Comcast projects $1 billion annual tax savings from Trump's 'One Big Beautiful Bill'
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Yahoo
19 minutes ago
- Yahoo
Latest Trump tariffs unlikely to budge, top negotiator says
(Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Greer also said recent trade talks with Beijing had been "very positive" and were focused on the supply of rare earth magnets and minerals. "We're focused on making sure that the flow of magnets from China to the United States and the- and the adjacent supply chain can flow as freely as it did before ... and I'd say we're about halfway there."
USA Today
20 minutes ago
- USA Today
White House backs away from IVF mandate despite Trump's campaign pledge, Washington Post
WASHINGTON − The White House has no current plans to mandate insurance coverage for in vitro fertilization, despite President Donald Trump's campaign promise to expand access to fertility treatments, The Washington Post reported on Saturday. Trump signed an executive order earlier this year directing the government to expand access to IVF and reduce the costs of the popular fertility treatment. More: Some workers are job hopping for fertility benefits. Employers are trying to keep up. White House officials say expanding IVF access remains a priority, but legal constraints prevent mandating coverage without Congressional approval, and no bill is currently planned, the Post reported. Officials did not immediately respond to a request for comment by USA TODAY. Contributing: Francesca Chambers
Newsweek
21 minutes ago
- Newsweek
Russian Lawmaker Responds to Trump Moving Nuclear Subs
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Russian lawmaker Viktor Vodolatsky responded to President Donald Trump's decision to move two U.S. nuclear submarines to "appropriate regions" near Russia by saying that Moscow can count on far more submarines than Washington. "There are significantly more of our [nuclear] submarines in the world's oceans, [and they] have the strongest, most powerful weapons," Vodolatsky, who is also first deputy chairman of the State Duma Committee on Commonwealth of Independent States Affairs, Eurasian Integration and Relations with Compatriots, told Russia's government-controlled news agency TASS. "This is why, let [Trump's] two boats float, they have been at gunpoint for a long time," he added. Why It Matters Vodolatsky's provocative comments follow the U.S. president's announcement on Friday of the repositioning of two U.S. nuclear submarines near Russia. The announcement itself can be seen as the latest escalation in the increasingly sour relationship between Moscow and Washington, which has been worsening in recent weeks as Russia's President Vladimir Putin has appeared deaf to Trump's repeated request to end the war in Ukraine. U.S. President Donald Trump speaks to the media as he departs the White House on August 1, 2025, in Washington, D.C. U.S. President Donald Trump speaks to the media as he departs the White House on August 1, 2025, in Washington, Trump's declared admiration for Putin and his willingness to accept an end to the war in Ukraine that would undoubtedly favor Moscow over Kyiv, the relationship between the two leaders have become frayed in recent weeks, and tensions are now running high between the two countries. With the both holding a significant nuclear arsenal, the threats exchanged between them carry a particularly heavy weight. What To Know On Thursday, Trump said that if Russia does not agree to a ceasefire in Ukraine by next Friday, August 8, he will impose a package of economic sanctions on the country. Former Russian President Dmitry Medvedev, now Moscow's military leader, responded to the announcement on social media on Friday, saying that Trump's threat was "a step towards war." This triggered Trump's announcement about the nuclear submarines. On Friday, the U.S. president wrote on his social media platform Truth Social: "I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that." It is not clear whether the U.S. submarines moved in the unidentified "appropriate regions" near Russia are nuclear-powered or nuclear-armed. What People Are Saying President Donald Trump wrote on Truth Social on Friday: "Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances." Former Russian President Dmitry Medvedev wrote on X, formerly Twitter, on the same day: "Trump's playing the ultimatum game with Russia: 50 days or 10. He should remember two things: 1. Russia isn't Israel or even Iran. 2. Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country. Vodolatsky told TASS: "There can be no answer from us, because we understand perfectly well who Donald Trump is. These last months have shown that he is changing his mind 24 hours a day." What Happens Next While there have been comments by both Medvedev and Vodolatsky, Putin has not responded to Trump's ultimatum or his decision to move the nuclear submarines. On Friday, however, the Russian president said: "As for any disappointments on the part of anyone, all disappointments arise from inflated expectations. This is a well-known general rule." It is hard to tell whether Trump's nuclear submarine announcement will further escalate tensions with Russia, but some experts said it is unlikely to make a difference, as the U.S. already had submarines deployed, including near Russia.
