‘Political malpractice': Republicans hide as Trump's tariff policies start to impact consumers
Claire McCaskill, Former Democratic Senator from Missouri and Mara Gay, New York Times Editorial Board Member join Nicolle Wallace on Deadline White House to discuss why Republican are refusing to step in with every major player in the American shipping industry sounding the alarm about the impact that Donald Trump's tariffs are already having with them warning of a major supply chain disruption set to impact the country soon.
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San Francisco Chronicle
25 minutes ago
- San Francisco Chronicle
China says its exports to the US fell nearly 10% in May, as trade talks are due to start in London
China's exports to the United States sank fell nearly 10% in May from a year earlier, new customs data show, adding to pressure on the world's second largest economy as a new round of trade talks with Washington was due to start later Monday in London. China's total exports rose 4.8% last month, slowing from an 8.1% year-on-year increase in April. Imports declined 3.4% year-on-year, leaving a trade surplus of $103.2 billion. China exported $28.8 billion to the United States in May, while its imports from the U.S. fell 7.4% to $10.8 billion, the report said. Still, exports to Southeast Asia and the European Union remained robust, growing 14.8% and 12%, year-on-year. Exports to Thailand, Vietnam and Indonesia were sharply higher, and exports to Germany jumped more than 12%. 'The acceleration of exports to other economies has helped China's exports to remain relatively buoyant in the face of the trade war,' Lynne Song of ING Economics said in a commentary. Many businesses had rushed orders earlier in the year to try to beat higher tariffs. Once new import duties took effect, shipments slowed. Exports will likely rebound somewhat in June thanks to a 90-day suspension of most of the tariffs China and the U.S. imposed on each other in their escalating trade war, Zichun Huang of Capital Economics said in a report. 'But with tariffs likely to remain elevated and Chinese manufacturers facing broader constraints on their ability to sustain rapid gains in global market share, we think export growth will slow further by year-end,' Huang said. Despite the tariffs truce, rancor between Beijing and Washington has persisted, with angry exchanges over advanced semiconductors, 'rare earths' that are vital to many industries and visas for Chinese students at American universities. The round of negotiations due to take place later Monday in London follow a phone call last week between Trump and Chinese leader Xi Jinping. It's unclear if that exchange will lead to any significant progress during the talks this week. Speaking to reporters on Air Force One on Friday, Trump said Xi had agreed to restart exports of rare earth minerals and magnets to the U.S. which China had slowed, threatening a range of U.S. manufacturers that relied on the critical materials. There was no immediate confirmation from China. The trade data released on Monday showed a nearly 21% plunge in the value of China's rare earths exports in January to May compared with a year earlier. In terms of volume, those exports rose 2.3%. Similar trends can be seen in exports of other products and commodities, such as shoes, ceramics and cell phones, as slowing demand causes prices to fall. Other data released Monday highlighted the pressure on China's own economy from slowing exports. Imports have faltered since manufacturers import many of the components and materials needed for the goods they assemble for the world. At the same time, China's own domestic markets are suffering. The government reported that consumer prices fell 0.1% in May, evidence of sluggish demand. The persisting deflation partly reflects lower food prices, economists said.
USA Today
30 minutes ago
- USA Today
Former Biden press secretary is ready to tell Americans the truth? Give me a break.
Former Biden press secretary is ready to tell Americans the truth? Give me a break. | Opinion The knives are now out inside the Democratic Party. And the party is bleeding, not only Americans' support and trust but also its last remaining drops of honesty and truth. Show Caption Hide Caption Karine Jean-Pierre talks exit from Democratic party in new book Former White House press secretary Karine Jean-Pierre talks about leaving the Democratic party in her upcoming book slated for release in October. The Democratic Party continues to self-destruct, and I am here for it. Former White House Press Secretary Karine Jean-Pierre has teased a tell-all memoir about former President Joe Biden and the administration she served for nearly three years. 'Independent: A Look Inside a Broken White House, Outside the Party Lines' is stoking claims that Jean-Pierre is a grifter, profiting off her time in the administration by trashing the former president and the political party that gave her prominence. Knives are out among Democrats for one of their own who has now betrayed them. Like other books that have recently exposed details about Biden's poor health, Jean-Pierre's book raises questions about the White House cover-up that attempted to hide the president's mental and physical decline from voters. It also calls into question Jean-Pierre's honesty: Why did she wait until now, when she can profit from it, to tell the truth about the former commander in chief? Former White House colleagues turn on former Biden press secretary Democrats are now a minority party in America. The GOP controls the White House, the Senate and the U.S. House along with a majority of governor's offices and state legislatures. The Democratic Party has lost Americans' trust because of its leaders' penchant for gaslighting, not just about Biden's health but also on issues like immigration, border security and the economy. Jean-Pierre, who now claims to be an independent, certainly isn't helping her former colleagues rebuild that lost trust. Details from the book are still sketchy, but Jean-Pierre should provide readers with an inside look at what happened after Biden's disastrous debate with Republican presidential nominee Donald Trump a year ago this month. Jean-Pierre's coworkers have already reacted to the book with contempt. "Former colleagues expressed confusion at how Jean-Pierre seemingly intends to paint Biden as a victim while pinning her own decision to leave the party on his 'broken' White House," Politico reported, citing multiple former Biden administration officials who spoke on condition of anonymity. Opinion: Biden's cancer diagnosis raises the question: Was he ever in good enough health? Caitlin Legacki, a Democratic strategist who worked on the Commerce Department's communications team during Biden's presidency, took umbrage with Jean-Pierre's assertion that the Democratic Party betrayed Biden. 