Kennedy Stops By To Discuss Mamdani's Socialist Vision For New York City
Kennedy On Social Media's Reductive Iran Analysis
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Yahoo
4 minutes ago
- Yahoo
A pause on higher tariffs for China is due to expire Tuesday. Here's what to know.
TAIPEI, Taiwan (AP) — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended. After the most recent round of China-U.S. trade talks, held late last month in Stockholm, Chinese and U.S. officials said they expected the deadline to be extended for another 90 days. The U.S. side said the decision was up to President Donald Trump. So far there has been no formal announcement about whether he will endorse an extension or push ahead with the higher tariffs. The uncertainty has left businesses in limbo and a decision to raise the import duties could jolt world markets. SILENCE FROM WASHINGTON AND BEIJING Trump has repeatedly shifted deadlines and tariff rates, and neither side has indicated what it plans for Tuesday. Extending the Aug. 12 deadline for reaching a trade agreement with China would forestall earlier threats of tariffs of up to 245%. Treasury Secretary Scott Bessent said Trump was deciding about another 90-day delay to allow time to work out details of an agreement setting tariffs on most products at 50%, including extra import duties related to illicit trade in the powerful opiate fentanyl. Higher tariffs are aimed at offsetting the huge, chronic U.S. trade deficit with China, which hit a 21-year low in July as the threat of tariffs bit into Chinese exports. It's not unusual for the U.S. to give hints on where talks stand, but it's rare for China to make announcements until major decisions are set. CHINA RESISTED CUTTING AN EARLY BARGAIN Prohibitively high tariffs on Chinese exports to the United States would put huge pressure on Beijing at a time when the Chinese economy, the world's second largest, is still recovering from a prolonged downturn in its property market. Lingering effects of the COVID-19 pandemic have left around 200 million of its workers reliant on 'gig work,' crimping the job market. Higher import taxes on small parcels from China have also hurt smaller factories and layoffs have accelerated, But the U.S. relies heavily on imports from China for all sorts of products, from household goods and clothing to wind turbines, basic computer chips, electric vehicle batteries and the rare earths needed to make them. That gives Beijing some powerful leverage in the negotiations with Washington. Even with higher tariffs, China remains competitive for many products. And its leaders are aware that the U.S. economy is only just beginning to feel the effects of higher prices from Trump's broad tariff hikes. For now, imports from China are subject to a 10% baseline tariff and a 20% extra tariff related to the fentanyl issue. Some products are taxed at higher rates. U.S. exports to China are subject to tariffs of around 30%. Before the two sides called a truce, Trump had threatened to impose 245% import duties on Chinese goods. China retaliated by saying it would hike its tariff on U.S. products to 125%. MUCH IS AT STAKE A trade war between the world's two largest economies has ramifications across the global economy, affecting industrial supply chains, demand for commodities like copper and oil and geopolitical issues such as the war in Ukraine. After a phone call with Chinese leader Xi Jinping in June, Trump said he hoped to meet with Xi later this year. That's an incentive for striking a deal with Beijing. If the two sides fail to keep their truce, trade tensions could escalate and tariffs might rise to even higher levels, inflicting still more pain on both economies and rattling world markets. Businesses would refrain from making investment commitments and hiring, while inflation would surge higher. Companies are in an 'extended wait-and-see mode,' Oxford Economics said in a recent report. Christopher Bodeen, The Associated Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 minutes ago
- Yahoo
Trump escalates crime rhetoric ahead of Washington crackdown announcement
By Nandita Bose WASHINGTON (Reuters) -President Donald Trump has spent days escalating his rhetoric on crime in Washington, calling the U.S. capital "totally out of control" and ordering a federal law enforcement surge ahead of a Monday press conference to outline a sweeping crackdown. On Sunday, Trump wrote on Truth Social, "The Homeless have to move out, IMMEDIATELY. We will give you places to stay, but FAR from the Capital. The Criminals, you don't have to move out. We're going to put you in jail where you belong." The Democratic mayor of Washington, Muriel Bowser, pushed back on Trump's claims, saying the city is "not experiencing a crime spike" and highlighting that violent crime has fallen to a 30-year low. Trump called Bowser "a good person who has tried" but said she's been given many chances while crime numbers continue to worsen. Violent crime fell 26% in the first seven months of 2025 and overall crime dropped 7%, according to the city's police department. But gun violence remains an issue. In 2023, Washington had the third-highest gun homicide rate among U.S. cities with populations over 500,000, according to gun control advocacy group Everytown for Gun