade frictions,” Wang Yi told reporters in Bangkok, where he was attending a meeting of the Association of Southeast Asian Nations.
Trump has long said he was preparing to tax the $300 billion in additional Chinese tariffs. But he had suspended the threat after meeting Xi at a gathering of the Group of 20 major economies in Osaka, Japan.
The president accused Beijing of failing to follow through on stopping the sale of fentanyl to the United States or on purchasing large quantities of farm goods such as soybeans. Speaking to reporters Thursday at the White House, Trump complained Xi is “not moving fast enough.”
Talks broke down in May after the United States accused the Chinese of reneging on earlier commitments.
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Florida
Florida Sen. Shevrin Jones Will Not Seek Re-Election, Fuels Speculation About Congressional Run
Published
2 days agoon
May 31, 2026MIAMI, Fla. (FNN) — Democratic State Sen. Shevrin Jones announced Wednesday that he will not seek re-election to Florida Senate District 34, ending a 13-year tenure in the Florida Legislature and fueling speculation about a possible run for Congress.
Jones, who has represented Senate District 34 since 2020, shared the decision in a video posted on social media.
“After a lot of prayer, reflection, and honest conversations with the people closest to me, I’ve decided that I will not seek re-election to the Florida Senate,” Jones said.
13 Years in the Florida Legislature
Jones was first elected to the Florida House of Representatives in 2012, where he served until his election to the Florida Senate in 2020. During his legislative career, he emerged as one of South Florida’s most prominent Democratic lawmakers, advocating on issues including education, healthcare, economic opportunity, and civil rights.
His decision not to seek another term marks the end of more than a decade of service in Tallahassee.
Speculation Grows About Congressional Bid
Jones’ announcement comes as political observers speculate that he may be preparing a campaign for Florida’s 24th Congressional District.
The seat is expected to become open following Congresswoman Frederica Wilson’s decision not to seek re-election in 2026. Wilson has represented the district since 2011 and remains one of South Florida’s most influential Democratic leaders.
Although Jones did not formally announce plans for another office, he acknowledged public interest regarding his political future.
“I know there’s been a lot of conversation about what’s next for me,” Jones said. “And there will be time to talk about that at a later date.”
Open Congressional Seat Draws Attention
Wilson’s departure is expected to trigger a competitive race to succeed her in Congress, with several current and former elected officials reportedly considering bids for the seat.
Jones’ decision to leave the Florida Senate immediately places him among the names being discussed as a potential contender for the congressional district, which includes portions of Miami-Dade and Broward counties.
Florida
Former Air Force Colonel and Physician Rudolph Moise Seeks Florida Congressional Seat Vacated by Frederica Wilson
Published
2 days agoon
May 30, 2026MIAMI, Fla. (FNN) — South Florida Congresswoman Frederica Wilson has announced she will not seek reelection to Florida’s 24th Congressional District, creating an open-seat race that is expected to draw significant attention ahead of the 2026 election cycle.
Even before Wilson’s retirement announcement became public, Dr. Rudolph “Rudy” Moise had already shifted his political focus. Moise withdrew from the crowded race for Florida’s 20th Congressional District to pursue a campaign for the seat currently held by Wilson.
Moise Brings Military, Medical, Legal, and Business Experience
Moise is a longtime physician, attorney, businessman, and retired U.S. Air Force colonel. Over the years, he has built a public profile through his medical practice, community involvement, and repeated campaigns for federal office in South Florida.
His decision to enter the race immediately positions him among the most recognizable candidates seeking to succeed Wilson in Congress.
No Stranger to Running Against Wilson
Moise is no stranger to challenging Wilson at the ballot box.
He previously mounted two congressional campaigns against the longtime Democratic incumbent but was unsuccessful in his efforts to unseat her. Despite those defeats, Moise maintained a visible presence in South Florida politics and continued advocating on issues related to healthcare, economic development, public safety, and government accountability.
