90 Percent of US Companies Plan to Reshore Amid Tariffs, Allianz Survey Finds
Nine out of 10 U.S. companies say they expect to bring some or all of their production or sourcing back home in response to new tariffs imposed under President Donald Trump's trade policy, according to the latest Allianz Trade Global Survey.
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Miami Herald
39 minutes ago
- Miami Herald
House considers Trump cuts as Senate Republicans work on reconciliation bill
WASHINGTON - As Senate committees continue to release their proposals for the House-passed reconciliation package this week, the House plans to vote on President Donald Trump's proposals to rescind foreign aid and other spending, including for public broadcasting. 'The rescissions request sent to Congress by the Trump Administration takes the federal government in a new direction where we actually cut waste, fraud, and abuse and hold agencies accountable to the American people,' House Majority Leader Steve Scalise, R-La., said in a statement. The path to House passage of the $9.4 billion package is still far from clear. Rep. Don Bacon, R-Neb., has already indicated he would vote against the package if it includes cuts to the George W. Bush-era program known as the President's Emergency Plan for AIDS Relief, or PEPFAR, which provides foreign aid to fight HIV and AIDS. 'I just want to make sure we're funding the medicine. We want to prevent AIDS, it's a noble program, it's George Bush's legacy. I put the marker out there; we'll see,' Bacon said in an interview with the New York Times. The rescissions package could be just the first of several from Trump and his Office of Management and Budget. The House also will take up bills this week targeting local operations in Washington, D.C. One measure would bar noncitizens from voting in local elections in the District of Columbia. Another seeks to overturn a D.C. policing overhaul law. While Republicans are often critical of public employee unions, police unions have long been an exception. Scalise's office says the bill would restore 'collective bargaining rights for MPD officers and a statute of limitations on disciplinary cases.' Senate Republicans are still working behind the scenes to draft their version of the reconciliation bill. The Senate Banking, Housing and Urban Affairs Committee released its text last week. The draft would shut off the Consumer Financial Protection Bureau's funding stream from the Federal Reserve. The Senate process continues amid ongoing criticism from Elon Musk, the billionaire businessman who was until recently leading the White House office known as the Department of Government Efficiency, but who had a very public split from Trump over the last week. Musk has come out against the House-passed reconciliation measure, criticizing the debt and deficit effects of the bill (while also predicting that Trump's tariff agenda could lead to a recession in the back half of 2025). But Speaker Mike Johnson, R-La., said the spat largely playing out on social media platforms was not spilling over to the Capitol phone lines. 'We've got almost no calls to the offices, any Republican member of Congress. And I think that indicates that people are taking a wait-and-see attitude,' Johnson said on ABC's 'This Week.' The Senate is in the process of tweaking the product both to meet the needs of the chamber's budgetary rules, as well as the interests of GOP senators. Senate Democrats plan to keep up the criticisms of Republicans for potential cuts affecting health care services, including potential closures to rural hospitals. While the background work is underway, the Senate starts the week with additional votes to confirm Trump nominees. Also still on the to-do list is the stablecoin regulation bill that has been pending business for weeks. Committee work continues Another digital asset regulatory measure is on the agenda for the House Financial Services Committee on Tuesday, with a new substitute amendment posted on Sunday. The committee plans to take up other bills, including housing legislation, at the same markup. The headline committee action for the week is Tuesday's kickoff of the regular appropriations markup process for fiscal 2026. The House Appropriations Committee on Tuesday will consider its subcommittee allocations, as well as the Military Construction-VA spending bill. The full committee is scheduled to mark up the Agriculture spending bill on Wednesday, as well as both the Homeland Security bill and the Defense bill on Thursday. Senate appropriators are continuing to hold subcommittee hearings this week. The agenda includes a Defense Appropriations Subcommittee hearing with Defense Secretary Pete Hegseth and Joint Chiefs of Staff Chairman Gen. Dan Caine scheduled to appear on Tuesday. Former Senate Majority Leader Mitch McConnell, R-Ky., who chairs the Defense Subcommittee, has been a critic of Hegseth and voted against his confirmation. Also on the subcommittee are the other two Republicans who voted against Hegseth: Sen. Susan Collins of Maine, who chairs the full committee, and Sen. Lisa Murkowski of Alaska. Another key hearing takes place Wednesday, when Treasury Secretary Scott Bessent scheduled to appear before the Financial Services Appropriations Subcommittee amid ongoing tax and trade debates, in which Bessent has emerged as a key negotiator. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Miami Herald
