Liz Truss: Elites killed my pro-growth agenda. Trump can't let them stop his.
Liz Truss was prime minister of Britain.
President Donald Trump and Treasury Secretary Scott Bessent have a herculean task ahead of them in turning around the U.S. economy and gripping the deep state that has promoted managed decline. But it is vital that they succeed.
If they were not taking the actions they now are on tariffs, the U.S. economy would remain on course to be eclipsed by China, with other Western economies also dwindling in its wake — and our security with it.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Politico
5 minutes ago
- Politico
Trump administration appears to be pausing plans to ramp up Guantanamo transfers
The Trump administration appears to have put on hold plans to dramatically ramp up transfers of undocumented migrants to Guantanamo Bay. As of Monday, the transfers were expected to happen later in the week but were delayed in part because unrest related to immigration crackdowns in Los Angeles 'got in the way,' said an administration official. The official said it's unclear how long the plan may be shelved. The person and others were granted anonymity because they were not authorized to speak publicly about the discussions. At the State Department, where many officials have urged the Department of Homeland Security to abandon the plan, there's now confusion about what comes next, according to a U.S. diplomat familiar with the situation. State Department officials have been told that clarification about the Guantanamo transfer process is coming at some point and not to use previous guidance on what to tell reporters, the U.S. diplomat said. The apparent delay comes after POLITICO reported Tuesday that the administration was vetting at least 9,000 migrants for transfer to the base. The proposal, if it becomes a reality, would be an exponential increase from the roughly 500 migrants who have been held for short periods at the base since February. It would also be a major step toward realizing a plan President Donald Trump announced in January to use the facility to hold as many as 30,000 migrants found to be in the U.S. illegally. On Wednesday, White House press secretary Karoline Leavitt posted on X that reports of the plan were incorrect. 'Not happening,' she said. DHS spokesperson Tricia McLaughlin, when asked Thursday about the apparent delay, said: 'That's not true. It was never a plan to begin with.' The proposal was designed primarily to free up bed space at detention facilities on domestic American soil, as the White House pushes Immigration and Customs Enforcement for higher arrest and deportation numbers. The agency is also tight on detention space and pressing Congress for additional funding to hire more agents and expand domestic detention capacity. Documents obtained by POLITICO on Tuesday noted that the plan had come together only recently and could still change. The expectation was that the detainees would be at Guantanamo Bay temporarily before being deported to their countries of origin, though it's not clear how long they would be held at the U.S. naval base. U.S. diplomats have been particularly worried about plans to include some 800 Europeans in the group to be transferred. They worry it could strain alliances with European nations that are typically cooperative in taking back deportees. Many European officials have been blindsided by the plans. Italy's foreign minister has said his country is doing 'everything' it can to prevent its citizens from being sent there. According to documents seen by POLITICO, at least two Italians are under consideration for a transfer to Guantanamo. The U.S. facility at Guantanamo, which is on Cuban soil but has been a U.S. naval base for many years, grew notorious because it has been used to hold terrorism suspects detained after the 9/11 attacks. Immigrant rights groups have sued the Trump administration in recent months in a bid to block its use of Guantanamo to house immigrant detainees. A federal class-action lawsuit pending in Washington indicates that there are roughly 70 immigrant detainees currently held there and facing 'punitive' conditions, such as insufficient food, weekly changes of clothes and rodent infestation.
Bloomberg
7 minutes ago
- Bloomberg
Investor Anxiety Over ‘Revenge Tax' Is Overblown, Barclays Says
A controversial provision in President Donald Trump's tax-and-spending bill aimed at penalizing countries with 'unfair' tax regimes is unlikely to disrupt US bond and stock markets, according to Barclays Capital. Dubbed a 'revenge tax' by the finance community, Section 899 of the budget bill calls for increasing levies for individuals and companies whose home countries' tax policies the US deems 'discriminatory.' The proposal – which received House approval in May and is now under consideration in the Senate as part of the so-called One, Big Beautiful bill — has raised concerns on Wall Street that it may drive away foreign investors at a time when their confidence in US capital markets has already been shaken by the Trump administration's policies.
