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The Rachel Maddow Show 5/12/2025 | ๐Ÿ…ผ๐Ÿ†‚๐Ÿ…ฝ๐Ÿ…ฑ๏ธ๐Ÿ…ฒ BREAKING NEWS Today MAY 12, 2025

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**Breaking News: Tensions Rise as Trump Claims “Total Reset” in Trade Talks with China**

In a dramatic twist to the ongoing trade saga, former President Donald Trump has just declared a “total reset” following the first round of trade talks with China, labeling the meeting as “very good” and “constructive.” This announcement comes on the heels of the first Chinese goods arriving at U.S. ports, now subject to a staggering 145% tariff imposed by Trump’s administration. Major retailers like Amazon, Home Depot, and IKEA are among those bracing for impact as the economic landscape shifts.

At the Port of Seattle, however, the situation is dire. Port Commissioner Ryan Kulkin revealed that as of today, the docks are eerily quiet with zero container ships present, raising alarms about the immediate economic fallout. The slowdown in port traffic has left thousands of dock workers and truck drivers fearing for their livelihoods, as they face diminishing hours and potential layoffs.

Experts warn that this trade dispute could mirror the catastrophic disruptions seen during the summer of 2020, with CEO of Vizion stating that goods expected in the next 6 to 8 weeks may not arrive. The ripple effects are already being felt as small businesses hesitate to place orders, fearing skyrocketing costs and empty shelves.

As negotiations continue in Switzerland, the stakes are higher than ever. If a resolution isn’t reached soon, American consumers could face severe shortages, and retailers may be forced to make drastic cuts to survive. The urgency of the situation is palpable: if China secures new markets for its goods, the long-term implications could be devastating for U.S. access to essential products.

With both sides under pressure, the question remains: Can these trade talks yield a breakthrough, or will the economic fallout deepen? Stay tuned as we bring you the latest developments in this unfolding crisis.

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