41 minutes ago
- Miami Herald
Democrat Support is Finally Bouncing Back
After months of lagging poll numbers and internal party anxieties, Democrats are seeing signs of a rebound. The Democrats have faced less than impressive polling since President Donald Trump won against Kamala Harris in the 2024 election. But new polling suggests the party's popularity might be on an upward trajectory again. YouGov's generic congressional ballot tracker, which tests which party voters would choose in a congressional election, shows that the Democrats are 2 points ahead of the Republicans, with 44 percent to the GOP's 42 percent. That is the biggest lead the Democrats have held over the Republicans in the poll since August. Between October 2024 and April 2025, the two parties were practically tied in the poll. But since April, support for the Democrats has started to trend upward, with their lead over the Republicans reaching 2 points this week. The upward trajectory for the Democrats coincides with Trump introducing his "Liberation Day" tariffs in April. The policy move rattled markets, prompting a sharp sell-off before an eventual recovery. It also saw Trump's approval ratings dip after a relatively strong start to his presidency. Since then, Trump's ratings have rebounded. But YouGov's tracker, as well as recent election results, suggest the Democrats may now be gaining some momentum in the face of anxiety about the impact of Trump's tariffs. Last week, Democrat Keishan Scott defeated his Republican rival Bill Oden in a landslide win for a seat in the South Carolina House of Representatives. In April, the Democrats defeated the GOP in a special election for an Iowa State House seat in what the Democratic Party hailed as a "clear rebuke of Trump." Also in April, voters in the Wisconsin Supreme Court race delivered a major blow to Trump and Elon Musk, who had poured millions into backing the Republican candidate. Democratic strategists say the party is beginning to gain momentum by aggressively countering Donald Trump's policies and offering a message of stability amid chaos. Former Obama adviser Peter Loge pointed to what he sees as the deep unpopularity of Trump's actual policies—even among some who support his rhetoric. "Trump's policies are widely unpopular, and getting less popular," he told Newsweek. "People are afraid of a recession, their neighbors are being deported, they're losing jobs, their families and communities are losing services on which they rely. "Voters tend to like Trump acting on the U.S.–Mexico border, and many share a general rage against elites, but the nuts and bolts of what that means is not popular," he added. Loge also warned that voters may be losing patience with the spectacle of Trump-era politics. "Voters may also be tiring of what can look more like reality TV than governing. The latest spat between Trump and Musk is the stuff of tabloids, not the serious work of the world's largest economy and military." Strategist Alejandro Verdin echoed this, telling Newsweek: "Democrats are finally catching their footing with a 'flood-the-zone' strategy against Trump. Amid a steady trove of disgusting mass deportations, tariffs creating economic turmoil, and repeated attempts to gut our democracy, Democrats are offering a path out of the chaos." "Americans are waking up to the destructiveness of Trump—and Democrats have a real chance here to keep growing their margin," Verdin added. Meanwhile, strategist Max Burns told Newsweek the party's gains can be credited to both Trump's declining popularity and Democrats reconnecting with disillusioned voters. "Two things are driving this polling gain, from my POV," he said. "First, Democrats are finally listening to their voters and taking a more aggressive posture against Trump and the GOP, so some of that gain is disillusioned Democrats coming back into the fold." "Second, Trump and the GOP have shed popularity at a staggering rate, so Democrats have become more attractive to voters as Republicans have spiraled downward," he added. But Burns also warned of overconfidence. "The risk here is that Democratic leaders see their rising poll numbers and think the hard work is over. Democratic voters are still morose over 2024 and the lack of change they've seen in the party so far. They expect the party to stand up and protect regular Americans from the deep cuts of this extreme GOP budget. If Democrats don't walk the walk, voters will go right back to ignoring them." And polls also show that success in local elections for the Democrats is not necessarily translating into an increase in popularity. Across more than a dozen surveys conducted between late January and mid-May 2025, the party's unfavorable ratings consistently outpace its favorable ones—by double digits in nearly every case. The RealClearPolitics average from March 6 to May 15 puts the Democratic Party's favorable rating at 34.7 percent, with unfavorable opinions at 58.3 percent, resulting in a net negative spread of -23.6 points. Marquette University Law School's latest poll, conducted from May 5 to 15, found only 32 percent of Americans viewed the Democratic Party favorably, while 63 percent had an unfavorable view—a 31-point deficit. That marked a slight downturn from Marquette's earlier survey in March, which showed a 35–62 favorability split, indicating a steady