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US Threatens 250% Rise in Pharma Tariffs, India Tariff Blitz

US Threatens 250% Rise in Pharma Tariffs, India Tariff Blitz

Bloomberg7 days ago
Coming just days after Trump re-set his tariff plan with rates on imports from trade partners ranging from 10% to 41%, his latest blast of trade threats and deadlines shows his quest to remake global trade in America's favor is far from done. That's even as the latest economic data suggests the US economy is grappling with the fallout. 'We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150% and then it's going to go to 250% because we want pharmaceuticals made in our country,' Trump said Tuesday in the interview on CNBC. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Valerie Tytel and Oliver Crook. (Source: Bloomberg)
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Fans have to wait for the next episode of ‘South Park' Season 27. Here's when it comes out
Fans have to wait for the next episode of ‘South Park' Season 27. Here's when it comes out

USA Today

time17 minutes ago

  • USA Today

Fans have to wait for the next episode of ‘South Park' Season 27. Here's when it comes out

"South Park" viewers waiting to see what the next dig toward the Trump Administration will be are going to have to make due without a new episode this week. While the second episode of the animated sitcom's 27th season aired on Wednesday, Aug. 6, there will not be a new episode this week. Instead, Comedy Central will celebrate the show's 28th birthday with a marathon of fan-favorite episodes on Wednesday, Aug. 13, which the network is marking as "South Park Day," according to Paramount Media Networks. Starting at 9 a.m. ET and PT, classic episodes of the raunchy show will air all day and conclude with the very first episode from 1997, airing at 10 pm ET and PT. The celebration also includes interviews with series co-creators Trey Parker and Matt Stone, behind-the-scenes footage and clips from the series that never aired, Paramount confirmed. Since the Season 27 premiere on July 23, the series has taken aim at the current White House with portrayals and jokes at the expense of President Donald Trump, Vice President JD Vance and the U.S. Secretary of Homeland Security Kristi Noem. What time does the next 'South Park' episode drop? Season 27 Episode 3 of "South Park" will air on Wednesday, Aug. 20 at 10 p.m. ET/PT on Comedy Central. The episode will also be available to stream on Paramount+ the following day, Thursday, Aug. 21 at 6 a.m. ET/3 a.m. PT, according to the streaming platform. How to watch new episodes of 'South Park'? The next episode of "South Park" airs on Comedy Central and will then be available for streaming on Paramount+. You can also stream the series through FuboTV, Philo, Sling TV, YouTube TV, Hulu + Live TV or DirecTV. What is the 'South Park' Season 27 episode schedule? Barring further delays, new episodes of "South Park" are set to air on Comedy Central on Wednesday nights at 10 p.m. ET/PT. A new deal between the creators of "South Park" and Paramount included an agreement for the show to produce 10 episodes per year, according to the Los Angeles Times and The Hollywood Reporter. Contributing: Sara Chernikoff and Fernando Cervantes Jr., USA TODAY

Michael Goodwin: Mamdani's NYC borough tour attacking Trump smacks of amateur hour
Michael Goodwin: Mamdani's NYC borough tour attacking Trump smacks of amateur hour

New York Post

time17 minutes ago

  • New York Post

Michael Goodwin: Mamdani's NYC borough tour attacking Trump smacks of amateur hour

