logo
White House's Miran Says More Trade Deals Are Coming

White House's Miran Says More Trade Deals Are Coming

Yahoo5 days ago

A set of new international trade deals could be in place over the next several weeks even as the White House continues to adjust tariff levels, Council of Economic Advisers Chairman Stephen Miran said Wednesday. In an interview at The Wall Street Journal's Future of Everything conference, Miran said the spring's market volatility hasn't been surprising amid historic adjustments to trade policy. "It's absolutely going to settle down," Miran said of the administration's rapid trade-policy shifts.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Biden coverup demands ‘Watergate' hearings, Democrats' Hispanic exodus and other commentary
Biden coverup demands ‘Watergate' hearings, Democrats' Hispanic exodus and other commentary

New York Post

time8 hours ago

  • New York Post

Biden coverup demands ‘Watergate' hearings, Democrats' Hispanic exodus and other commentary

Conservative: Biden Coverup Demands 'Watergate' Hearings 'Missing from the hand-wringing' over 'the massive coverup of Joe Biden's mental decline,' fumes Kenneth L. Khachigian at The Wall Street Journal, 'is a demand for accountability.' No! 'If Congress takes seriously that it should act when Americans are cynically hoodwinked,' then 'it must begin an investigation into the coverup that matches or exceeds the Senate Watergate Committee hearings.' Crucially, were decisions with 'potentially catastrophic international consequences' made by 'an enfeebled President Biden' or by the 'Politburo' aides who hid his true state? Advertisement Get going: 'Each day that an investigation is delayed,' central players 'might be destroying records, replacing cellphones and following Hillary Clinton's example by wiping their email servers.' Liberal: Democrats' Hispanic Exodus Fresh data 'has underscored the extent of Hispanic defection from the Democrats over the last two presidential cycles,' observes the Liberal Patriot's Ruy Teixeira. Amazingly, 'Democratic support dropped by a gobsmacking 46 points among Hispanic moderates, from +62 to +16, between 2016 and 2024.' Advertisement Much like white moderates, they 'are voting their ideology and political views, not their group identity.' These voters think Democrats 'moved too far left on economic issues' and 'cultural and social issues.' Hispanic moderates are 'tough on crime,' 'support law enforcement,' oppose 'gender ideology in public schools,' and 'want cheap, reliable energy.' 'Considering that moderates are the dominant ideological group among Hispanics,' Democrats can 'either adjust or risk losing even more support among Hispanics who are no longer content to vote their identity.' From the right: Hail Elon's Space Exploits Advertisement 'What makes [Elon] Musk so important' is not his 'troubled venture into government,' but how he's 'reviving a spirit of exploration on a big scale,' cheers the Washington Examiner's Byron York. The United States reduced then abandoned 'space exploration after the peak moment of Apollo' decades ago. Now Musk's 'hugely ambitious' Starship program, 'which is designed to go to Mars,' is 'the heart of the American space program.' Yes, 'Musk has received the most public attention' for his DOGE work, a role ' he proved entirely unsuited' for, bringing him 'constant attacks.' Advertisement But 'Americans owe him a debt of gratitude for almost single-handedly restoring a sense of ambition and purpose to' space exploration and exploitation, 'a great field of US achievement.' Libertarian: Don't Pardon 'Gold Bars' Menendez With a tweet charging 'it was the Democrats who started weaponizing the Justice Dept.,' argues Reason's Billy Binion, 'Bob Menendez, the disgraced former senator from New Jersey,' is obviously angling for a presidential pardon before heading to prison this month after his conviction for 'accepting almost $1 million in bribes in exchange for, among other things, favors that benefited foreign governments.' No way: The pardon power exists 'to give a lifeline to people who may have been railroaded by the government, which sometimes gets creative and fanatical in its attempts to punish people. It is not supposed to be a get-out-of-jail-free card for well-connected, powerful people who can flatter the president.' And 'Gold Bars' Menendez 'as a senator, was one of the most powerful people in the country.' Financial analyst: Universities' Big Squeeze 'The nightmare scenario for elite universities is here,' warns Semafor's Liz Hoffman. 'Top universities are financial titans,' except 'they make a lot of money but spend almost all of it.' Now the Trump administration threatens not their 'federal grants and contracts' but their lucrative 'tax-exempt status' and the OK to admit 'students from abroad,' who now 'make up as much as one-quarter of undergraduates at elite colleges and tend to pay sticker price, while American students get discounts.' Advertisement Yes, many have huge endowments — 'too much' of that money is 'tied up in assets that can't be sold quickly' such as 'private equity, private credit, real estate, and venture capital.' Now 'Wall Street investors are expecting endowments to look to sell portfolios of these stuck investments for cash in the coming weeks.' — Compiled by The Post Editorial Board

