Evening Edition: Trump Announces Weapons Deal With NATO, Increased Tariffs On Russia Next
FOX's Eben Brown speaks with Dan Hoffman, FOX News contributor and former CIA Chief of Station in Moscow, who says the announcement should be well received with a plan that our European allies share more responsibility.
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Yahoo
18 minutes ago
- Yahoo
House Republicans showcase they 'took action' with passage of Trump's 'big, beautiful bill'
FIRST ON FOX: As the messaging battle over the GOP's sweeping domestic policy package takes center stage in the battle for the 2026 midterm elections, the House Republican campaign committee is launching its first ads since President Donald Trump signed the massive measure into law. "Republicans took action with President Trump to make America more affordable again, passing a Working Families Tax Cut, saving families thousands a year. Plus, no tax on tips and a tax cut on Social Security, benefiting workers and seniors," says the narrator in new ads from the National Republican Congressional Committee (NRCC). The ads, which will run digitally nationwide, were shared first with Fox News on Tuesday. The spots will be backed by a modest ad buy, according to officials. The Republican-controlled House and Senate, in near-party lines, two weeks ago narrowly passed the measure, known as the "one big, beautiful bill." And the president signed the bill into law during a July 4 ceremony at the White House. The Battle Over The 'Big, Beautiful Bill' Moves From Capitol Hill To The Campaign Trail The measure is stuffed full of Trump's 2024 campaign trail promises and second-term priorities on tax cuts, immigration, defense, energy and the debt limit. Read On The Fox News App It includes extending the president's signature 2017 tax cuts and eliminating taxes on tips and overtime pay. By making his first-term tax rates permanent — they were set to expire later this year — the bill will cut taxes by nearly $4.4 trillion over the next decade, according to analysis by the Congressional Budget Office and the Committee for a Responsible Federal Budget. Political Fight Over 'Big Beautiful Bill' Is Front-and-center In Key Senate Race The measure also provides billions for border security and codifies the president's controversial immigration crackdown. And the new law also restructures Medicaid — the almost 60-year-old federal program that provides health coverage to roughly 71 million low-income Americans. The changes to Medicaid, as well as cuts to food stamps, another one of the nation's major safety net programs, were drafted in part as an offset to pay for extending Trump's tax cuts. The measure includes a slew of new rules and regulations, including work requirements for many of those seeking Medicaid coverage. The $3.4 trillion legislative package is also projected to surge the national debt by $4 trillion over the next decade. What's Actually In Trump's 'Big Beautiful Bill' Democrats for months have repeatedly blasted Republicans over the social safety net changes. "BREAKING: House Republicans vote to kick 17 million people off health care," the headline in an email from the Democratic National Committee to supporters emphasized moments after the bill passed the House earlier this month. House Democratic Leader Hakeem Jeffries charged that "extreme House Republicans just approved the largest cut to Medicaid and food assistance in American history to fund tax breaks for their billionaire donors." And Democratic Congressional Campaign Committee (DCCC) chair Rep. Suzan DelBene pledged that "the DCCC will make sure every battleground voter knows how vulnerable House Republicans abandoned them by passing the most unpopular piece of legislation in modern American history, and we're going to take back the House majority because of it." Democrats spotlighted a slew of national polls conducted last month, before the measure was passed into law, that indicate the bill's popularity in negative territory. But Republicans have also been going on offense, targeting Democrats for voting against tax cuts. "Republicans are delivering real relief while Democrats deliver excuses. President Trump and House Republicans are cutting taxes, lowering costs, and putting working families first, just like we did before, and just like we'll do again," NRCC spokesman Mike Marinella told Fox News in a statement on Tuesday. And NRCC chair Rep. Richard Hudson of North Carolina, in an opinion piece published earlier this month, charged that House Democrats "rejected common sense" by voting against the bill. "And we will make sure each one of them has to answer for it," he vowed, as he pointed to next year's congressional elections, when the GOP will be defending its razor-thin majority in the article source: House Republicans showcase they 'took action' with passage of Trump's 'big, beautiful bill'
CNBC
20 minutes ago
- CNBC
Russia shrugs off Trump's threat of 'very severe tariffs'