It seems as if it was only yesterday that Zohran Mamdani was running to be mayor of New York on an agenda he vowed would solve the 'affordability crisis.' He won the Democratic primary by pledging that wealthier New Yorkers would pay higher taxes so his City Hall could afford lots of free stuff for everyone else. Apparently that's all it took to solve the crisis. Because just like that, the 33-year-old socialist assemblyman is saying he has a new agenda for the general election. He's now running against President Trump, calling him an enemy and vowing 'My administration will be Donald Trump's worst nightmare.' This week he's touring the five boroughs, one borough per day, with a steady stream of warnings that the president's policies will hurt the city, and that Mamdani should be elected to resist him. He reportedly plans to mostly ignore his three main rivals and save his firepower for Trump. It's all part of an effort to paint the president as Public Enemy No. 1. Medicaid accusation He began by accusing Trump of kicking more than 1 million New Yorkers off Medicaid, cutting funding for food stamps and slashing funding for housing programs. 'We know that there is no borough that will be free from Trump's cruelty,' he said. Mamdani's next step was to dirty up his three main rivals by linking them to Trump. He says former Gov. Andrew Cuomo, Mayor Adams and GOP nominee Curtis Sliwa should be disqualified from consideration because, he claims, they have cozy relationships with Trump. Mamdani said in a radio interview the 'president has three candidates in this race — one that he's directly been in touch with, another he bailed out of legal trouble and now functionally controls, and the final one literally being a member of the same Republican Party.' The decision to appeal to New Yorkers by attacking the president of the United States, a former New Yorker, smacks of amateur hour. While there are certainly legitimate issues to raise about Mamdani's opponents, overstating their connections to Trump and making that a defining issue is not persuasive. Neither is turning the president into a toxic bogeyman. All three denied being close to Trump, with Cuomo foolishly trying to compete with Mamdani by saying, 'Nobody has fought with Trump more than I have.' For one thing, Trump loves New York and makes it clear he wants to help his hometown and state. For Mamdani to bite the hand that could feed the city merely to score cheap political points reveals his ignorance of history and of the necessity of City Hall having strong connections to the White House, no matter the party of the president. His calling Trump an enemy before he's even been elected flips a seminal event on its head. Recall the legendary Daily News headline from 1975 when President Gerald Ford declined a bailout ­request. The words 'Ford to City, Drop Dead' helped set in motion bipartisan efforts that eventually got results, all captured in a recent documentary. A version of that headline based on Mamdani's approach would declare: 'City to Trump, Drop Dead.' Knowing what we know about Trump, attacks will not get the federal help the next mayor will need. Leaving aside whether Mamdani's effort to link his opponents to the president will play well in the November election, it strikes me as a stupendously bad idea for a city official or candidate to attack the president to score political points. Mayoral malpractice Indeed, it's malpractice for a mayor or governor to spurn the president and by extension the federal government over partisan differences. The odds of winning anything that way are low and the price of losing is far too high to make it a sensible bet. Consider some areas where the feds hold the purse strings and can offer other help. Housing, education, health care, mass transit, highways, bridges, airports, tunnels, prisons, borders, tax policies on nonprofits and the overall economy. Law enforcement depends on the feds for financial aid and operational support. Any political upside to Mamdani would be transitory, while the damage to the welfare of New Yorkers could be severe and permanent. All the more so when that president is Trump, who is a man of action and a prolific counterpuncher. He has called Mamdani a 'communist lunatic,' to which The New York Times responds by saying 'Mr. Mamdani is a democratic socialist.' Given Mamdani's radicalism, the change is a distinction without a difference. Trump's decision to federalize policing in the nation's capital and mobilize the National Guard is consistent with his view that high crime levels in urban areas should not be tolerated. It's also true the police commander of the nation's capital was suspended after being suspected of manipulating data to downplay serious offenses. Although Trump talks about making a similar federalizing move in New York, the situations are very different, with the NYPD turning in record-low numbers of shootings. Of course, that's no thanks to Mamdani and his core supporters, many of whom echo his scurrilous calls to 'defund the police' and his claims that all cops are racists. He simply doesn't understand or respect police work, and it's impossible to imagine he would have the trust of the NYPD. Another area where Mamdani is out of touch is his call for higher taxes. Even Gov. Hochul, a big tax-and-spender herself, rejects his plan. She admits the state's sky-high taxes already drove many New Yorkers to Florida. It's also noteworthy that Hochul and other top Dems have not celebrated that Trump's 'Big Beautiful Bill' increased the allowable deductions of state and local taxes (SALT) from $10,000 per family to $40,000. That marks a major concession to GOP representatives from blue states. The $10,000 limit, which took effect in 2017, led Cuomo and other Dems to argue it was a rocket aimed at destroying blue states. In fact, the higher deductions go mostly to high income families, which is why Dems never tried to raise the SALT limits during Joe Biden's presidency. Demonize the tax cutter Now that Trump has reduced the incentive for many taxpayers to leave New York, you would think Dems would celebrate. But it's apparently asking too much for Sen. Chuck Schumer, Rep. Hakeem Jeffries, Hochul and Mamdani to even admit that the change benefits New Yorkers, even though no state Dems supported it. They would rather demonize Trump than acknowledge he ­delivered a tax cut for the state's residents. His promise to cut taxes is a reason why Trump got nearly 44% of the vote in New York last year. That kind of reaction has Hochul frightened about her re-election next year and has Republicans optimistic about keeping Congress in the 2026 midterms. It's a reminder that tax rates matter, a lesson Gotham voters must teach Mamdani in ­November.

