US Asks Appeals Court to Let Trump Tariffs Remain for Longer
A federal appeals court is closer to ruling on whether to keep most of President Donald Trump's global tariffs in place longer while the legal battle over them continues.
The Justice Department on Monday asked the US Court of Appeals for the Federal Circuit to extend its earlier short-term pause on a lower court's May 28 ruling that most of Trump's tariffs are illegal. The government said that the ruling harmed the president's ability to conduct foreign policy.
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CBS News
29 minutes ago
- CBS News
Trump administration activates 700 Marines in Los Angeles area amid ICE protests
The military has activated about 700 active-duty Marines who could be sent to Los Angeles, joining National Guard troops who were sent to the city to respond to protests, U.S. Northern Command said in a statement. Members of the Marine Corps could start arriving in the Los Angeles area as soon as Tuesday, a defense official told CBS News. The Marines are based in Twentynine Palms, a city east of Los Angeles. Northern Command said the Marines will "seamlessly integrate" with hundreds of members of the National Guard to protect "federal personnel and federal property." They have been trained in "de-escalation, crowd control and standing rules for the use of force," the military added. Secretary of Defense Pete Hegseth also said Monday that around 700 Marines "are being deployed to Los Angeles to restore order." Northern Command said the Marines who were activated are from the 2nd Battalion, 7th Marine Regiment, an infantry unit based in Twentynine Palms, California, east of Los Angeles. Hegseth said the Marines are being deployed from a different base — Camp Pendleton, south of Los Angeles. When asked earlier Monday about the possibility of sending in Marines, President Trump said, "We'll see what happens." Los Angeles Police Chief Jim McDowell said in a statement that the agency has decades of experience managing large-scale public demonstration and can handle the protests. "The arrival of federal military forces in Los Angeles — absent clear coordination — presents a significant logistical and operational challenge for those of us charged with safeguarding this city," he said in response to the possible deployment of Marines, adding that there needs to be open communication between all agencies to prevent confusion and avoid escalation. California Gov. Gavin Newsom's office said on X earlier Monday that it does not believe the Marines have been deployed yet, writing: "From our understanding, this is moving Marines from one base to another base." Newsom suggested late Monday he could take legal action over the planned use of Marines, calling it illegal: "It's a blatant abuse of power. We will sue to stop this," he wrote on X. Mr. Trump deployed National Guard troops to downtown Los Angeles over the weekend to respond to tense protests over Immigration and Customs Enforcement arrests. The Trump administration argues the deployment is necessary to protect federal property and ICE agents from violence. Mr. Trump has accused local leaders of not doing enough to deal with violent clashes at the protests. Newsom opposed the deployment, and the state of California is suing the Trump administration over what it argues is an illegal federalization of the National Guard. Some local officials have argued the deployment could aggravate an already caustic situation in downtown Los Angeles, and say state and local police agencies can handle the protests themselves. "We didn't have a problem until Trump got involved," Newsom posted on X Monday.
San Francisco Chronicle
38 minutes ago
- San Francisco Chronicle
Asian shares gain as investors keep an eye on China-US trade talks
Asian shares were mostly higher on Tuesday as investors kept an eye on China-U.S. trade talks that might help stave off a recession. A second day of talks was planned after U.S. and Chinese officials met in London for negotiations over various issues. The hope is that they can eventually reach a deal to reduce painfully high tariffs against each other. Most of the tariff hikes imposed since U.S. President Donald Trump escalated his trade war are paused to allow trade in everything from tiny tech gadgets to enormous machinery to continue. In Asian trading, Tokyo's Nikkei 225 gained 1% to 38,473.97, while the Kospi in South Korea jumped 0.9% to 2,881.40. Hong Kong's Hang Seng edged 0.2% higher, to 24,242.03 and the Shanghai Composite index was up 0.1% at 3,403.51. In Taiwan, the Taiex surged 2%. Australia's S&P/ASX 200 advanced 0.7% to 8,578.50. On Monday, the S&P 500 edged up just 0.1% and at 6,005.88 is within 2.3% of its record set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below 0.1%, to 42,761.76. The Nasdaq composite added 0.3% to 19,591.24. Hopes that President Donald Trump will lower his tariffs after reaching trade deals with countries around the world have helped the S&P 500 has rally back after it dropped roughly 20% from its record two months ago. It's back above where it was when Trump shocked financial markets in April with his wide-ranging tariff announcement on what he called 'Liberation Day.' Some of the market's biggest moves came from the announcement of big buyout deals. Qualcomm rallied 4.1% after saying it agreed to buy Alphawave Semi in a deal valued at $2.4 billion. IonQ, meanwhile, rose 2.7% after the quantum computing and networking company said it agreed to purchase Oxford Ionics for nearly $1.08 billion. On the losing side of Wall Street was Warner Bros. Discovery, which flipped from a big early gain to a loss of 3% after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products. Tesla recovered some of its sharp, recent drop. The electric vehicle company tumbled last week as Elon Musk's relationship with Trump broke apart, and it rose 4.6% Monday after flipping between gains and losses earlier in the day. The frayed relationship could end up damaging Musk's other companies that get contracts from the U.S. government, such as SpaceX. Rocket Lab, a space company that could pick up business at SpaceX's expense, rose 2.5%. In the bond market, the yield on the 10-year Treasury eased to 4.48% from 4.51% late Friday. It fell after a survey by the Federal Reserve Bank of New York found that consumers' expectations for coming inflation eased a bit in May. Economists expect a report coming on Wednesday to show inflation across the country accelerated last month to 2.5% from 2.3%. The Fed has been keeping its main interest rate steady as it waits to see how much Trump's tariffs will raise inflation and how much they will hurt the economy. A persistent increase in expectations for inflation among U.S. households could drive behavior that creates a vicious cycle that only worsens inflation. In other dealings early Tuesday, U.S. benchmark crude oil picked up 31 cents to $65.60 per barrel. Brent crude, the international standard, also gained 31 cents, to $67.35. The dollar rose to 144.93 Japanese yen from 144.61 yen. The euro slipped to $1.1399 from $1.1421. ___
CNN
39 minutes ago
- CNN
L.A. Protests Enter 4th Night - CNN NewsNight with Abby Phillip - Podcast on CNN Audio
L.A. Protests Enter 4th Night CNN NewsNight with Abby Phillip 61 mins A fourth night of protests is unfolding right now in Los Angeles as President Trump deploys the United States military on American soil. It is an extraordinary show of his executive power, triggered by days of unrest over his administration's immigration raids.
