Browsed by
Author: From elsewhere

Listening to no one else, Trump is ‘at the peak of just not giving a f— anymore,’ says White House official

Listening to no one else, Trump is ‘at the peak of just not giving a f— anymore,’ says White House official

The Washington Post reports: After deliberations [on determining tariff rates] that went late into Tuesday, Trump didn’t decide on the final plan until about 1 p.m. Wednesday — less than three hours ahead of his Rose Garden announcement. Inside and outside the White House, advisers say Trump is unbowed even as the world reels from the biggest increase in trade hostilities in a century. They say Trump is unperturbed by negative headlines or criticism from foreign leaders. He is determined…

Read More Read More

How Trump’s tariffs can be reversed by Congress

How Trump’s tariffs can be reversed by Congress

Greg Sargent talks to Norm Ornstein: Greg Sargent: I think we can expect Democratic senators to push something in the next day or so that would effectively cancel the national emergency that Trump used to impose the tariffs. That would end them. You’d need a few GOP senators to support this, but a few already supported a narrower anti-tariff measure that just passed the other day. Then after that, you’d need a discharge petition in the House moving the same thing,…

Read More Read More

House Republican, Rep. Don Bacon, moves to rein in tariff powers

House Republican, Rep. Don Bacon, moves to rein in tariff powers

Politico reports: Nebraska Rep. Don Bacon said he plans to introduce a companion bill to the bipartisan Senate legislation aimed at reclaiming Congress’ authority over tariffs, becoming the first House Republican to openly challenge the powers President Donald Trump is using to launch a massive global trade war. Bacon confirmed his plans to POLITICO on Friday as market losses continued to pile up and rattle Republicans on Capitol Hill. The Senate bill introduced Thursday by Sens. Charles Grassley (R-Iowa) and…

Read More Read More

Sen. Ted Cruz warns Trump tariffs could be ‘terrible for America’

Sen. Ted Cruz warns Trump tariffs could be ‘terrible for America’

Politico reports: Senate Commerce Chair Ted Cruz is warning about major risks for the American economy and its automotive industry thanks to President Donald Trump’s trade war, saying it could result in the biggest tax hike in a “long, long time.” “I’m seeing a lot of Republican cheerleaders reflexively defending what the White House is doing,” Cruz said on his podcast Friday, but cautioned the administration’s latest actions could “hurt jobs and hurt America.” Cruz added he is “not a…

Read More Read More

Laura Loomer directed Trump to fire NSA chief

Laura Loomer directed Trump to fire NSA chief

The Washington Post reports: The director of the National Security Agency, the powerful U.S. wiretapping and cyberespionage service, was fired Thursday, according to one former and two current U.S. officials. Gen. Timothy Haugh, who also heads U.S. Cyber Command, was let go along with his civilian deputy at the NSA, Wendy Noble, according to the officials. Like others in this report, they spoke on the condition of anonymity to discuss personnel moves. Far-right activist Laura Loomer advocated for the firings…

Read More Read More

‘Oligarchy’: Trump exempts big oil donors from tariffs as EV and battery factories are being canceled

‘Oligarchy’: Trump exempts big oil donors from tariffs as EV and battery factories are being canceled

The Guardian reports: The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say. Trump’s new 10% universal tariffs – which are higher for many major economies – are wreaking havoc on the global economy and are expected to increase consumer prices in the US. But the levies will not apply to many…

Read More Read More

Efficiency? RFK Jr says 20% of DOGE’s health agency job cuts were mistakes

Efficiency? RFK Jr says 20% of DOGE’s health agency job cuts were mistakes

The Guardian report: Around a fifth of the 10,000 jobs cut from the US Department of Health and Human Services (HHS) were done in error and will need to be corrected, the US health secretary, Robert F Kennedy Jr, has admitted. Mass layoffs from the health department began this week amid a push by Donald Trump’s administration to shrink the size of the federal government workforce. Union representatives were told around 10,000 people were to lose their jobs ahead of…

