US-China Trade Truce Signed
The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said, adding that the White House has imminent plans to reach agreements with a set of 10 major trading partners. The China deal, which Lutnick said had been signed two days ago, codifies the terms laid out in trade talks between Beijing and Washington, including a commitment from China to deliver rare earths used in everything from wind turbines to jet planes. 'They're going to deliver rare earths to us' and once they do that, 'we'll take down our countermeasures,' Lutnick told Bloomberg News in an interview. Today's guests: Alex Brazier, BlackRock Global Head of Investment and Portfolio Solutions, Themistoklis Fiotakis, Barclays Global Head of FX Strategy and Emerging Markets Macro Strategy, Mattias Ljungman, Moonfire Ventures Founder and Managing Partner (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
29 minutes ago
- CBS News
Slain Rep. Melissa Hortman's beloved dog, Gilbert, remains with her as she and her spouse lie in state
Gilbert was at home during the fatal shootings of two family members, and when the prominent Minnesota legislator and her husband lay in state Friday at the state Capitol, the golden retriever was there beside them. He is all but certainly the first dog to receive the honor, having been put down after being badly injured in the attack. There is no record of any other nonhuman ever lying in state, and the late state Rep. Melissa Hortman, the state House's top Democrat and a former speaker, is the first woman. The state previously granted the honor to 19 men, including a vice president, a U.S. secretary of state, U.S. senators, governors and a Civil War veteran, according to the Minnesota Legislative Reference Library. Hundreds of people waited outside the Capitol before they were allowed into the rotunda at noon, with the line to pay respects snaking out of the building and along an adjacent street. The Hortmans' caskets were decorated with flowers and folded U.S. and Minnesota flags. Two pedestals sat between them, one for an arrangement of flowers and the other, for the gold-colored urn holding Gilbert's remains. Minnesota Gov. Tim Walz and first lady Gwen Walz look on as DFL Rep. Melissa Hortman, her husband Mark Hortman, and their dog Gilbert lie in state in the rotunda of the Capitol building on June 27, 2025 in St. Paul, Minnesota. Law enforcement agencies captured Vance Boelter on June 15th in connection with the killing of Rep. Hortman and her husband, Mark, who were shot at their home on June has received a flood of tributes like Hortman and her husband, Mark, ever since news spread online that he had been shot, too, in the attack early on the morning of June 14 by a man posing as a police officer. The accused assassin, Vance Boelter, is also charged with shooting a prominent Democratic state senator and his wife, and authorities say Boelter visited two other Democratic lawmakers' homes without encountering them. The dog's injuries were severe enough that surviving family members had him put to sleep at a veterinary clinic in the Hortmans' hometown of Brooklyn Park, a Minneapolis suburb. The clinic, Allied Emergency Veterinary Service, called Gilbert "sweet and gentle" and "deeply loved" on a GoFundMe site raising money for the care of local police dogs. Hours after the shootings, a nonprofit that trains service dogs, Helping Paws Inc., posted a picture on Facebook of Gilibert with the murdered Minnesota lawmaker, both smiling. The Hortmans provided a foster home to dogs to help train them to be service animals, and one of them, Minnie, had graduated on to assisting a veteran. But Helping Paws said in its post that Gilbert "eventually career changed."
