Warsaw's Pro-EU Mayor Leads in Poland Vote, Exit Polls Show
The centrist mayor of Warsaw took a slim lead in Poland's presidential election over a nationalist candidate backed by Donald Trump, giving a boost to the country's pro-European Union government, exit polls show.
Rafal Trzaskowski won 50.3% of the vote, while Karol Nawrocki took 49.7%, according to a nationwide exit poll on Sunday, which has a margin of error of about 2 percentage points. Results will be tallied through the night, with official results due Monday.
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Politico
12 minutes ago
- Politico
Trump wants a manufacturing boom. The industry is buckling.
President Donald Trump is vowing to spark a manufacturing boom with tariffs to protect American workers and industry. So far, it's manufacturers that have borne the brunt of the pain. The president's surprise decision to raise tariffs on imported steel and aluminum to 50 percent will hit domestic manufacturing just as a new report shows the industry is already contracting. Uncertainty about where tariff rates will ultimately land — or where they'll be applied — has forced businesses to make hard decisions that could cut into both profits and hiring. And a leading trade group on Thursday called on Trump to give the companies a break on the tariffs. 'For a president who is intent on building U.S. manufacturing, the tariff strategy he's laid out is remarkably short-sighted,' said Gordon Hanson, a Harvard Kennedy School professor whose groundbreaking 2016 research work, 'The China Shock,' was among the first to sound the alarm about the threat to American industry. 'It fails to recognize what modern supply chains look like.' 'Even if you're intent on reshoring parts of manufacturing, you can't do it all,' he said. 'Steel and aluminum are part of that.' If Trump's tariffs fail to result in a manufacturing renaissance — a central focus of his presidential campaign — it could weaken the prospects of a GOP coalition that's increasingly reliant on working-class voters who supported his protectionist trade policies. But as unanticipated tariffs continue to drive up input costs for companies that need steel and aluminum for production, the warning signs emanating from manufacturers are getting louder. An index published this week by the Institute for Supply Management, which tracks manufacturing, slipped for the third straight month in May as companies made plans to scale back production. A quarterly survey conducted by the National Association of Manufacturers reported the steepest drop in optimism since the height of the Covid-19 pandemic, with trade uncertainty and raw material costs cited as top concerns. Federal Reserve data this month reported weaker manufacturing output. The manufacturers' association on Thursday urged Trump to develop a 'speed pass' that would allow companies to avoid costly new duties on imported raw materials and components that are essential to U.S. producers. 'The steel and aluminum tariffs are almost custom-made to hurt American manufacturing,' said Ernie Tedeschi, a former top Biden administration economist who's now with the Yale Budget Lab. Trump and top administration officials argue that tariffs will encourage investment in domestic manufacturers, which should lead to better-paying jobs, a more resilient economy and more secure supply chains. Exports climbed in April as the president's tariffs took hold, which contributed to an eye-popping decline in the U.S. trade deficit. Indeed, the overall economy remains solid, and businesses are continuing to hire, according to Friday's jobs report for May. Despite the trade headwinds, employment in the manufacturing sector has remained steady since Trump took office. 'As the president says, if you don't make steel, you can't fight a war. He's protecting that industry and bringing it back,' Commerce Secretary Howard Lutnick told Senate lawmakers this week. 'You're going to see more steel and aluminum furnaces and mills in the history of this country get built over the next three years.' The White House did not respond to a request for comment. Trump welcomed the monthly jobs report, posting on Truth Social: 'AMERICA IS HOT! SIX MONTHS AGO IT WAS COLD AS ICE! BORDER IS CLOSED, PRICES ARE DOWN. WAGES ARE UP!' Still, domestic manufacturers who rely on international supply chains for critical steel and aluminum inputs will face tough choices if they want to maintain their profits while keeping output steady. 'Higher costs are expected. Higher input prices. The question is, what do you do with those costs? How much can you pass along to the consumer? How much can you negotiate with your suppliers?' said Andrew Siciliano, a partner at KPMG who leads the consulting firm's trade and customs practice. The challenges posed by the increase in steel and aluminum tariffs are particularly acute because it's far from clear whether domestic suppliers will be able to meet the demands of domestic manufacturers. Almost half the aluminum used in the U.S. last year came from foreign sources, according to federal data, and roughly a quarter of all steel is imported. Either way, 'input costs are going to be higher,' Siciliano said. 'If they pass it on, it could affect demand. If they don't pass it on, it could affect profitability.' That isn't to say manufacturers won't benefit from tariffs in the long term. To the extent that Trump's overall tariff regime limits imports, U.S.-based industrial production could expand to address unmet demand. The Budget Lab's analysis of Trump's tariff regime — which includes the 50 percent tariffs on steel and aluminum — projects that manufacturing output could grow by 1.3 percent over the next five years if existing import duties are left in place. But Tedeschi cautioned that growth may exclude segments like electronic and semiconductor production — which tend to generate higher incomes for workers. Meanwhile, output in other sectors like construction or agriculture would likely contract. Julia Coronado, founder of MacroPolicy Perspectives, also said the flurry of new import duties may prompt some manufacturers to actually move their manufacturing facilities offshore rather than subject their supply chains and production processes to multiple tariffs. 'If I have to assemble a bunch of parts and inputs, why don't I just don't do that on the Canadian or Mexican side of the border and then pay the tariff on the final good?' she said. An even bigger challenge may involve finding and training workers who can staff up any facilities that reshore. Most Americans work in the service sector and, to the extent tariffs lead to reshoring, those facilities will likely rely heavily on automation, according to economists at the Bank of America Institute. Finding qualified workers in the U.S. is either too difficult or too expensive. 'Whatever manufacturing production comes back to the U.S. will require far fewer jobs than 30 or 40 years ago,' Hanson said. 'It's just the way the world has gone.'