President Donald Trump may have expected a Russian shudder of fear to greet his threat of "very severe tariffs" on the country if it didn't agree a ceasefire in Ukraine. Instead, his comments appear to have prompted a collective public shrug. Calling Trump's statements "very serious," Kremlin spokesman Dmitry Peskov said on Tuesday that Russia needs "time to analyze" them. But investors in the Russian capital who had been gearing up for tougher measures instead embraced a 50-day grace period on tariffs set by Trump on Monday and the Moscow Stock Exchange was up by 2.7% after it opened Tuesday morning. Oil prices also fell by more than $1 after the announcement, hinting that investors don't think Trump will follow through on his threat to impose the tariffs. Trump "did not announce any immediate anti-Russian measures or the confiscation of illegally blocked Russian assets," Leonid Slutsky, a prominent nationalist politician, said on Telegram Tuesday, adding that the president was trying to balance Western support for Kyiv while avoiding a confrontation with the Kremlin. Trump announced the levies along with the shipment of new weapons to Ukraine during a meeting with NATO Secretary General Mark Rutte at the White House on Monday. His comments came as a bipartisan bill co-sponsored by Sen. Lindsey Graham (R-S.C.) made its way through Congress. If passed, it would seek to impose 500% tariffs on countries that buy Russian oil and gas. Praising Trump's announcement, Graham and his bill's co-sponsor, Sen. Richard Blumenthal (D-Conn) said in a statement that "the ultimate hammer to bring about the end of this war will be tariffs against countries, like China, India and Brazil, that prop up Putin's war machine by purchasing cheap Russian oil and gas." However, Konstantin Kosachev, the Deputy Chairman of the Russian Federation Council, the upper house of the country's parliament, said Graham's bill made "no sense." In 50 days, "how much can change both on the battlefield and in the mood of those in power both in the U.S. and in NATO?" he added. And former Russian President Dmitry Medvedev, a hardliner who frequently issues over-the-top threats, called Trump's threat a "theatrical ultimatum" in a post on X. "We're going to be doing very severe tariffs if we don't have a deal in 50 days, tariffs at about 100%," Trump said, without providing further details. After the announcement, a White House official said Trump's threat of 100% tariffs was referring to Russian goods, as well as secondary sanctions on other countries that buy its exports. The president's comments signal a marked shift in tone over his Russian counterpart Vladimir Putin, for whom he has long shown admiration. "I've known him for a long time. We've always gotten along well," Trump said back in March. Many Western countries have have cut most of their own financial ties to Moscow during since Russia launched a full-scale invasion of its smaller neighbor, triggering the first major land war in Europe since World War II. Still, buyers of Russia's crude oil like China and India have continued financing Moscow's war chest with hundreds of billions of dollars through business with the world's third-largest oil producer. "It's about tariffs on countries like India and China that are buying their oil," Matt Whitaker, the U.S. ambassador to NATO told reporters Monday after Trump's announcement. "And it really is going to, I think, dramatically impact the Russian economy." Trump's threats of secondary tariffs are "never going to go anywhere" as long as he is unwilling to impose costs on Moscow directly, Keir Giles, a senior fellow at the London-based Chatham House think tank, told NBC News Monday. The tariffs also risk upending delicate China-U.S. trade talks, according to Liu Baocheng at Beijing's University of International Business and Economics. The "unilateral imposition of punitive trade creating new and unnecessary complications," Baocheng said, adding that the 100% secondary tariffs intended to pressure Moscow could instead "severely backfire by undermining global economic stability and fragmenting international cooperation." Most concerning, Baocheng added, was that the threat comes at a delicate juncture in U.S.-China trade relations, where secondary tariffs on Chinese companies or sectors that import Russian goods "would seriously damage the fragile momentum of dialogue." Trump's tariff agenda has also raised the stakes for India, which has been negotiating a trade deal with Washington to see tariffs on goods from India drop below 20%. India's External Affairs Minister S. Jaishankar told reporters Tuesday that his country had "been in touch" with Graham over its concerns and interests on energy and security. Elsewhere, Europe's chief negotiator Maroš Šefčovič told reporters in Brussels on Monday that a 30% tariff on European goods would have a "huge impact on trade." "It will be almost impossible to continue trading as we are used to in a transatlantic relationship," Šefčovič said.
Washington Post
24 minutes ago
- Washington Post
France holds Bastille Day military parade that, years ago, inspired Trump
PARIS — The City of Light decked itself out in red, white and blue on Bastille Day for the yearly military parade and fireworks show that commemorates the French Revolution and the history of the Republic — and which inspired President Donald Trump to stage his own military procession. About 7,000 people, plus 200 horses, marched down the Champs-Élysées in Paris on Monday as more than 100 aircraft flew overhead in an elaborate display of France's military strength, global alliances and strategic priorities.
