Trump ‘making positive steps forward' with tariffs: Rep. Lawler
(NewsNation) — The Trump administration is trending in a positive direction following its temporary trade deal with China, according to Rep. Mike Lawler, R-N.Y.
Lawler joined 'NewsNation Now' to discuss the United States' 90-day trade deal with China and the administration's broader approach to tariffs.
'My view is, the president and the administration are making positive steps forward,' he said.
Lawler said the tariffs always made sense as a negotiation tool to 'force these other countries that have been fleecing Americans for years with bad trade practices and policies.'
UFOs seen on border may be high-tech cartel drones: Ex-Trump ICE director
Following the temporary trade deal with China, the Dow Jones leapt 1,100 points, and the S&P 500 rallied 3.3%.
'I am sure, in short order, we will see Japan, India, Vietnam, Canada and Mexico and the EU make significant concessions, which is to the benefit of the American people and the American economy,' Lawler added.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
3 Big Reasons FRSH Should Be On Your Watchlist
Over the last six months, Freshworks's shares have sunk to $15.55, producing a disappointing 7.6% loss while the S&P 500 was flat. This might have investors contemplating their next move. Given the weaker price action, is this a buying opportunity for FRSH? Find out in our full research report, it's free. Founded in Chennai, India in 2010 with the idea of creating a 'fresh' helpdesk product, Freshworks (NASDAQ: FRSH) offers a broad range of software targeted at small and medium-sized businesses. While reported revenue for a software company can include low-margin items like implementation fees, annual recurring revenue (ARR) is a sum of the next 12 months of contracted revenue purely from software subscriptions, or the high-margin, predictable revenue streams that make SaaS businesses so valuable. Freshworks's ARR punched in at $785.9 million in Q1, and over the last four quarters, its year-on-year growth averaged 19.9%. This performance was impressive and shows that customers are willing to take multi-year bets on the company's technology. Its growth also makes Freshworks a more predictable business, a tailwind for its valuation as investors typically prefer businesses with recurring revenue. Software is eating the world. It's one of our favorite business models because once you develop the product, it usually doesn't cost much to provide it as an ongoing service. These minimal costs can include servers, licenses, and certain personnel. Freshworks's gross margin is one of the highest in the software sector, an output of its asset-lite business model and strong pricing power. It also enables the company to fund large investments in new products and sales during periods of rapid growth to achieve outsized profits at scale. As you can see below, it averaged an elite 84.4% gross margin over the last year. Said differently, roughly $84.39 was left to spend on selling, marketing, and R&D for every $100 in revenue. While many software businesses point investors to their adjusted profits, which exclude stock-based compensation (SBC), we prefer GAAP operating margin because SBC is a legitimate expense used to attract and retain talent. This is one of the best measures of profitability because it shows how much money a company takes home after developing, marketing, and selling its products. Over the last year, Freshworks's expanding sales gave it operating leverage as its margin rose by 9.2 percentage points. Although its operating margin for the trailing 12 months was negative 15.5%, we're confident it can one day reach sustainable profitability. There are definitely things to like about Freshworks. After the recent drawdown, the stock trades at 5.6× forward price-to-sales (or $15.55 per share). Is now the time to initiate a position? See for yourself in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
New York Times
30 minutes ago
- New York Times
The Senate Wants Billions More in Medicaid Cuts, Pinching States and Infuriating Hospitals
The Senate policy bill released Monday would cut billions of dollars more from Medicaid than the earlier, House-passed legislation — in large part by cracking down on a budgeting maneuver used by 49 states that congressional Republicans have called a scam or gimmick. It does this by limiting Medicaid provider taxes, a loophole that states use to collect more federal matching funds for Medicaid, an insurance program for the poor that covers roughly 70 million Americans. For decades, taxing providers like hospitals has been a major part of how states pay Medicaid bills, but this tactic has come under scrutiny in Congress this year as Republicans look for ways to help pay for President Trump's tax cuts. Cutting provider taxes would probably mean funding shortfalls of hundreds of billions of dollars for states over the next decade, leaving them with budget holes to fill. To offset the losses, states would most likely need to explore cutting other services or raising other taxes. In scaling back Medicaid provider taxes, Senate Republicans are pursuing cuts that their House colleagues were hesitant to propose. House members had landed on freezing provider tax rates at current levels instead of reducing them. If the Senate passes its plan for provider taxes, the House and the Senate will have to reconcile their differences. The basic way Medicaid payments work A state pays a hospital $1,000 for a patient's medical expenses. The federal government reimburses the state a share of the amount, in this case 60 percent. $1,000 payment $600 reimbursement State government $400 paid on net Federal government Local hospital How states use provider taxes A state pays a hospital a higher amount, but charges some of it back in taxes, in this case $30. The federal government calculates its share based on the original payment. The state can keep the extra money. $1,030 payment $618 reimbursement $30 tax State government $382 paid on net The tax generates an additional $18 for the state. Federal government Local hospital The basic way Medicaid payments work How states use provider taxes A state pays a hospital $1,000 for a patient's medical expenses. The federal government reimburses the state a share of the amount, in this case 60 percent. A state pays a hospital a higher amount, but charges some of it back in taxes, in this case $30. The federal government calculates its share based on the original payment. The state can keep the extra money. $1,030 payment $1,000 payment $600 reimbursement $618 reimbursement $30 tax State government State government $400 paid on net $382 paid on net The tax generates an additional $18 for the state. Federal government Local hospital Federal government Local hospital The basic way Medicaid payments work A state pays a hospital $1,000 for a patient's medical expenses. The federal government reimburses the state a share of the amount, in this case 60 percent. $1,000 payment $600 reimbursement State government $400 paid on net Federal government Local hospital How states use provider taxes A state pays a hospital a higher amount, but charges some of it back in taxes, in this case $30. The federal government calculates its share based on the original payment. The state can keep the extra money. $1,030 payment $618 reimbursement $30 tax State government $382 paid on net The tax generates an additional $18 for the state. Federal government Local hospital Note: States pay different shares of Medicaid costs. This example illustrates when a state pays 40 percent, a common scenario. The New York Times Estimated share of federal Medicaid funding from hospital and nursing home taxes 0% 10% 20% 30% Wash. Maine Mont. N.D. Minn. Vt. Ore. N.H. Idaho Wis. N.Y. S.D. Mich. Wyo. Conn. Pa. Iowa N.J. Neb. Nev. Ohio Md. Ill. Ind. Utah Colo. Calif. Va. Kan. Mo. Ky. N.C. Tenn. Okla. Ariz. Ark. S.C. N.M. Ala. Ga. Miss. La. Texas Alaska Fla. Hawaii Estimated share of federal Medicaid funding from hospital and nursing home taxes 0% 10% 20% 30% Wash. Maine Mont. N.D. Minn. Vt. Ore. N.H. Idaho Wis. S.D. N.Y. Mass. R.I. Conn. Mich. Wyo. Pa. N.J. Iowa Neb. Nev. Ohio Del. Md. Ill. Ind. Utah Colo. Va. Calif. Mo. Kan. Ky. N.C. Tenn. Okla. Ariz. Ark. N.M. S.C. Ga. Ala. Miss. La. Texas Alaska Fla. Hawaii Source: The Hilltop Institute This map underestimates the effect of provider taxes in the Dakotas, which tax other health care providers, and North Carolina, which recently made major policy changes. The New York Times Want all of The Times? Subscribe.
Yahoo
31 minutes ago
- Yahoo
Choking back tears, Sen. Alex Padilla details his LA handcuffing
WASHINGTON – Sen. Alex Padilla delivered an emotional floor speech June 17, his first remarks on the Senate floor since the California Democrat was dragged out of a press conference in Los Angeles held by Homeland Security Secretary Kristi Noem, pushed to the floor, and handcuffed. "You've seen the video. I was pushed and pulled. Struggled to maintain my balance. I was forced to the ground, first on my knees and then flat on my chest," Padilla said as he choked back tears. "If that is what the administration is willing to do to a United States senator for having the authority to simply ask a question, imagine what they'll do to any American who dares to speak up." Federal law enforcement agents forcibly removed Padilla from Noem's June 12 press conference after he interrupted the event amid mass protests over the administration's immigration crackdown. More: 'Unhinged': Democrats are furious Sen. Alex Padilla was hauled out of Noem briefing Noem's agency oversees Immigrations and Customs Enforcement, which had been carrying out raids in Los Angeles. Protesters flooded the nation's second most populous city's downtown for days, some of which devolved into violence as protesters burned cars and looted buildings. Padilla said that he had gone to the federal building in Los Angeles where Noem was holding the press conference that day because he had a briefing with a four-star general about the military deployment in the city. His briefing was delayed by Noem's press conference, he said, so he asked an FBI agent and a national guardsman whether he could attend. They escorted him to the press conference, where he listened until Noem began speaking about plans to "liberate" Los Angeles. 'We are not going away. We are staying here to liberate this city from the socialist and the burdensome leadership that this governor and mayor have placed on this country,' Noem said. Padilla started asking: 'Madam Secretary I want to know why you insist on –' before he was grabbed by security guards. During his floor speech, Padilla said the administration planned "to somehow liberate us from the very people we democratically elected to lead our city and our state. Let that fundamentally un-American mission statement sink in." "Are we truly prepared to live in a country where the president can deploy the armed forces to decide which duly elected governors and mayors can lead our constituents?" he continued. Noem said during the press conference that she didn't recognize the two-term Padilla and that he hadn't requested a meeting with her. They met for for 15 minutes afterward, according to the Department of Homeland Security. Tricia McLaughlin, a Trump DHS official, wrote on X that Padilla's actions were "disrespectful political theatre" and claimed that the Secret Service believed he was an attacker. Republicans in Congress similarly put the blame on Padilla. House Speaker Mike Johnson, R-Louisiana, told reporters shortly after the event that Padilla's actions were "wildly inappropriate" and said he should be censured. Democrats were furious upon viewing the viral video of Padilla being forced to the ground. "Anybody that looks at that video will understand that this amounts to an assault, a felony," said Rep. Adriano Espaillat, D-New York, chair of the Congressional Hispanic Caucus. "The White House is unhinged and out of control." This article originally appeared on USA TODAY: Sen. Padilla chokes back tears in floor speech on handcuffing
