logo
Trump mixes sports and politics with Commanders name fight

Trump mixes sports and politics with Commanders name fight

The Hill23-07-2025
President Trump has reignited the debate over the Washington Commanders team name, the latest example of the president using sports in his second term to expand his influence and impact on culture.
Trump upended what appeared to be a settled issue when he threatened to use the power of the presidency to hold up the Commanders' plans to build a new stadium in Washington, D.C., if the team did not revert to the Redskins name it retired in 2020.
While it came as a surprise to local leaders and team officials, it was yet another instance of Trump wading into sports for political purposes.
'Sports is one of the many passions of this president, and he wants to see the name of that team changed,' White House press secretary Karoline Leavitt said Monday. 'I think you've seen the president gets involved in a lot of things that most presidents have not. He's a nontraditional president.'
The president has hosted championship hockey and baseball teams at the White House in his first six months in office. He has attended the Daytona 500, the Super Bowl, college wrestling championships, Ultimate Fighting Championship events and the FIFA Club World Cup championship.
Trump met in the Oval Office with members of Italian soccer club Juventus and the Boston Red Sox, taking credit when the latter team went on a winning streak after the meeting. The president also was at the center of an announcement that Washington will host the NFL draft in 2027. He was joined by D.C. Mayor Muriel Bowser, NFL Commissioner Roger Goodell and Commanders owner Josh Harris.
One source close to the White House noted Trump is a longtime sports fan and a former owner of the New Jersey Generals of the United States Football League, which folded after three seasons.
Trump's interest in sports helps broaden his political appeal, the source argued, pointing to his 2023 stop at an Iowa State University fraternity where he threw footballs into the crowd, and his game of catch with baseball legend Mariano Rivera to mark the start of the season amid the coronavirus pandemic in 2020.
But Trump's focus on sports has expanded into the policy arena during his second term.
Blocking transgender women from competing in men's sports was a defining campaign promise for Trump in 2024. Within weeks of taking office, Trump signed an executive order following through on that pledge.
The president has spoken frequently about the United States's role as a host for next year's FIFA World Cup, convening a task force to help plan for the logistically complex event that will put a spotlight on transportation infrastructure and the visa system to allow visiting fans and players into the country.
Trump's latest sports-related focus is on the Washington Commanders team name, an issue he has shared his opinion on dating back to 2013, when he scolded then-President Obama for weighing in on the controversial Redskins name.
It is also in line with Trump's broader war against what he deems to be 'woke' or politically correct culture, something that has been a major focus of his first six months in office.
Trump has in recent days demanded in comments to reporters and in posts on social media that the Commanders change their name back to the Redskins. If the team does not act — and ownership has repeatedly said the issue is settled — Trump has threatened to get in the way of a deal to build a new stadium in Washington.
'Times are different now than they were three or four years ago. We are a Country of passion and common sense,' Trump posted late Sunday on Truth Social.
It's not clear what authority Trump might have to thwart the stadium deal. The stadium agreement still needs the approval of the D.C. Council, which is set to hold hearings on the issue next week.
Bowser, the mayor of D.C., downplayed the suggestion that Trump's most recent fixation would ultimately derail a plan that has been bandied about for years.
'I've had the opportunity to speak on a couple of different occasions with the president about this site and about our team,' Bowser told ESPN. 'And I can say this without equivocation: He is a [quarterback] Jayden Daniels fan, and he said himself, and the presser we were at, that this is probably the best site of any site he's seen for a stadium. I have to think that that's what I've heard him say, and that's what we'll stick with.'
Trump-DeSantis feud simmers
Has the most bitter rivalry of the 2024 Republican presidential primary been put to rest? It depends on whom you ask.
Trump and Florida Gov. Ron DeSantis (R) traded barbs for much of 2023 and early 2024 after the governor launched his bid for the GOP nomination, a move Trump and his team saw as a slight.
Trump spent months burying DeSantis with personal insults and accusing him of being ungrateful for the endorsement that helped him secure the gubernatorial nomination in Florida in 2018. DeSantis ignored the attacks for a time, but eventually he returned fire by arguing Trump had 'lost his fastball' and calling on him to debate.
Adding fuel to the feud, DeSantis had cast out Susie Wiles, who was Trump's 2024 co-campaign manager and is now his chief of staff.
The two men seem to have put their differences aside in recent months. Trump met with DeSantis during a trip to Florida to tout ' Alligator Alcatraz,' a facility that is housing migrants awaiting deportation.
'I think we get along great,' DeSantis told Fox News on Sunday. 'We're working very constructively. No state has done more to support their agenda on illegal immigration than we have.'
Even Wiles has seemingly moved on from her animus toward Team DeSantis.
'He's a good governor, and whatever personal differences he had or whatever deficiencies he thought I had are long past my thinking about them,' Wiles told New York Post columnist Miranda Devine in a recent interview.
But the goodwill does not extend throughout Trump World. Some who worked on Trump's 2024 bid have indicated they will neither forget nor forgive DeSantis for what they see as the grave offense of his presidential bid.
Tony Fabrizio, who served as Trump's pollster in 2016 and 2024, responded harshly to a social media post suggesting DeSantis was positioning himself for another presidential run in 2028.
'Old Pudding Fingers @GovRonDeSantis better hope @ChrisLaCivita and I are both dead to have any minute chance in '28,' Fabrizio posted on the social platform X, invoking a rumor about DeSantis from 2023 eating pudding with his fingers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump tariffs live updates: India hit with 50% tariffs as Trump's sweeping trade measures roll out
Trump tariffs live updates: India hit with 50% tariffs as Trump's sweeping trade measures roll out