decline in public perception. Economist/YouGov polling paints a similar picture, though with less dramatic numbers. Its April 25–28 poll found Democrats underwater by 22 points, with 37 percent favorable and 59 percent unfavorable. In late March and again in mid-March, the same pollster reported spreads of -29 and -20, respectively. While these results suggest some fluctuation, they show no meaningful improvement. Other surveys confirm the pattern. Pew Research in April reported a 38–60 split. CNN's March data showed 30 percent of Americans viewed Democrats favorably, while 58 percent did not. NBC News reported just 27 percent favorability in early March, among the lowest of any poll in the sample. Only one poll—Yahoo News, conducted from April 25 to 28—showed a somewhat narrower gap, with 43 percent viewing the party favorably and 53 percent unfavorably. But even that best-case scenario still placed Democrats 10 points underwater. YouGov's tracker also shows a downward trajectory in the Democratic Party's popularity, dropping from 40 percent favorability in December to 38 percent in May. Meanwhile, the most recent Fabrizio Ward poll, conducted between May 15-19 among 800 registered voters, shows that voters trust President Donald Trump over Democrats in Congress on the economy, with 45 percent choosing Trump compared to 39 percent who chose the Democrats. And a recent CNN/SSRS poll from May showed that Trump has nearly wiped out the Democratic Party's decades-long advantage with middle-class voters. Once seen as the dominant party for middle-class interests—with a 23-point lead over Republicans in 1989—Democrats now lead by just 2 points, per the survey. Republicans are also gaining traction on economic issues, with a 7-point lead when voters are asked which party aligns more with their economic views. A separate Reuters/Ipsos poll showed the GOP's advantage on having the better economic plan rising to 12 points, up from 9 last year, reflecting growing approval of Trump's economic approach in his second term. For Verdin, this is a wake-up call for the Democrats not to be complacent. "The party needs to put their pedal on the gas, be nimble and creative with messaging, and start reaching voters early, all the way until the midterms. It's a marathon that we're going to have to sprint the whole way," he said. It comes after polling has shown that the Democrats are more unpopular than ever after their loss to Trump in 2024. According to an NBC News poll from March 7-11, 55 percent of respondents said they had a negative view of the Democratic Party, while 27 percent said they had a positive perception. That is the lowest level recorded since NBC News began asking the question in 1990. Recent polls have also shown support for the party declining among middle class, young and Black voters, who have traditionally made up a significant part of the Democrats' base. There was also evidence of dissatisfaction with the party from its base, with 20 percent of Democratic voters viewing it negatively, twice as high as the figure for Republicans who had a negative view of their party. The survey suggested that this may be because Democratic voters want their party to take a tougher position in Congress. Among Democratic voters, 65 percent said they wanted their congressional representatives to "stick to their positions even if that means not being able to get things done in Washington," while 32 percent said they should "make compromises with Trump to gain consensus on legislation." The poll largely reflects the debates occurring in the Democratic party right now in light of their 2024 defeat. Some feel that in order to get back on track and win back the House in the 2026 midterms, the party should take a more bipartisan approach to politics, and work with Trump to pass legislation, while others feel that doing so will alienate Democratic voters who see Trump as a toxic figure. Polls have shown voters are divided on this question. In Quantus' April survey, 49 percent said they Democratic party should respond to Trump by resisting or opposing him, while 41 percent said they believe the party should work with Trump. A HarrisX poll from May 14-15 found that 47 percent of all voters support calls for the Democrats to adopt a more aggressive stance toward the Trump administration, while 53 percent said they support moves by moderate Democrats to compromise with the Trump administration. "The Democratic Party does not have a unified message or plan to respond. There is no Democratic equivalent to the clear message of Trump and the far right in the U.S.," Loge warned. "That voters are less unhappy with Democrats than they are Republicans doesn't mean that voters like Democrats, only that they dislike them marginally less than they dislike Republicans. "Voters don't much like any political party or government official. Voters are tired of politics that looks like reality TV. Voters mostly just want things to work. They want to know they can get a job, and that job can pay the bills. Politicians are spending a lot of time telling voters nothing works, and voters believe them." Related Articles Cory Booker Says He Won't Take Money From Elon MuskDonald Trump Warns of 'Serious Consequences' if Elon Musk Backs DemocratsRepublican Gets Good Sign in New Jersey Governor's Race PollGen Z Voters Are Ditching GOP for Midterms-Poll 2025 NEWSWEEK DIGITAL LLC.