'Kamala Harris and the entire Biden/Harris campaign did hero's work to avoid losing 400 electoral votes and giving Republicans a supermajority in Congress, which is what would have happened if he stayed on the ticket,' Legacki told Politico. 'It's more productive to focus on that, and thank Biden for doing the responsible thing by stepping aside, than it is to pretend this was an unwarranted act of betrayal.' But party insiders continuing to squabble over whether a now former president was or was not betrayed by fellow Democrats entirely misses the larger point. Opinion: Guess who Americans want to run the economy? Hint − it's not Democrats. Far too many Democrats, Jean-Pierre included, worked hard to deceive Americans. Their willful lack of self-awareness about their gaslighting and dishonesty is why the party has shown no signs of recovering from the last disastrous election cycle. Karine Jean-Pierre's book about Biden isn't the first Jean-Pierre's book will be far from the first to address the deception at the heart of the Biden White House. On May 20, journalists Jake Tapper and Alex Thompson released "Original Sin," which describes in detail Biden's cognitive decline and the mind-boggling efforts with which his inner circle and the Democratic Party tried to hide the truth from Americans. Opinion: Texas woman's death would have been prevented if Biden had secured the border Conservatives had long been suspicious about Biden's health, but journalists with White House access failed to ask tough questions then. Now that it's too late to make a real difference, those who were silent when it mattered most are more than ready to profit from belated exposés about the former president's failing health. The knives are now out inside the Democratic Party. And the party is bleeding, not only Americans' support and trust but also its last remaining drops of honesty and truth. Nicole Russell is an opinion columnist with USA TODAY. She lives in Texas with her four kids. Sign up for her newsletter, The Right Track, and get it delivered to your inbox.
Business Insider
31 minutes ago
- Business Insider
Top 10 African destinations for U.S. exports in 2024 revealed
The United States has expanded its commercial presence across Africa, with recent trade data revealing the top ten African nations importing the largest volumes of U.S. goods in 2024. The United States expanded its commercial engagement across Africa in 2024, bolstered by significant growth in exports. Top African importers of U.S. goods in 2024, including Egypt, South Africa, and Nigeria, showcased diverse economic connections. Overall, U.S.-Africa trade trends align with Africa's developmental priorities, indicating potential for further strengthening under the AfCFTA. These figures showcase a diverse range of economies, from resource-rich powerhouses to rapidly growing consumer markets, reflecting evolving U.S. export patterns and strengthening economic ties between the U.S. and the African continent. According to the latest data from the U.S. Census Bureau and the International Trade Administration's Global Market Finder, several African countries each imported billions of dollars' worth of American goods in 2024. U.S. exports to Africa during this period were predominantly concentrated in key sectors such as machinery and mechanical appliances, vehicles and automotive parts, as well as aircraft and aerospace equipment, among others An overview of U.S. goods exported to Africa in 2024 In 2024, U.S. exports to Africa reflected a growing trade relationship shaped by developmental and commercial interests. Data from the U.S. Census Bureau and International Trade Administration shows that top exports included industrial machinery, vehicles, agriculture products, and medical equipment. Machinery led U.S. exports to Africa, followed closely by vehicles and automotive parts, driven by growing demand across various markets. The aerospace sector also played a significant role, while agricultural exports—including wheat, soybeans, and poultry—addressed food security needs throughout many African regions. Other major exports encompassed healthcare products, particularly pharmaceuticals and medical devices; fertilizers and industrial chemicals; electrical equipment supporting power and digital infrastructure; as well as consumer goods such as used clothing. Overall, the structure of U.S. exports to Africa in 2024 highlights a growing alignment with Africa's development goals, with trade expected to expand further under the AfCFTA. According to the latest data from the U.S. Census Bureau and the International Trade Administration's Global Market Finder, the following list presents the top 10 African countries that received the most U.S. exports in 2024 Rank Country U.S. Export Value (2024) 1 Egypt $6.89 billion 2 South Africa $5.8 billion 3 Morocco $5.2 billion 4 Nigeria $4.1 billion 5 Ethiopia $1.01 billion 6 Algeria $1.01 billion 7 Ghana $967 million 8 Kenya $782 million 9 Angola $682 million 10 Côte d'Ivoire $596 million In 2024, Egypt, South Africa, Morocco, Nigeria, and Ethiopia were the top five African destinations for U.S. exports, reflecting deepening trade ties across key sectors. Egypt led with nearly $6.9 billion in imports, driven by strong demand for machinery, aircraft, agriculture, and medical equipment. South Africa followed with $5.8 billion, supported by its industrial base and appetite for vehicles, electronics, and pharmaceuticals. Morocco imported $5.2 billion in U.S. goods, bolstered by trade in agriculture, aerospace, and renewable energy. Nigeria brought in $4.1 billion, primarily petroleum machinery, food products, and pharmaceuticals. Ethiopia, with $1 billion in imports, focused on aviation and industrial equipment despite recent economic challenges.
