Trump to ‘Substantially' Raise Tariffs on India for Buying Russian Oil
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Yahoo
7 minutes ago
- Yahoo
Trump seeks sway over Los Angeles Olympics with new task force
Donald Trump on Tuesday established a task force that he will lead on the 2028 Olympic Games in Los Angeles, a Democrat-run city that has frequently clashed with the Republican US president. The group will engage the federal government to "ensure the Games are safe, seamless and historically successful," potentially offering Trump and his allies greater influence over the sporting event. Trump will serve as chairman and Vice President JD Vance will be vice-chair of the task force, which will encompass several other leaders in his administration. Signing an order to establish the group Tuesday, Trump said "we'll do anything necessary to keep the Olympics safe" -- including potentially deploying "our National Guard or military." He enraged Los Angeles and state officials in June with his highly unusual decision to deploy California's National Guard against the wishes of Governor Gavin Newsom. Trump claimed the deployment was necessary to quell protests that had flared up against federal immigration raids in Los Angeles, which has a huge migrant population. On Tuesday he doubled down on his feud with Karen Bass, the city's Democratic mayor, by labeling her "not very competent." Trump has previously criticized her response to wildfires that impacted Los Angeles in January. However, Casey Wasserman, the chairman of the 2028 LA Olympics organizing committee, gave no hints of animosity as he joined Trump for the task force announcement at the White House. "You've been supportive and helpful every step of the way. And we wouldn't be here without you," Wasserman said. Los Angeles was awarded the 2028 Olympic and Paralympic Games in September 2017, during Trump's first term. Wasserman also flattered the president with examples of gold, silver and bronze medals that were given to athletes the last time Los Angeles hosted the Games in 1984. And he offered Trump a chance to carry the Olympic flame -- something he has already done in New York ahead of the Athens Games in 2004. "For the first time in history, we are going to take the Olympic torch relay to all 50 states," Wasserman said. "And sir, if you'd like to run on Park Avenue again to revisit history, you're more than welcome," he told Trump. Trump's second term will coincide with the 2026 FIFA World Cup and the 2028 Olympics -- two major global sporting events taking place in the United States. He has previously targeted transgender individuals, particularly athletes, and further stated on Tuesday that the "United States will not let men steal trophies from women at the 2028 Olympics." Asked about genetic testing for participating athletes, Trump said: "There will be a very, very strong form of testing and if the test doesn't come out appropriately, they won't be in the Olympics." aue/bjt/sla
Yahoo
7 minutes ago
- Yahoo
Trump Plans New Semiconductor Tariffs to Boost U.S. Chipmaking
President Donald Trump said Tuesday he plans to unveil new semiconductor tariffs within the next week, aiming to expand U.S. chip manufacturing and reduce reliance on overseas suppliers. Speaking on CNBC's Squawk Box, Trump said the tariffs would target semiconductors and chips as a separate category, underscoring his push to keep production in the U.S. The announcement follows an executive order imposing fresh duties on imports from multiple countries, with Taiwanese goods now set to face a 20% tariff down from the 32% initially floated in April. Warning! GuruFocus has detected 7 Warning Signs with CPNG. The move comes as Taiwan Semiconductor Manufacturing Co. (TSM, Financials) continues to dominate global production of advanced chips for major customers, including Apple (AAPL, Financials), Nvidia (NVDA, Financials), Qualcomm (QCOM, Financials) and Advanced Micro Devices (AMD, Financials). Trump also signaled additional tariff hikes could be coming in other sectors, saying pharmaceutical duties might eventually reach 250%. The administration's trade agenda has increasingly leaned on tariffs as a way to influence supply chains and strengthen domestic production capacity. This article first appeared on GuruFocus. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
San Francisco Chronicle
8 minutes ago
- San Francisco Chronicle
Several states consider redrawing congressional maps after Texas kicks off fight