Safety. Over the past week, Trump has intensified his messaging, demanding the swift eviction of homeless residents and vowing to jail offenders. He has raised the prospect of stripping the city of its local autonomy and signaled a possible full federal takeover. The Trump administration is also preparing to deploy hundreds of National Guard troops to Washington, a U.S. official told Reuters, a controversial tactic that Trump used recently in Los Angeles to respond to immigration protests over the objections of local officials. Trump has not made a final decision, the official said, adding that the number of troops and the role they would play are still being determined. The District of Columbia, established in 1790, operates under the Home Rule Act, which gives Congress ultimate authority but allows residents to elect a mayor and city council. Trump said last week that lawyers are examining how to overturn the law, a move that would likely require Congress to revoke it and him to sign off. Trump has cited a recent assault on a federal staffer and viral videos of youth crime to argue the nation's capital is in crisis. His response marks a renewed focus on crime as a political priority and grounds for increased federal intervention, which could challenge Washington's autonomy and reshape the balance of local and federal power. The president's order last week to deploy more federal law enforcement also marks a major escalation. Officers from over a dozen agencies, including the FBI, ICE, DEA, and ATF, have already spread across the city. A White House official, speaking on the condition of anonymity, said multiple arrests were made on Friday, with over 450 federal officers deployed throughout the city on Saturday. The official added the deployment targets "high-traffic tourist areas and known hotspots," with officers "highly visible," referencing criticism of previous immigration crackdowns involving masked agents and unmarked vehicles. The White House has not clarified what legal authority Trump would use to evict people from Washington, where he only controls federal land and buildings. Since the 1980s, Trump has used crime, especially youth crime in cities, as a political tool. His 1989 call for the death penalty in the Central Park jogger case, involving five Black and Latino teens later exonerated, remains one of the most controversial moments of his public life. Trump is expected to outline further details during a press conference at 10 a.m. (1400 GMT) Monday at the White House.
CBS News
7 minutes ago
- CBS News
Texas House to attempt another quorum on Monday as Democrats extend walkout
Texas Republicans will again try to convene the House on Monday for a vote on redrawing congressional maps in their party's favor, an effort that already sparked a national political brawl and prompted Democratic lawmakers to leave the state to deny Republicans the quorum they need. The Republican majority is seeking to redraw five U.S. House districts at President Donald Trump's urging as he tries to avoid a replay of the 2018 midterms. Those elections installed a new Democratic majority in the U.S. House that stymied the president's agenda and twice impeached him. Now, Democratic-controlled states including California, New York and Illinois are threatening to retaliate against Texas and Trump by proposing their own redistricting, putting the nation on the brink of a tit-for-tat overhaul of congressional boundaries that are typically redrawn only once a decade. Texas Gov. Greg Abbott said he'll call lawmakers back to the House again and again until enough Democrats show up to reach the 100-member threshold required to vote on the bill. Democratic leaders in other states are planning out their retaliatory redistricting plans if Abbott succeeds. "Texas, knock it off. We'll knock it off. Let's get back to governing," said New York Gov. Kathy Hochul on "Fox News Sunday." As for the Democratic lawmakers who bolted from Texas — some of whom have been appearing alongside the likes of California Gov. Gavin Newsom and Illinois Gov. JB Pritzker at news conferences — Texas Attorney General Ken Paxton is asking the state's Supreme Court to remove some of them from office or give them a 48-hour warning to return. "If they show back up in the state of Texas, they will be arrested and taken to the Capitol," said Abbott on "Fox News Sunday." When pressed about blue states' threats to retaliate — such as Newsom's proposal to effectively cut five GOP-held seats in California — Abbott argued that many had already squeezed the juice out of their gerrymandering and would be hard-pressed to push it further. Democratic leaders have said that Abbott's plans are nothing more than a power grab. "They know that they're going to lose in 2026 the Congress, and so they're trying to steal seats," Pritzker said on NBC's "Meet the Press." Past attempts by Texas Democrats to halt votes by leaving the state were typically unsuccessful, and several of the blue states face more hurdles to redistricting than Texas does. California, for example, has an independent commission that runs redistricting after each decade's census. Changes require approval from both voters and state lawmakers, who have said they plan to call a special election in November to set the process in motion.
