Is Trump chickening out on foreign policy?
Is Trump chickening out on foreign policy?
Some investors on Wall Street are starting to call President Trump's bluffs on tariffs — coining the acronym TACO, for 'Trump Always Chickens Out.' But will Trump make good on his promises to end the conflict in Ukraine, strike a deal with Iran and make nice with China? Or is his strongman approach just making things worse? Columnists Dana Milbank, Catherine Rampell and Jim Geraghty discuss how difficult it is to strike deals when Trump's actual policy objectives are so muddled.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Trump says he's 'disappointed' with Musk after former backer turned on the Republican tax bill
WASHINGTON (AP) — President Donald Trump said Thursday he's 'disappointed' with Elon Musk after his former backer and advisor lambasted the president's signature bill. Trump suggested the world's richest man misses being in the White House and has 'Trump derangement syndrome.' The Republican president reflected on his breakup with Musk in front of reporters in the Oval Office as Musk continued a storm of social media posts attacking Trump's 'Big Beautiful Bill' and warning it will increase the federal deficit. 'I'm very disappointed in Elon," Trump said. 'I've helped Elon a lot.' Musk has called Trump's big tax break bill a 'disgusting abomination.' The Associated Press Sign in to access your portfolio
Boston Globe
13 minutes ago
- Boston Globe
Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange
Interest in Circle's initial public offering is high. The company's underwriters priced the offering at $31 per share Wednesday, up from an expected price of $27 to $28. The number of shares being sold was raised to 34 million from 32 million. Circle will trade on the NYSE under the symbol 'CRCL.' The shares had not opened for trading as of midday. A view outside the New York Stock Exchange on June 5. Richard Drew/Associated Press Advertisement The dominant player in the stablecoin field is El Salvador-based Tether, which has the stablecoin known as USDT that currently has about $150 billion in circulation. USDC is the second most popular stablecoin market cap, with about $60 billion in circulation. Circle said in a regulatory filing that USDC has been used for more than '$25 trillion in onchain transactions' since its launch in 2018. Revenue-wise the company has seen tremendous growth, going from just $15 million in 2020 to $1.7 billion in 2024. Stablecoin issuers make profits by collecting the interest on the assets they hold in reserve to back their stablecoins. Circle said USDC is backed by 'cash, short-dated US Treasuries and overnight US Treasury repurchase agreements with leading global banks.' Advertisement Circle's IPO comes amid a push by the Trump administration and the crypto industry to pass legislation that would regulate how stablecoin issuers operate in the US. A Senate bill There is also growing competition in the stablecoin field. A crypto enterprise partly owned by the Trump family just launched its own stablecoin, USD1. Circle said its long track record and values – the company says its mission statement is 'to raise global economic prosperity through the frictionless exchange of value' – will help it stand apart in the field.
Bloomberg
14 minutes ago
- Bloomberg
Firms' Less ‘Catastrophic' Outlook Kept Canada Rates on Hold
Businesses believing that the worst-case tariff scenarios were less likely to become reality helped convince Bank of Canada policymakers to stay on the sidelines this month. That's according to Deputy Governor Sharon Kozicki in a speech the day after officials held their key interest rate steady at 2.75% for a second straight meeting. In her prepared remarks, Kozicki highlighted how on-the-ground discussions and surveys supplemented traditional data sets, giving policymakers a more comprehensive picture of the economy when deliberating rate decisions.