With Wilson now stepping aside, Moise will have his first opportunity to compete for the seat without facing the incumbent congresswoman.
Political observers note that Moise’s prior campaigns have given him valuable name recognition and an established network of supporters throughout Miami-Dade and Broward counties.
Redistricting Could Reshape the Political Landscape
Florida’s congressional map underwent significant changes following redistricting approved by Governor Ron DeSantis. The revised boundaries altered several congressional districts across the state, including portions of South Florida.
The new district configuration could create different political dynamics than those Moise faced during his previous campaigns against Wilson.
As candidates begin to organize for the 2026 election cycle, the open-seat contest is expected to attract a competitive field of Democratic and Republican contenders seeking to represent one of South Florida’s most prominent congressional districts.
With Wilson’s departure ending an era in South Florida politics, voters will soon decide who will succeed the veteran congresswoman and represent Florida’s 24th Congressional District in Washington.
Central Florida News
Puerto Rican Business Owner Tatiana Fernandez running for Orange County Commission District 8
Published
2 days agoon
May 30, 2026ORLANDO, Fla. (FNN) — The Orange County Board of County Commissioners recently approved a new District 8 seat to address the county’s continued population growth and expanding communities.
Tatiana Fernandez officially entered the race for the newly created Orange County Commission District 8 seat after announcing her candidacy on social media and filing the necessary paperwork with the Orange County Supervisor of Elections.
Fernandez Highlights Business, Advocacy, and Community Leadership Experience
Fernandez, a Puerto Rican-born business owner, autism advocate, and community leader, said her campaign is focused on strengthening families, supporting small businesses, and expanding opportunities throughout Orange County.
“Latinos are shaping the future of America,” Fernandez stated in her campaign announcement. “Together, we can build stronger communities, greater opportunities, and a brighter future for our children.”
Fernandez currently serves on the Orange County Commission on Aging Board, where she advocates for programs and services benefiting seniors throughout the county.
Her professional and community background includes:
• Business owner since 2015 with extensive experience in entrepreneurship and business development.
• Owner of Pantera Technical Services, a Women-Owned Small Business (WOSB) headquartered in Daytona Beach, Florida.
• On-the-job training provider for Florida Vocational Rehabilitation students since 2019.
• Autism advocate serving families in Seminole County since 2007.
• Fully bilingual in English and Spanish.
• Born and raised in Puerto Rico.
• Resident of Florida since 2004 after living in Boston from 1994 to 2000.
• Academic studies in banking, pre-law, finance, government relations, and healthcare administration.
• Volunteer with the Lake Mary High School Robotics Program from 2017 to 2020.
• Registered volunteer for former Florida State Representative Daisy Morales in both Orlando and Tallahassee offices.
• Candidate for Florida’s 7th Congressional District during the 2022 and 2024 election cycles.
Campaign Focused on Families, Seniors, and Small Businesses
Fernandez said Orange County residents deserve leadership that listens to the community and understands the challenges facing working families, senior citizens, and small-business owners.
“Our community deserves leadership that listens, works hard, and truly understands the needs of families, seniors, and small businesses,” Fernandez said. “I look forward to continuing to serve Orange County with integrity, compassion, and dedication.”
She is encouraging supporters to volunteer, share campaign information, and contribute to her effort to represent the newly established district.
Crowded Field Emerges for New District 8 Seat
Fernandez joins a growing field of candidates seeking election to the new Orange County Commission District 8 seat. Other announced candidates include Vic Torres, Jeannette Quinones-Hernandez, Isaiah Louis Anderson, Julio Rocha, and George Haas.
Candidate qualifying is scheduled for June 8-12, 2026. The primary election will be held on August 18, 2026, with voters selecting the first commissioner to represent the newly created district.
The District 8 seat is expected to be one of Orange County’s most closely watched races as candidates compete to represent a rapidly growing and increasingly diverse constituency.
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