Yahoo

time9 minutes ago

  • Yahoo

Trump tariffs live updates: India hit with 50% tariffs as Trump's sweeping trade measures roll out

President Trump on Wednesday signed an executive order imposing an additional 25% tariff on India over its purchases of Russian oil. The new tariff, which will come into effect in 21 days, is set to "stack" on top of an existing country-specific tariff of 25%. In doing so, Trump is set to make good on a threat for higher tariffs on India, as he has accused the country of effectively financing the Russian war in Ukraine. "They're fueling the war machine," he charged in a CNBC interview. India's first 25% levy takes effect Thursday, part of scores of new duties that will see importers paying between 10% to 50% as they bring in goods from nearly 200 countries around the globe. Outside of India, Switzerland is the developed nation whose goods face a whopping increase: up to 39%. You can see the new rates Trump is set to levy in the graphic below: Trump also said this week that he would soon announce tariffs on semiconductor and pharmaceutical imports, as he prepares to add more sectoral duties to his mix of tariffs. He said duties on pharma could eventually balloon as high as 250%. In the past several days, Trump has unleashed a flurry of deals and trade moves leading up to his self-imposed deadline: Trump granted Mexico, the US's largest trading partner, a 90-day reprieve on higher tariffs. Trump hiked tariffs on Canadian imports to 35%, though goods contained in the US-Mexico-Canada agreement are exempt, keeping this hike's impact limited so far. The US agreed to a trade deal with South Korea. The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff on its exports. Trump imposed 50% tariffs on semi-finished copper products starting Aug. 1. The president signed an order to end the de minimis exemption on low-value imports under $800, thereby applying tariffs from Aug. 29. Trump signed another order to impose a total of 50% tariffs on many goods from Brazil. However, it exempts key US imports like orange juice and aircraft parts that benefit Embraer (ERJ). The US and EU agreed to a trade deal that imposes 15% tariffs on EU goods. The nations are still working on finalizing many terms of the deal. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Trump hits India with additional 25% tariff over Russia oil buys President Trump has hit India with an additional 25% tariff due to India's purchase of Russian oil. The US president threatened India with higher tariffs earlier this week, which India's Prime Minister Narendra Modi called "unjustified," also calling out the US for its double standard over Russia. In an interview with CNBC on Tuesday, Trump said that India was helping to fuel the war machine. 'They're fueling the war machine. And if they're going to do that, then I'm not going to be happy,' Trump said. In the early days of trade negotiations, relations between the US and India appeared more friendly, with both sides saying they would reach a deal within days. However, over recent months ,things seem to have turned sour as neither side can agree on some of the finer details within the deal, which concern dairy and agricultural products. As a result, a trade war seems to have developed between the two sides, and now with this additional 25% tariff gift from Trump to Modi, the two seem further away from reaching an agreement than ever before. Modi's rival blasts 'bully' Trump as public opinion hardens Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Trump order lowering tariffs on EU autos still days away: source European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. Alcohol groups say tariffs put $2B in sales and 25,000 jobs at risk In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. Carney says he'll look at opportunities to remove tariffs on US Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Trump says Japan to import Ford's huge F-150 pickup trucks President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. US investments under trade deal will be determined by benefits for Tokyo: Japan Reuters reports: Read more here. Honda Q1 operating profit halves on tariffs Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. China draws red lines on US chip tracking with Nvidia meeting China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. Trump says he's readying more tariffs on Russian energy buyers Bloomberg News reports: Read more here. Canada to help lumber industry cope with US tariffs: Carney Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Starbucks under pressure again as Brazilian tariffs hike coffee costs Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. EU continues to press for tariff exemption on wine, spirits as part of US deal The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. Countries push for last-minute deals as Thursday tariff deadline looms Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Trump's copper tariffs apply to $15B of products so far President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. Trump threatens EU with increased tariffs if it doesn't meet investment pledge President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. Trump says pharma duties could go to 250% President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "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 during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." US tariff on EU goods set at flat 15% The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. India hits back at Trump's tariff threat India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. President Trump has hit India with an additional 25% tariff due to India's purchase of Russian oil. The US president threatened India with higher tariffs earlier this week, which India's Prime Minister Narendra Modi called "unjustified," also calling out the US for its double standard over Russia. In an interview with CNBC on Tuesday, Trump said that India was helping to fuel the war machine. 'They're fueling the war machine. And if they're going to do that, then I'm not going to be happy,' Trump said. In the early days of trade negotiations, relations between the US and India appeared more friendly, with both sides saying they would reach a deal within days. However, over recent months ,things seem to have turned sour as neither side can agree on some of the finer details within the deal, which concern dairy and agricultural products. As a result, a trade war seems to have developed between the two sides, and now with this additional 25% tariff gift from Trump to Modi, the two seem further away from reaching an agreement than ever before. Modi's rival blasts 'bully' Trump as public opinion hardens Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Trump order lowering tariffs on EU autos still days away: source European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. Alcohol groups say tariffs put $2B in sales and 25,000 jobs at risk In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. Carney says he'll look at opportunities to remove tariffs on US Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Trump says Japan to import Ford's huge F-150 pickup trucks President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. US investments under trade deal will be determined by benefits for Tokyo: Japan Reuters reports: Read more here. Reuters reports: Read more here. Honda Q1 operating profit halves on tariffs Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. China draws red lines on US chip tracking with Nvidia meeting China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. Trump says he's readying more tariffs on Russian energy buyers Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Canada to help lumber industry cope with US tariffs: Carney Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Starbucks under pressure again as Brazilian tariffs hike coffee costs Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. EU continues to press for tariff exemption on wine, spirits as part of US deal The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. Countries push for last-minute deals as Thursday tariff deadline looms Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Trump's copper tariffs apply to $15B of products so far President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. Trump threatens EU with increased tariffs if it doesn't meet investment pledge President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. Trump says pharma duties could go to 250% President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "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 during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "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 during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." US tariff on EU goods set at flat 15% The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. India hits back at Trump's tariff threat India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Trump's Asia tariffs takes a massive hit on Bitcoin miners
Trump's Asia tariffs takes a massive hit on Bitcoin miners

