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President
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The tariff letters are finally getting sent
Trump has been talking for a while about ending trade negotiations and sending out letters informing countries about their tariff rates.
On Friday, the president told reporters that “I signed some letters and they’ll go out on Monday, probably 12.” (Two have been released so far.)
The letters, issued on
He ends both of the letters by saying, “Thank you for your attention to this matter!”
Trump sets 25% tariffs on imports from Japan and South Korea
The higher taxes begin on
The president announced the decision on Truth Social, where he posted copies of letters that he sent to the leaders of each country.
Trump has been eager to escalate tariffs on American trading partners after pausing his plans earlier this year.
Speaker Johnson to meet Netanyahu
Netanyahu is also expected to meet while he’s in
Johnson, a Republican who has aligned the
Trump: former Brazilian leader should be left alone after plotting to overturn his 2022 election loss
President
Trump in a Monday post on Truth Social channeled his own experiences with regard to Bolsonaro, who was charged in February for plotting to stay in power after losing the 2022 election in an ongoing
“He is not guilty of anything, except having fought for THE PEOPLE,” Trump said. “I have gotten to know Jair Bolsonaro, and he was a strong Leader, who truly loved his Country — Also, a very tough negotiator on TRADE. His Election was very close and now, he is leading in the Polls. This is nothing more, or less, than an attack on a Political Opponent — Something I know much about!”
Trump last month called for throwing out the corruption trial of Netanyahu, who is visiting the
Trump administration revokes terrorism designation of new Syrian ruler’s group
The Trump administration has decided to revoke the terrorism designation of the new Syrian president’s group as part of a broader engagement with the new government since the ouster of former leader
In a notice to be published in the
The brief notice, which was put online in an advance public inspection section of the
The decision had not been previously announced but
Former Librarian of Congress takes on new role in fight for public knowledge
The former Librarian of
Her duties include advising the country’s largest philanthropic supporter of the arts on efforts to advance public knowledge through libraries and archives. Hayden noted existing threats to “the free exchange of ideas” in a statement.
“Together, we will work to strengthen the public knowledge ecosystem and ensure that the transformative power of information remains accessible to all,” she said.
China says BRICS isn’t about targeting any specific countries
A
“It advocates openness, inclusiveness, and win-win cooperation and does not engage in bloc confrontation or target any specific country,” the spokesperson said Monday.
The comments come after Trump said, in a post on his social media platform late Sunday, that any country that aligns itself with what he termed “the Anti-American policies of BRICS” would be levied an added 10% tariff.
The second of the BRICS summit continues Monday in
Tesla shares tumble as Trump-Musk feud heats up yet again
Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week.
Trump followed by criticizing Musk in a social media post, saying that the CEO had gone “off the rails” in recent weeks. Trump suggested Musk’s disappointment in the bill was over the termination of an “electric vehicle mandate,” which Trump says Musk knew was coming.
Investors fear that Musk’s companies, which receive significant subsidies from the federal government, could suffer further if his feud with Trump continues to fester.
Rubio heads to Asia this week
Secretary of State
It comes as the Trump administration moves ahead with its intent to focus more heavily on the Indo-Pacific and blunting China’s increasing influence there.
The
He will take part in a series of bilateral and multilateral discussions expected to be dominated by defense, maritime safety and security and trade issues.
The Trump administration has vexed a number of allies with demands for increased defense spending and threats to impose massive tariffs on their exports to the
Treasury secretary says his mailbox is full with trade offers ahead of tariffs deadline
Treasury Secretary
“What
The treasury secretary said his “mailbox” was filled with new trade offers in response to the risk that countries could “boomerang” back to the higher tariff rates that President
A financial market selloff led to Trump imposing a 90-day negotiating period during which goods from most countries would be taxed at 10%, a period that is set to end on Wednesday.
The president plans to send out letters over the next few days with new tariff rates that would start being collected on
Pressure from Trump for trade deals before Wednesday deadline
The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for
That furthers the uncertainty for businesses, consumers and America’s trading partners, and questions remain about which countries will be notified, whether anything will change in the days ahead and whether President
Trump signs tax breaks and spending cuts into law on Fourth of July
Trump signed his package of tax breaks and spending cuts into law Friday in front of
Flanked by Republican legislators and members of his
Against odds that at times seemed improbable, Trump achieved his goal of celebrating a historic — and divisive — legislative victory in time for the nation’s birthday, which also was his self-imposed deadline for
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