‘Economic ruination of the US is coming if…': Trump warns courts after ruling on tariffs
US President Donald Trump has warned that if US courts strike down his tariff policy, it could lead to the 'economic ruination' of the country. In a fiery Truth Social post, Trump said foreign nations could then hold America hostage using anti-US tariffs. His warning comes amid an intense legal battle over his emergency tariff powers, which a federal court temporarily blocked before an appeals court reinstated them. Trump vows to defend his trade plan at all costs.
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Time of India
38 minutes ago
- Time of India
Republicans urge Donald Trump and Elon Musk to end their feud
Republicans are expressing concern over the escalating feud between Donald Trump and Elon Musk, fearing it could derail legislative priorities like tax and border spending bills. While some, like Senators Cruz and Lee, hope for reconciliation, others like Speaker Johnson, while desiring peace, cautioned against challenging Trump's leadership. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As the Republican Party braces for aftershocks from President Donald Trump 's spectacular clash with Elon Musk , lawmakers and conservative figures are urging detente, fearful of the potential consequences from a prolonged a minimum, the explosion of animosity between the two powerful men could complicate the path forward for Republicans' massive tax and border spending legislation that has been promoted by Trump but assailed by Musk."I hope it doesn't distract us from getting the job done that we need to," said Rep. Dan Newhouse , a Republican from Washington state. "I think that it will boil over and they'll mend fences."As of Friday afternoon, Musk was holding his fire, posting about his various companies on social media rather than torching the president. Trump departed the White House for his golf club in Bedminster, New Jersey, without stopping to talk to reporters who shouted questions about his battle with Musk."I hope that both of them come back together because when the two of them are working together, we'll get a lot more done for America than when they're at cross purposes," Sen. Ted Cruz , a Texas Republican, told Fox News host Sean Hannity on Thursday Mike Lee, a Republican from Utah, sounded almost pained on social media as Trump and Musk volleyed insults at each other, sharing a photo composite of the two men and writing, "But ... I really like both of them.""Who else really wants @elonmusk and @realDonaldTrump to reconcile?" Lee posted, later adding: "Repost if you agree that the world is a better place with the Trump-Musk bromance fully intact."So far, the feud between Trump and Musk is probably best described as a moving target, with plenty of opportunities for escalation or person familiar with the president's thinking said Musk wants to speak with Trump, but that the president doesn't want to do it - or at least do it on Friday. The person requested anonymity to disclose private a series of conversations with television anchors Friday morning, Trump showed no interest in burying the hatchet. Asked on ABC News about reports of a potential call between him and Musk, the president responded: "You mean the man who has lost his mind?"Trump added in the ABC interview that he was "not particularly" interested in talking to Musk at the others remained hopeful that it all would blow over."I grew up playing hockey and there wasn't a single day that we played hockey or basketball or football or baseball, whatever we were playing, where we didn't fight. And then we'd fight, then we'd become friends again," Hannity said on his show Thursday that it "got personal very quick," Hannity nonetheless added that the rift was "just a major policy difference."House Speaker Mike Johnson projected confidence that the dispute would not affect prospects for the tax and border bill."Members are not shaken at all," the Louisiana Republican said. "We're going to pass this legislation on our deadline."He added that he hopes Musk and Trump reconcile, saying "I believe in redemption" and "it's good for the party and the country if all that's worked out."But he also had something of a warning for the billionaire entrepreneur."I'll tell you what, do not doubt and do not second-guess and don't ever challenge the president of the United States, Donald Trump," Johnson said. "He is the leader of the party. He's the most consequential political figure of this generation and probably the modern era."
Economic Times
41 minutes ago
- Economic Times
Donald Trump says China's Xi Jinping agreed to let rare earth minerals flow to US
NYT News Service FILE - President Donald Trump meets with President Xi Jinping of China at the G20 Summit in Osaka, Japan, June 29, 2019. China and the United States on June 5, 2025 agreed to hold more trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals, a move that came after Trump and Xi spoke by phone. (Erin Schaff/The New York Times) U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies. Asked by a reporter aboard Air Force One whether Xi had agreed to do so, Trump replied: "Yes, he did." The Chinese embassy in Washington did not immediately respond to a request for comment. Trump's comment came one day after a rare call with Xi aimed at resolving trade tensions that have been brewing over the topic for weeks. At that time, Trump said there had been "a very positive conclusion" to the talks, adding that "there should no longer be any questions respecting the complexity of Rare Earth products." In another sign of easing tensions over the issue, China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers, two sources familiar with the matter said. The U.S. president's top aides are set to meet their Chinese counterparts in London on Monday for further talks. "We're very far advanced on the China deal," Trump told reporters on Friday. The countries struck an agreement on May 12 in Geneva, Switzerland, to roll back for 90 days most of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration. Financial markets that had worried about trade disruptions rallied on the news. But China's decision in April to suspend exports of a wide range of critical minerals and magnets has continued to disrupt supplies needed by automakers, computer chip manufacturers and military contractors around the world. Trump had accused China of violating the Geneva agreement and ordered curbs on chip-design software and other shipments to China. Beijing rejected the claim and threatened counter measures. Rare earths and other critical minerals are a source of leverage for China as Trump could come under domestic political pressure if economic growth sags because companies cannot make mineral-powered products. Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives.