Yahoo

time9 minutes ago

  • Yahoo

Trump's Asia tariffs takes a massive hit on Bitcoin miners

Trump's Asia tariffs takes a massive hit on Bitcoin miners originally appeared on TheStreet. As per the latest report by The Block, President Donald Trump's latest order on global tariffs seems to be becoming a pain in the neck for the Bitcoin mining community in the U.S. As the 90-day tariff pause deadline neared, Trump announced a slew of new global tariff rates on July 31. Among the worst-hit are the key centers of mining rig manufacturing in Southeast Asia. For those unfamiliar, crypto mining is the process of using high-tech hardware to validate and secure transactions on a blockchain network. Ethan Vera, the COO of a Bitcoin mining technology and services company, Luxor Technology, shared a document with The Block as per which the latest directive imposes 21.6% tariffs, including a 19% "reciprocal tariff," on imports of application-specific integrated circuits (ASICs) from Indonesia, Malaysia, and Thailand beginning Aug. are chips that are designed to execute a specific task extremely efficiently such as crypto mining, as opposed to general-purpose processors like central processing units (CPUs) or graphics processing units (GPUs). As per the report, U.S. tariffs on imports from China, a major hub of mining rig manufacturing, stand at a staggering 57.6%, which includes a 10% baseline reciprocal tariff and an additional country‑specific tariff of 20%. Anyway, the tariff pause deadline between the two countries is set to expire on Aug. 12, and there has been no breakthrough so far. While still lower than earlier rates, the current tariffs are significantly higher than the 2.6% tariffs on ASICs imported from the Southeast Asian countries before Trump's second term. However, Chinese machines even earlier used to face an additional 25% ad valorem said, "At 21.6% tariffs, the U.S. is now one of the least competitive jurisdictions to bring machines in, and miners are looking at Canada and other markets to expand too." Opportunity for domestic manufacturers However, the new trade conditions could also lead to a rise in the prices of U.S.-based used ASIC machines in the face of high tariffs on imported rigs, he explained. Though Luxor is excited about the production of mining rigs in the U.S., it warned fully onshoring the manufacturing could take years because most of the raw materials are still imported from Asia. The mining company expected the Trump administration to exempt the mining equipment from tariff hikes in order to encourage the domestic crypto industry. Trump's Asia tariffs takes a massive hit on Bitcoin miners first appeared on TheStreet on Aug 6, 2025 This story was originally reported by TheStreet on Aug 6, 2025, where it first appeared.