Yahoo
12 minutes ago
- Yahoo
Who are the United States Supreme Court Justices?
Politics in the United States in recent years have surrounded the position of the president. But that has not changed the American political system. It's still all about checks and balances in the United States, which includes the judicial branch and Supreme Court. That arm of the U.S. government has nine justices seated on the bench, all of which were appointment by presidents at one point or another. Their jobs are for life and the group of nine is led by one chief justice. As of 2025, here is the full list of the nine justices in the United States Supreme Court. Date appointed: Sept. 29, 2005. Appointed by: President George W. Bush. Political affiliation: Republican. Date appointed: Oct. 23 1991. Appointed by: President George H. W. Bush. Political affiliation: Republican. Date appointed: Jan. 31, 2006. Appointed by: President George W. Bush. Political affiliation: Republican. Date appointed: Aug. 8, 2009. Appointed by: President Barack Obama. Political affiliation: Democrat. Date appointed: Aug. 7, 2010. Appointed by: President Barack Obama. Political affiliation: Democrat. Date appointed: April 10, 2017. Appointed by: President Donald Trump. Political affiliation: Republican. Date appointed: Oct. 6, 2018. Appointed by: President Donald Trump. Political affiliation: Republican. Date appointed: Oct. 27, 2020. Appointed by: President Donald Trump. Political affiliation: Republican. Date appointed: June 30, 2022. Appointed by: President Joe Biden. Political affiliation: Democrat. This article originally appeared on The List Wire: List of United States Supreme Court Justices
Yahoo
12 minutes ago
- Yahoo
Britain's biggest steelmaker warns it faces Trump tariffs hit
The Indian owner of the Port Talbot steelworks has warned that a carve-out from Donald Trump's tariffs is 'critical' to its business. Tata Steel's UK operations are at risk of falling foul of American import tariffs even if a pending agreement between London and Washington is formalised, because of a reliance on steel made in India and elsewhere. This is because of American demands that UK steel products can only be exempt from tariffs if they used metal that was 'melted and poured' domestically. Ministers are trying to secure an exemption for Tata, which is Britain's largest steel producer, but the business otherwise faces being hit by Mr Trump's 50pc tariffs on foreign steel. The company closed the last blast furnaces at Port Talbot, south Wales, last year and is currently in the process of building an electric arc furnace at the site, which will recycle domestically-sourced scrap metal. In the meantime, Tata has resorted to importing steel melted in India and Europe for processing into products that are then shipped onwards to America. The temporary measures mean the company risks running afoul of Mr Trump's 50pc tariffs on foreign steel, which are currently scheduled to be imposed on the UK from July 9. British steel products already face tariffs of 25pc, like those from much of the rest of the world, but the trade deal in principle struck by Mr Trump and Sir Keir Starmer would see the tax rate fall to zero. However, despite four weeks of talks, the deal has yet to be implemented. When Mr Trump imposed 50pc steel tariffs on the rest of the world, he gave Britain a reprieve until July 9 – and negotiators are now racing to conclude something before then. Even this poses a problem for Tata, as the deal's framework stipulates that steel products sent from the UK to the US must use steel that was 'melted and poured' domestically to qualify for tariff relief. The Government is seeking to obtain a temporary carve-out for Tata and has reportedly said it is confident of success, but the warning from Tata signalled nervousness within the company on Friday. It is understood that being hit by 50pc tariffs would force Tata to either try to pass some costs on to customers or absorb them itself. If it could not absorb them, production cuts may have to be considered. Rajesh Nair, the chief executive of Tata Steel UK, said: 'Tata Steel UK will need to import steel substrate until Electric Arc Furnace steelmaking is operational in Port Talbot from late 2027 onwards. 'It is therefore critical for our business that melted and poured in the UK is not a requirement to access the steel quotas in any future trade deal. 'Even though we are not currently melting steel in the UK, we remain the largest steel producer in the country and our mills continue to transform imported steel coil and slab into high-value, specialist products which are not available from US producers and are therefore essential to our US customers. 'We urge the Government to secure a deal as soon as possible, and we would be happy to provide the US government with any needed assurances on the provenance and processing of the steel we supply.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
