'You should be concerned': Historian warns Trump's legal attacks mark ‘push toward authoritarianism'
Two Bush-appointed judges partially blocked Trump's executive orders penalizing firms that took cases against him, calling the actions 'troubling and retaliatory.' NBC's Ken Dilanian and Historian Anne Applebaum join Morning Joe to discuss why this should matter to Americans.
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Yahoo
21 minutes ago
- Yahoo
US and China ‘back to square one' after two days of trade talks
Talks between the US and China are 'back to square one' after two days of trade negotiations in London failed to secure a major deal. Howard Lutnick, Donald Trump's commerce secretary, said the two sides had agreed on a 'framework' to put their trading relations back on track and repair the truce initially agreed in Geneva last month. There was little market reaction to the announcement at Lancaster House shortly after midnight, with the dollar strengthening a little and stock markets opening marginally higher. The two sides have until Aug 10 to negotiate a more comprehensive agreement to ease trade tensions, or US tariffs on China will snap back from about 30pc to 145pc, with China's levies on America increasing from 10pc to 125pc. Josh Lipsky, of the Atlantic Council's GeoEconomics Center in Washington, said: 'They are back to square one but that's much better than square zero.' Jim Reid, a Deutsche Bank analyst, added: 'While the mood music has stayed positive, investors may be wary of the pattern that emerged during the previous US-China trade talks in 2018-19, when apparently constructive in-person meetings seemed to take a step back as the negotiating teams returned to their capitals. 'So there's perhaps a little disappointment this morning that we haven't yet got a bigger announcement, even though there's time to hear the full conclusions of the meeting.' Senior officials from Washington and Beijing had gathered in London after accusations from both sides that they had violated the terms of the deal made in Switzerland. Mr Trump and Xi Jinping held a call last week that Mr Lutnick said 'gave the fundamental foundation on which we were able to reach agreement'. Mr Lutnick said: 'We have reached a framework to implement the Geneva consensus and the call between the two presidents. 'The idea is we're going to go back and speak to President Trump and make sure he approves it. 'They're going to go back and speak to President Xi and make sure he approves it, and if that is approved, we will then implement the framework.' In a separate briefing, Li Chenggang, China's vice commerce minister, said a trade framework had been reached in principle that would be taken back to US and Chinese leaders. Mr Lutnick said China's restrictions on exports of rare earth minerals and magnets to the US would be resolved as a 'fundamental' part of the framework agreement. He also said the agreement would remove some of the recent US export restrictions, but did not provide details. Kathleen Brooks, the research director at XTB, a trading platform, said: 'Overall, the US-China trade agreement is taking its time, and it could test the market's patience.' Meanwhile, the European Union reportedly believes it could extend its trade negotiations with the US beyond the initial deadline next month. The EU thinks there could be scope for further talks if it agrees a deal in principle by July 9, which is considered its best-case scenario, according to Bloomberg. The Trump administration is scheduled to enforce 50pc tariffs on EU goods beyond that date unless a deal is reached. 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.
Business Upturn
23 minutes ago
- Business Upturn
Donald Trump confirms US-China deal done, says rare earth deal and 55% tariffs finalised
Donald Trump touts 55% tariffs and rare earth supply in pending China deal By News Desk Published on June 11, 2025, 17:56 IST Last updated June 11, 2025, 17:57 IST Former U.S. President Donald J. Trump on Tuesday announced via social media that a new deal with China has been reached, pending final approval from both himself and Chinese President Xi Jinping. According to Trump, the agreement includes upfront Chinese supply of 'full magnets' and 'any necessary rare earths' to the U.S. In return, the U.S. will uphold previously agreed terms, which Trump said include allowing Chinese students to continue studying at American colleges and universities — a relationship he described as 'always been good with me!' Trump emphasized that under the new deal, the U.S. will receive a combined total of 55% in tariffs, while China will get 10%. 'Relationship is excellent!' Trump declared in the post, adding thanks for attention to the matter. The post, shared on June 11, 2025, at 8:04 AM, comes amid ongoing geopolitical and trade tensions between the world's two largest economies. No official confirmation has yet been released by Chinese authorities or the U.S. State Department. News desk at
Business Upturn
23 minutes ago
- Business Upturn
U.S. President Trump says he has no hard feelings for Musk, leaves door open for reconciliation
By Aditya Bhagchandani Published on June 11, 2025, 17:40 IST U.S. President Donald Trump has downplayed recent tensions with Elon Musk, saying he holds 'no hard feelings' despite their very public feud over the past week. His comments come shortly after Musk posted on X, formerly Twitter, that he 'regrets some of [his] posts' about Trump, admitting, 'They went too far.' In an interview addressing the ongoing spat, Trump said he was surprised by Musk's criticism of the 'One Big Beautiful Bill Act,' which the President described as 'phenomenal' and 'the best thing we signed in the country.' 'When he did that, I was not a happy camper,' Trump said, adding, 'I don't know what his problem is… I haven't thought too much about him in the last little while.' Despite the fallout, Trump appeared to extend an olive branch, stating, 'I think he feels very badly he said [those things]… I was disappointed in him, but it is what happens. I don't blame him for anything.' When asked about the possibility of reconciling with Musk, Trump replied, 'I guess I could, but we have to straighten out the country.' This marks a potential cooling in tensions that had escalated sharply in recent days. Musk had accused Trump of suppressing the Epstein files and labeled the tax proposal a 'pork-filled abomination,' prompting Trump to suggest pulling federal contracts from Musk-led ventures. Musk responded by threatening to halt NASA-related SpaceX missions and hinted that Trump owed his 2024 victory to Musk's influence. As of now, no direct meeting has taken place, but Musk's heart emoji response to Trump's earlier 'wish him well' remark has kept speculation alive about an eventual reconciliation between the two powerhouses. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