Miami Herald
42 minutes ago
- Miami Herald
Donald Trump's ‘Big Beautiful Bill' Suffers Blow
A new poll found that most people believe that President Donald Trump's signature spending bill will primarily benefit wealthy individuals while harming middle-class and low-income individuals. The more than 1,000-page One Big Beautiful Bill, which includes about $4.9 trillion in tax breaks, budget cuts, and new work requirements for Medicaid, among other budgetary changes, passed 215-214 in the House last month following weeks of negotiations. RepublicansThomas Massie of Kentucky and Warren Davidson of Ohio voted against it, joining every House Democrat. According to the Congressional Budget Office, the bill will add $2.4 trillion to the U.S. national debt. It also stated that the legislation reduces taxes by $3.75 trillion. The poll comes as the bill is being debated in the Senate and as Elon Musk spoke out against it, sparking a feud with Trump. According to the CBS News/YouGov poll, 47 percent of respondents believe the One Big Beautiful Bill will hurt middle-class individuals, while 31 percent think it will benefit them. The poll also found that 54 percent of those surveyed believe the bill will hurt poor people, while 31 percent think it will help them. At the same time, 60 percent of respondents believe the bill will benefit wealthy individuals, and 7 percent think it will hurt them. The poll of 2,428 adults was conducted between June 4 and June 6 and has a margin of error of +/- 2.4 percentage points. Senator Ted Cruz, a Texas Republican, told Fox News at the end of May: "We will get it done. Now, it's going to be bumpy, it's going to be messy. But we will get it done because it is the main vehicle for us to deliver on the mandate from the voters." Senator Elizabeth Warren, a Massachusetts Democrat, said in a statement: "The Congressional Budget Office just confirmed that Donald Trump's Big Beautiful Bill is, in Elon Musk's words, a 'disgusting abomination.' This independent analysis blows a hole through Congressional Republicans' lies—this bill will rip health care away from millions of people and still jack up the debt to fund trillions in tax breaks for billionaires and billionaire corporations." President Donald Trump, on Truth Social: "It's time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE!" House Minority Leader Hakeem Jeffries called the bill a "reckless, regressive and reprehensible GOP tax scam," and vowed to use it against Republicans in the upcoming midterm election cycle. House Speaker Mike Johnson, at a press conference: "This is a big day. We said on the House floor: It's finally morning in America again." He added: "Today, the House has passed generational, truly nation-shaping legislation to reduce spending and permanently lower taxes for families and job-creators, secure the border, unleash American energy dominance, restore peace through strength and make government work more efficiently and effectively for all Americans." The bill is headed to the Senate, where changes are expected as legislators aim for a July 4 deadline. The chamber has a 53-47 Republican majority, so it needs near unanimity for the bill to pass. Related Articles The 1600: Hot Trump SummerMore 'No Kings' Protests Are Planned Nationwide on June 14: What to KnowIran Trolls US Over LA RiotsThe Trump Administration's Fossil Fuels Decisions Are Taking America-and the Rest of the World-Backward | Opinion 2025 NEWSWEEK DIGITAL LLC.