Fox News
7 minutes ago
- Fox News
Trump warns Israel strike on Iran 'could happen' amid Middle East evacuation, nuclear negotiations
President Donald Trump on Thursday wouldn't say an attack by Israel on Iran was imminent, but warned it "could happen" as the U.S. continues to pressure Tehran on a nuclear deal, but simultaneously prepares evacuations from the Middle East. "I don't want to say imminent, but it looks like it's something that could very well happen," Trump said. "Look, it's very simple, not complicated. Iran can not have a nuclear weapon. "Other than that, I want them to be successful," he continued. "We'll help them be successful, will trade with them. We'll do whatever is necessary." Trump said ultimately he'd "love to avoid the conflict," but said that Iran is going to have to negotiate a "little bit tougher." "Meaning they're going to have to give us some things that they're not willing to give us right now," he said in apparent reference to Iran's so far refusal to give up nuclear enrichment capabilities. Trump on Wednesday told reporters that the U.S. has advised some evacuation efforts in the Middle East as the security situation with Tehran could become "dangerous" amid uncertain nuclear negotiations. "They are being moved out because it could be a dangerous place," Trump said. "We've given notice to move out, and we'll see what happens." The president's comments came after the U.S. embassy in Iraq ordered a partial evacuation of non-emergency government personnel and military dependents have been authorized to leave locations around the Middle East. Reports originally claimed similar orders had been issued in Bahrain and Kuwait, though no notices have been posted to the U.S. embassy in Kuwait, and the embassy in Bahrain said that reports that it "has changed its posture in any way are false" and staffing operations remain "unchanged and activities continue as normal." Embassies near Iran have been ordered to hold emergency action committees and report back to DC on their risk-mitigation plans. No U.S. troops have been pulled from the Middle East at this time. The State Department did not immediately respond to Fox News Digital's questions on why Iraq was deemed particularly dangerous when similar notices have not been issued in other nations surrounding Iran. When asked how the U.S. can calm the escalating security situation in the region, Trump did not provide a direct answer, but said, "They can't have a nuclear weapon. Very simply, they can't have a nuclear weapon. We're not going to allow that." The status of negotiation progress remains unclear as Special Envoy Steve Witkoff prepares to head to Oman on Sunday for the sixth round of direct and indirect nuclear negotiations with Iran, Omani Foreign Minister Badr al-Busaidi confirmed on Thursday. The negotiations have become increasingly strained in recent weeks and appear to have reached an impasse over the levels of enriched uranium. The U.S. has repeatedly said Iran must not be allowed to have any enrichment programs, including for civil energy use – of which Iran contributes less than 1% of its overall energy needs to nuclear energy. Iran has thus far flatly refused to abandon all nuclear enrichment, and it remains unclear what it would be required to do with the stockpiles of near-weapons-grade enriched uranium that it currently possesses – which it drastically increased over a three-month period earlier this year. The IAEA began sounding the alarm last month that Iran had increased its stockpiles by nearly 35% between February and May, when the nuclear watchdog said its stores had jumped from roughly 605.8 pounds worth of uranium enriched to 60% to 900.8 pounds by mid-May. The Institute for Science and International Security assessed earlier this week that Iran could further the enrichment process to create at least one nuclear warhead's worth of weapons-grade uranium in as little as two to three days at its Fordow Fuel Enrichment Plant (FFEP). Nine nuclear weapons could be made within three weeks, and in coordination with Natanz Fuel Enrichment Plant (FEP), Iran could turn around 22 nuclear warheads within a five-month period, the Institute for Science and International Security claimed. The IAEA's 35-nation Board of Governors on Thursday declared Iran is in breach of its non-proliferation obligations for the first time in nearly 20 years. The board may next take the breach to the UN Security Council, which could then be prompted to enforce severe snapback sanctions on Tehran, which Western security experts have long been urging the UNSC to pursue. Only three nations on the board objected to the breach declaration, including Russia, China and Burkina Faso, despite years of mounting evidence of man-made highly enriched uranium, and Tehran's refusal to grant the IAEA full access to all its nuclear facilities, which is a violation of the Joint Comprehensive Plan of Action (JCPAO). Tehran is still bound to the international deal, though the agreement drastically unraveled after the U.S. withdrew from the agreement in 2018 under the first Trump administration after it claimed Iran was already in breach of the terms. Defense Secretary Pete Hegseth, who returned to the Hill today to testify in front of the House Armed Services Committee, told Senators on Wednesday that "There are plenty of indications that [Iran has] been moving their way towards something that would look a lot like a nuclear weapon." The secretary's comments contradict assertions made by the Director of National Intelligence, who said in March that Iran is not building a nuclear weapon.