US, China trade row could ease after Trump-Xi talks: Treasury chief
US, China trade row could ease after Trump-Xi talks: Treasury chief

Yahoo

time16 hours ago

  • Yahoo

US, China trade row could ease after Trump-Xi talks: Treasury chief

US Treasury Secretary Scott Bessent said Sunday that President Donald Trump could speak with China's Xi Jinping "very soon," and that such a call could help break the logjam in the trade talks between the world's two biggest economies. Trump on Friday accused Beijing of violating a deal reached last month in Geneva -- negotiated by Bessent -- to temporarily lower staggeringly high tariffs they had imposed on each other, in a pause to last 90 days. China's slow-walking on export license approvals for rare earths and other elements needed to make cars and chips have fueled US frustration, The Wall Street Journal reported Friday -- a concern since confirmed by US officials. But Bessent seemed to take the pressure down a notch, telling CBS's "Face the Nation" that the gaps could be bridged. "I'm confident that when President Trump and Party Chairman Xi have a call that this will be ironed out," Bessent said, however noting that China was "withholding some of the products that they agreed to release during our agreement." When asked if rare earths were one of those products, Bessent said, "Yes." "Maybe it's a glitch in the Chinese system. Maybe it's intentional. We'll see after the president speaks with" Xi, he said. On when a Trump-Xi call could take place, Bessent said: "I believe we will see something very soon." Since Trump returned to the presidency, he has slapped sweeping tariffs on most US trading partners, with especially high rates on Chinese imports. New tit-for-tat levies on both sides reached three digits before the de-escalation this month, where Washington agreed to temporarily reduce additional tariffs on Chinese imports from 145 percent to 30 percent. China, meanwhile, lowered its added duties from 125 percent to 10 percent. In an interview with ABC's "This Week," Commerce Secretary Howard Lutnick said China was "slow-rolling the deal," adding: "We are taking certain actions to show them what it feels like on the other side of that equation." "Our president understands what to do. He's going to go work it out," Lutnick said. sst-gl/md

United Airlines CEO Scott Kirby slams the budget airline model: 'It's dead'
United Airlines CEO Scott Kirby slams the budget airline model: 'It's dead'

Business Insider

time2 days ago

  • Business Insider

United Airlines CEO Scott Kirby slams the budget airline model: 'It's dead'

United Airlines CEO Scott Kirby earlier this week took a shot at what he called the "crappy" budget airline model. Speaking at The Wall Street Journal's "Future of Everything" event on Thursday, Kirby said the low-cost carrier model was "dead." "The model was screw the customer," he said. "It was like trick people, get them to buy, and get them to come, and then charge them a whole bunch of fees that they aren't expecting … disclosures buried in legalese," he continued. "Their problem is they got big enough that they needed repeat customers. They don't get them." Kirby's comments came the same day that United announced a new partnership with JetBlue, which many consider to be a budget carrier. The partnership, known as Blue Sky, will allow United to access slots for up to seven daily round-trip flights out of JFK's Terminal 6 as early as 2027. The deal, which is subject to regulatory review, will also allow customers to earn and use frequent flyer miles across both airlines, among other things. Kirby said on Thursday that JetBlue offered something different to traditional budget airlines. "JetBlue was founded in trying to be a better airline for customers. Budget airlines were founded in trying to have the absolute bare bones lowest cost," he said. "They may both be startups, but two polar-opposite business models." The exec was pressed on whether United had considered purchasing JetBlue. Laughing, Kirby said he was asked that "a lot" and that he was "reluctant" to do a merger. "Mergers are hard," he said. Going forward, he said United was focusing on its frequent flyers. "What we're really looking for is to have a bigger presence for our frequent flyers on both sides of the Hudson," he said. "To be bigger in places like Boston." Despite outperforming most of its peers in 2024, United announced in April that it would cut about 4% of its domestic capacity starting in July because of softening demand. Trump's tariffs caused some Canadians and other international travelers to cancel their summer vacations in the United States, which could mean trouble for domestic airlines. "The company's outlook is dependent on the macro environment, which the company believes is impossible to predict this year with any degree of confidence," the airline said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store
White House's Miran Says More Trade Deals Are Coming