Mexico sends 26 ‘fugitive' cartel members to US for prosecution in deal with Trump administration
Mexico sends 26 ‘fugitive' cartel members to US for prosecution in deal with Trump administration

New York Post

time17 minutes ago

  • New York Post

Mexico sends 26 ‘fugitive' cartel members to US for prosecution in deal with Trump administration

Mexico turned over 26 cartel members wanted for crimes in the US to American authorities as part of the latest deal with the Trump administration. The prisoners include leaders and managers of several Mexican drug cartels and they're facing charges like murder, hostage-taking, human smuggling and kidnapping, the US Department of Justice announced Tuesday. 4 Twenty six alleged cartel members from Mexico were extradicted to the US as part of a deal with the Trump administration. Advertisement One of the 'fugitives' sent to the US is Abigael González Valencia, a high-ranking leader of the 'Los Cuinis' organization that helped finance and grow the notorious cartel Jalisco New Generation, better known as CJNG, according to the DOJ. Valencia is also the brother-in-law of CJNG leader Nemesio Rubén 'El Mencho' Oseguera Cervantes, a top target who the US government is offering $15 million just for information that could lead to his capture or conviction. 4 Abigael González Valencia, a leader of the 'Los Cuinis' organization, was included in the transfer. United States Department of the Treasury Advertisement And one of Valencia's brothers, José González Valencia, was sentenced in Washington's federal court to 30 years in June after pleading guilty to international cocaine trafficking. He was originally busted in 2017 while vacationing at a beach resort in Brazil under a fake name. Roberto Salazar, another prisoner shipped to the states, had been sought in connection to the murder of Los Angeles County Sheriff's Deputy Juan Escalante in 2008, according to the Justice Department. Another man, Abdul Karim Conteh, is a national from Sierra Leone who was held in Mexico for allegedly smuggling migrants from countries in and around the Middle East, according to the DOJ. He had no listed affiliation with a cartel. 4 Abdul Karim Conteh, a national from Sierra Leone imprisoned in Mexico, was also extradited. Treasury’s Office of Foreign Assets Control Advertisement 'Today is the latest example of the Trump administration's historic efforts to dismantle cartels and foreign terrorist organizations. These 26 men have all played a role in bringing violence and drugs to American shores — under this Department of Justice, they will face severe consequences for their crimes against this country. We are grateful to Mexico's National Security team for their collaboration in this matter,' Attorney General Pamela Bondi said. US Ambassador to Mexico Ronald Johnson added: 'These fugitives will now face justice in U.S. courts, and the citizens of both of our nations will be safer from these common enemies.' In February, 29 cartel figures were handed over to the US, including drug lord Rafael Caro Quintero who was previously linked to the murder of a US Drug Enforcement Administration agent in 1985. Since then, many have begun to face terror charges for their alleged crimes. That same month, the Trump administration classified CJNG and seven other Latin American-based crime groups as foreign terrorist organizations and secretly authorized the military to fight them by land and sea. Advertisement 4 In February, Jalisco New Generation and seven other Latin American drug cartels were classified as foreign terrorist organizations. AP The second round of inmates were all flown to US soil after the DOJ agreed not to seek the death penalty against any defendants or cartel affiliates in February's transfer, a source close to the matter told The Associated Press. The ongoing deal and second transfer is the culmination of ever-increasing pressure from the Trump administration to curb drug trafficking and smuggling across the US-Mexico border. With Post wires

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