Fox News
29 minutes ago
- Fox News
Trump says 'big, beautiful' bill 'must' meet deadline as some Republicans waver
House Republicans are growing increasingly wary of the self-imposed July 4 deadline to get President Donald Trump's "big, beautiful bill" to the White House, as the president warns that the bill "must" be ready for his signature by then. "I think it's more important to get the bill correct than it is to get it fast," Rep. Scott Perry, R-Pa., a former House Freedom Caucus chairman, told Fox News Digital. "I'm interested in a great deliverable product, and spending the time and the resources necessary to get that, whatever they may be." It's a thought shared by members outside of the conservative rebel group as well – Rep. Nicole Malliotakis, R-N.Y., who represents part of New York City, said Fourth of July is a "realistic" goal, but not one she was married to. "I'm not set on getting this done by July 4th. I know that's a goal, it's a nice soundbite, doing this on Independence Day and celebrating America," Malliotakis said. "But at the end of the day, we've got to do it right. And I'd rather take a few more days, a few more weeks, to make sure we can deliver a good product for the American people." Speaker Mike Johnson, R-La., told reporters on Friday that it was "possible" the deadline could slip, "but I don't want to even accept that as an option right now. We want to try to push this." The vast tax and immigration bill is currently in the Senate, where lawmakers are still working through several key issues on Medicaid and state and local tax (SALT) deductions among other details. An earlier version passed the House by just one vote in late May. Now, several House Republicans are balking at proposed changes in the Senate – though there's still no final product – and warning that the bill could lose their support when it returns to the House. Rep. Greg Murphy, R-N.C., who leads the Doctors Caucus, told Fox News Digital he had issues with the Senate version's comparably harsher cuts to federal Medicaid funding. "There is uniform agreement amongst many, many members in the House - if there's a change in the [federal Medicaid assistance percentage], we're not voting for it. It would remove the Medicaid expansion of North Carolina. I won't stand for that," he said. Asked about the feasibility of a July 4 deadline, Murphy said, "I've been a surgeon all my life … if I plan things, I'm used to having them given up in case a patient needs me for emergencies and things like that." Rep. Nick LaLota, R-N.Y., a moderate, said "there might be some prudence" in letting go of the July 4 deadline. Conservative Rep. Michael Cloud, R-Texas, was more optimistic. "I think it's more worth it to get the bill right, but that's not to say we won't get it done by then," he said. Rep. Lloyd Smucker, R-Pa., suggested the timeline will rely heavily on Trump. The Senate is expected to work through the weekend to pass the bill. Johnson told House Republicans, meanwhile, to be flexible next week when they're expected to be home in their districts. Sources have told Fox News Digital that House GOP leaders have offered varying estimations of when lawmakers will have to be back in Washington, from Tuesday through Thursday. And the House is up against at least one real-world deadline – the U.S. is expected to run out of cash to pay its debts by the summer, according to multiple projections. Republicans have made raising the debt limit a priority in the bill. Trump, for his part, wrote on Truth Social Friday, "The House of Representatives must be ready to send it to my desk before July 4th – We can get it done." He said during a press conference earlier in the day, "We can go longer, but we'd like to get it done by that time, if possible."
New York Times
33 minutes ago
- New York Times
Fearing Tax Increases and Trump, G.O.P. Toils to Pass a Bill With Plenty to Hate
As Congress inches toward final action on the sweeping domestic policy package that President Trump is calling the 'big, beautiful bill,' it has come down to this: Republicans are preparing to back a measure that they fear gives their constituents little to love and lots to hate. The struggle Republicans are experiencing in securing votes for the legislation emanates from the fact that they are being asked to embrace steep cuts to the government safety net that could hit their states and districts hard — all in the service of extending existing tax cuts that don't offer much in the way of new benefits for most Americans. The heart of the legislation — $3.8 trillion in tax cuts — is already in place, enacted eight years ago during the first Trump administration. The measure simply extends those tax breaks, leaving Republican lawmakers unable to trumpet generous new tax savings for Americans. On the other hand, the bill would scale back popular health and nutrition programs to pay for part of the enormous cost of keeping the tax rates that are already in place. Reductions to Medicaid, SNAP and other safety net programs are not the only elements dividing the party. Republicans in states that have new clean energy projects started under a Biden-era program want those projects protected, while others want them ended immediately. A proposal to sell off public lands in the West has split Republicans from the region. A ban on states regulating artificial intelligence for 10 years is in dispute. Hard-right Republicans want much deeper cuts across the board. At the same time, the bulk of new spending in the legislation goes to the Pentagon and border security, two areas where Americans won't feel any boost in their own bank accounts. Want all of The Times? Subscribe.