The Hindu
42 minutes ago
- The Hindu
Supreme Court allows DOGE team to access Social Security systems with data on millions of Americans
The Supreme Court handed the Trump administration two victories on Friday (June 6, 2025) in cases involving the Department of Government Efficiency, including giving it access to Social Security systems containing personal data on millions of Americans. Also Read | Federal judge blocks DOGE from accessing Social Security personal information for now The justices also separately reined in orders seeking transparency at DOGE, the team once led by billionaire Elon Musk. The court's conservative majority sided with the Trump administration in the first Supreme Court appeals involving DOGE. The three liberal justices dissented in both cases. The DOGE victories come amid a messy breakup between the president and the world's richest man that started shortly after Mr. Musk departed from the White House and has included threats to cut government contracts and a call for the President to be impeached. The future of DOGE's work isn't clear without Musk at the helm, but both men have previously said that it will continue its efforts. In one case, the High Court halted an order from a judge in Maryland that restricted the team's access to the Social Security Administration under federal privacy laws. 'We conclude that, under the present circumstances, SSA may proceed to afford members of the SSA DOGE Team access to the agency records in question in order for those members to do their work,' the court said in an unsigned order. Conservative lower-court judges have said there's no evidence at this point of DOGE mishandling personal information. The agency holds sensitive data on nearly everyone in the country, including school records, salary details and medical information. Justice Ketanji Brown Jackson said the court's action creates 'grave privacy risks' for millions of Americans by giving 'unfettered data access to DOGE regardless — despite its failure to show any need or any interest in complying with existing privacy safeguards, and all before we know for sure whether federal law countenances such access.' Justice Sonia Sotomayor joined Jackson's opinion and Justice Elena Kagan said she also would have ruled against the administration. The Trump administration says DOGE needs the access to carry out its mission of targeting waste in the federal government. Musk had been focused on Social Security as an alleged hotbed of fraud. The entrepreneur has described it as a ' Ponzi scheme ' and insisted that reducing waste in the program is an important way to cut government spending. But U.S. District Judge Ellen Hollander in Maryland found that DOGE's efforts at Social Security amounted to a 'fishing expedition' based on 'little more than suspicion' of fraud, and allowing unfettered access puts Americans' private information at risk. Her ruling did allow access to anonymous data for staffers who have undergone training and background checks, or wider access for those who have detailed a specific need. The Trump administration has said DOGE can't work effectively with those restrictions. Solicitor General D. John Sauer also argued that the ruling is an example of federal judges overstepping their authority and trying to micromanage executive branch agencies. The plaintiffs say it's a narrow order that's urgently needed to protect personal information. An appeals court previously refused to immediately to lift the block on DOGE access, though it split along ideological lines. Conservative judges in the minority said there's no evidence that the team has done any 'targeted snooping' or exposed personal information. The lawsuit was originally filed by a group of labor unions and retirees represented by the group Democracy Forward. It's one of more than two dozen lawsuits filed over DOGE's work, which has included deep cuts at federal agencies and large-scale layoffs. The plaintiffs called the high court's order 'a sad day for our democracy and a scary day for millions of people. Elon Musk may have left Washington, D.C., but his impact continues to harm millions of people." The White House did not immediately return a message seeking comment. The nation's court system has been ground zero for pushback to President Donald Trump's sweeping conservative agenda, with about 200 lawsuits filed challenging policies on everything from immigration to education to mass layoffs of federal workers. In the other DOGE order handed down Friday, the justices extended a pause on orders that would require the team to publicly disclose information about its operations, as part of a lawsuit filed by a government watchdog group. Citizens for Responsibility and Ethics in Washington argues that DOGE, which has been central to Trump's push to remake the government, is a federal agency and must be subject to the Freedom of Information Act. But the Trump administration says DOGE is just a presidential advisory body aimed at government cost-cutting, which would make it exempt from requests for documents under FOIA. The justices did not decide that issue Friday, but the conservative majority held that U.S. District Judge Christopher Cooper ruled too broadly in ordering documents be turned over to CREW. (AP) NSD NSD