Read More Read More

Climate crisis on track to destroy capitalism, top insurer warns

Climate crisis on track to destroy capitalism, top insurer warns

The Guardian reports: The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in…

Read More Read More

Wall Street reels as Trump’s tariffs plan sinks markets, but he’s ‘not listening to anyone or anything’

Wall Street reels as Trump’s tariffs plan sinks markets, but he’s ‘not listening to anyone or anything’

The Wall Street Journal reports: Rob Citrone couldn’t believe what he was seeing. The 60-year-old hedge-fund manager watched from his Orlando, Fla., home as President Trump walked into the White House’s Rose Garden and announced his sweeping plan to impose tariffs on the rest of the world. Citrone knew more levies on imported goods were coming—the White House had stuck to this message for months—and so he’d placed a series of wagers against U.S., European and Chinese stocks, betting they…

Read More Read More

The fatal flaw in Trump’s trade war

The fatal flaw in Trump’s trade war

Victoria Guida writes: President Donald Trump’s sweeping tariff regime will completely transform America’s economic relationship with the rest of the world, all in the name of revitalizing domestic manufacturing. And yet, many businesses won’t be rushing to shift their supply chains to U.S. shores. For all the detail in Trump’s Wednesday announcement, his endgame is still shrouded in confusion. That’s lethal for long-term investment, making confident planning all but impossible. “If you want stuff being put in the ground, you…

Read More Read More

Trump’s new tariff math looks a lot like ChatGPT’s — ‘extraordinary nonsense’

Trump’s new tariff math looks a lot like ChatGPT’s — ‘extraordinary nonsense’

The Verge reports: When President Donald Trump began yesterday’s announcement of the White House’s latest trade policy brandishing a novelty-sized cardboard sign labeled “Reciprocal Tariffs,” the immediate and nearly unanimous response was bafflement. Trump slapped a 10 percent baseline tariff on all imports into the US, including from uninhabited islands, plus absurdly high rates on specific countries, supposedly based on “tariffs charged to the USA” — which didn’t match up to other, non-cardboard-sign-based estimates. Stock markets have plummeted and consumers…

Read More Read More

Macron calls on EU companies to freeze investments in America

Macron calls on EU companies to freeze investments in America

Politico reports: French President Emmanuel Macron wants EU businesses to stop investing in America in response to U.S. President Donald Trump’s massive tariffs. “It is important that future investments, the investments announced over the last few weeks, should be put on hold for some time until we have clarified things with the United States of America,” Macron said on Thursday as he hosted a meeting with representatives of the sectors impacted and the government at the Elysée palace. “What message…

Read More Read More

Laura Loomer directs Trump to fire six National Security Council officials

Laura Loomer directs Trump to fire six National Security Council officials

The New York Times reports: President Trump fired six National Security Council officials after an extraordinary meeting in the Oval Office with the far-right activist Laura Loomer, who laid out a list of people she believed were disloyal to the president, according to a U.S. official with direct knowledge of the matter. The six officials were among those vilified by Ms. Loomer during the meeting on Wednesday, the official said. Ms. Loomer walked into the White House with a sheaf…

Read More Read More

What to know about Saturday’s nationwide ‘Hands Off!’ anti-Trump protests

What to know about Saturday’s nationwide ‘Hands Off!’ anti-Trump protests

Axios reports: A nationwide anti-President Trump movement on Saturday, “Hands Off!,” is expected to be the largest single-day protest since he entered office. Why it matters: The Trump administration’s wide-reaching and ground-shaking policies have mobilized a varied cross section of Americans affected by political, economic, social and legal changes. “This is not just corruption,” the Hands Off! website said. “This is not just mismanagement. This is a hostile takeover.” By the numbers: More than 1,100 rallies, visibility events and meetings were scheduled in all 50 states…

Read More Read More