Running back James Cook's contract standoff with Bills reaches 3rd practice
Running back James Cook's contract standoff with Bills reaches 3rd practice

Yahoo

time9 minutes ago

  • Yahoo

Running back James Cook's contract standoff with Bills reaches 3rd practice

PITTSFORD, N.Y. (AP) — The Buffalo Bills and James Cook are in agreement on at least one aspect of the running back's contract standoff, which had the starter skipping his third consecutive training camp practice on Wednesday. Neither side will hazard guessing on how much longer Cook will continue declining to practice in the fourth-year player's escalating bid to extend the final year of his contract. What's more evident is how the team and player aren't on the same page on various aspects of negotiations based on what people on each side of discussions told The Associated Press over the past two days. The people spoke to the AP on the condition of anonymity because the talks are private. Barring a sudden thaw in negotiations, it's unclear who is expected to take the next step to spur discussions. While the Bills have not ruled out potentially getting a deal done even if it means waiting until after the season, there's a difference over how optimistic each side is of having one in place before the season opens. The two sides also differ over whether Cook opened negotiations seeking a $15 million a year payday based on the player posting '$15 mill year' in a message he posted on social media in February. Though it's unclear how far apart they are on what's expected to be a three-year contract, Cook's current asking price ranges somewhere between $11 to $12.5 million in guaranteed money. How that fits in the Bills' long-term salary cap structure is unclear even for a player who co-led the NFL with 16 touchdowns rushing during Cook's breakout season in 2024. 'It's how do you divvy up your money? You don't want to lose a James Cook. He's a valuable piece to our team,' Bills GM Brandon Beane told The AP on July 25. 'But you also don't want to lose (left tackle) Dion Dawkins, (right tackle) Spencer Brown, the line we've put together or the money we put in the pass rush,' he added. 'Teams are forced with choices, and those choices get really hard once you've paid that quarterback.' Cook wound up being the odd-player out in Beane's offseason spree of signing four players entering their final contract seasons to extensions. Cook, meantime, believes he is deserving of a raise based on his production last year — his 16 TDs rushing tied a single-season team record — and the Bills placing an emphasis on a more balanced attack since Joe Brady took over as offensive coordinator midway through the 2023 season. 'I deserve what I want, what I need, and it's going to eventually happen,' Cook said, two days into training camp. 'I mean, however it happens, it's going to get done, wherever it happens.' He referred to viewing himself as one of the NFL's top running backs and added he didn't regret posting what he did on social media. Cook was a full practice participant during Buffalo's first eight practices, before starting his 'hold-in' on Sunday, when he watched from the sideline dressed in a white track suit. On Monday, he made a brief appearance before ducking out before practice began and did not return. Cook didn't make an appearance Wednesday, but is still present at camp. Buffalo closes camp in suburban Rochester, New York, with a practice Thursday before opening its preseason schedule by hosting the New York Giants on Saturday. The team will then resume practicing at its headquarters in Orchard Park. Cook fears risking injury while entering the final year of his contract. Though the Bills have backups Ray Davis and Ty Johnson in position to step in, they also face a risk should one of them get hurt. Bills players and coaches insist Cook's absence hasn't been a distraction. Brady said he's treated Cook's absence no different than how he's adapted his practice plans to take into account several players sidelined by injuries. 'You guys know how I feel about James and the love I have for him, and all that's out of my control in my hands,' Brady said. 'So I find out tomorrow, hey, Jimbo's going, I can focus on this. I find out it's two weeks, whenever that time comes, we'll adjust, we'll be ready to go.' ___ AP NFL:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store