Texas Republicans' push to redraw congressional maps to secure five more GOP seats in the U.S. House has kicked off a no-holds-barred battle between blue and red states, each threatening to redraw their own House seats. The process of changing congressional maps to ensure one party's victory over another — called gerrymandering — has typically been done more furtively, with parties fearing a backlash from voters wary of a rigged system. But President Donald Trump's call for Texas to blatantly redraw the maps to better ensure that Republicans retain control of the House in the 2026 elections has blown the lid off of the practice. Texas kicked it off, but Democrats fled the state Dozens of Democrats left Texas in a Hail Mary to halt a vote on redistricting, leaving the legislature without enough lawmakers present — called a quorum — to proceed. Democrats, who didn't show up for a second day Tuesday, wouldn't have the votes to stop the bill otherwise. In response, Gov. Gregg Abbott and fellow Republicans are threatening the Democrats who left with arrests, fines and removal from office. The state Attorney General Ken Paxton warned he could ask the courts to vacate their seats if they don't show up when the House convenes on Friday. Trump and Texas Sen. John Cornyn have also asked the FBI to get involved. Still, past efforts by Democrats to abscond and deny Republicans a quorum only delayed the passage of bills, but didn't quash them. Through it all, Abbott has been adamant that redrawing districts with political bias is legal. California Democrats propose retaliation In response to events in Texas, Democrats in California are considering a draft proposal to reshape their own district maps and cut away five Republican seats while securing more precarious seats already held by Democrats. Democratic Gov. Gavin Newsom has been outspoken about wanting partisan redistricting if Texas moves ahead with its plans. Unlike Texas, however, California has an independent commission that handles redistricting after the census every decade, which is typically when districts are reshaped to account for population shifts. Any changes would first need the approval of state lawmakers and voters. Newsom said he'd call a special election in November for California residents to do just that. Missouri's governor under pressure from Trump The Trump administration wants Gov. Mike Kehoe to call a special legislative session for congressional redistricting in favor of Republicans. Kehoe has expressed interest in doing so, discussing it with Republican legislative leaders, but has not made a decision. Republicans now hold six of the state's eight U.S. House seats, and the GOP could pick up another by reshaping a Kansas City area district held by a Democrat. New York Democrats try to change state law New York, similar to California, has an independent commission that redistricts only after the census. Last week, state Democrats introduced legislation to allow mid-decade redistricting. Democratic Gov. Kathy Hochul said if Texas proceeds, 'we must do the same.' The proposal, however, would require an amendment to the state constitution, a change that would have to pass the legislature twice and be approved by voters. That means the soonest new maps could be in place would be for the 2028 elections. Wisconsin Democrats try a different tact While Republicans control the legislature in the battleground state, Democrats turned to the courts to try to force a redrawing of congressional district boundary lines before the 2026 midterms. A pair of lawsuits were filed in July after the liberal-controlled Wisconsin Supreme Court previously declined to hear challenges directly, without saying why. Maryland Democrats promise a response to Texas The House Majority leader, David Moon, a Democrat, says he will sponsor legislation to trigger redistricting in Maryland if Texas or any other state holds redistricting ahead of the census. Florida's governor hints at support for redistricting Republican Gov. Ron DeSantis has said he was considering early redistricting and 'working through what that would look like.' Ohio must redraw its maps before the 2026 midterms That's because a law in the Republican-led state requires it before the 2026 midterm elections. The GOP holds 10 of its 15 House seats already, and could try to expand that edge. Indiana's governor will speak with the Vice President J.D. Vance Republican Gov. Mike Braun told reporters Tuesday that Vance will visit Indiana to discuss several matters, including redistricting in the solidly GOP state. Braun, who would have to call a special session to draw new maps, said he expects a 'broad conversation' with legislative leaders on the constitutionality of such a move and said no commitments have yet been made. 'It looks like it's going to happen across many Republican states,' Braun said in a video by WRTV in Indianapolis. ____
