Even Fox News is spooked, Trump begins to grant temporarily exemptions after backlash to tariffs
Mara Gay, New York Times Editorial Board Member and Tim Miller, Host of The Bulwark Podcast join Nicolle Wallace on Deadline White House with reaction to the backlash to many of the tariffs set to go into place by Donald Trump with some of our closest trading partners, with members of his administration floating the idea of rolling back the tariffs after some of the most conservative media outlets voiced concern about the policies hurting the American economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
26 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.
Business Insider
33 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.
Yahoo
38 minutes ago
- Yahoo
LA Clashes Escalate as Trump, Newsom Spar Over National Guard
(Bloomberg) -- Tensions flared in Los Angeles on the third day of anti-deportation protests, as demonstrators clashed with law enforcement while President Donald Trump and California Governor Gavin Newsom exchanged blame over the unrest and responsibility for restoring order. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World Trump Said He Fired the National Portrait Gallery Director. She's Still There. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn The arrival of National Guard troops deployed by Trump over the weekend inflamed residents protesting the sweeping deportation policies of the administration, local officials said. Clashes escalated Sunday evening, with some committing vandalism and violence, including burning cars. The heightened federal response over the objections of state and city officials led to growing friction between local leaders and the Trump administration. Newsom said he formally requested the White House rescind the 'unlawful' deployment and return the troops to his command, warning it would only ramp up tensions. The governor also said Sunday that he planned to sue the administration over the action. LA Police Chief Jim McDonnell said Sunday evening many of the earlier protests around the city had been peaceful, but that conditions deteriorated as people committing vandalism and violence replaced daytime demonstrators. 'This violence that I've seen is disgusting,' McDonnell said at a press conference. 'What we saw the first night was was bad. What we've seen subsequent to that is getting increasingly worse and more violent.' In a series of Truth Social posts late Sunday, Trump described the unrest as an attack on immigration enforcement efforts. 'A once great American City, Los Angeles, has been invaded and occupied by illegal aliens and criminals,' he wrote. Trump called the demonstrations 'migrant riots' and said federal agencies were directed to take 'all such action necessary' to restore order and continue deportation operations. He later urged law enforcement to escalate their response, including arresting people wearing face masks. Meanwhile, Newsom urged protesters to remain peaceful, an admonition some demonstrators ignored as crowds blocked a major roadway through downtown and people set fire to several self-driving ride-hailing vehicles nearby. Newsom met Sunday evening with law enforcement leaders in Los Angeles, he posted on X. 'We're here to keep the peace — not play into Trump's political games,' he wrote. According to LAPD officials, nearly 30 people were arrested Saturday. At least 10 arrests were made Sunday and three officers were injured. The California Highway Patrol made 17 arrests and the LAPD said more are likely as the immigration raids continue and the violence that's already taken place is investigated. Federal law enforcement officials clashed briefly with a smaller group of demonstrators earlier on Sunday when a crowd gathered outside a federal building in downtown LA. The LAPD declared the gathering an unlawful assembly, using less than lethal munitions, like tear gas and batons to chase the crowd back. The LAPD said some people in the crowd threw bottles, chunks of concrete and other objects. The ICE raids are sending a sense of fear and chaos into the city, LA Mayor Karen Bass said during a press conference late Sunday afternoon, adding that people who want to protest should do so peacefully. The First Amendment grants a right to peaceful protest 'but it does not give you the right to be violent to create chaos, or to vandalize property, and that will not be tolerated,' she said. National Guard The tense demonstration follows two days of protests sparked by sweeping US immigration raids across the region. Trump directed US Northern Command to assume control of the National Guard and dispatch 2,000 soldiers to the area 'for 60 days or at the discretion of the Secretary of Defense,' the White House said in a statement. About 300 soldiers from the California National Guard's 79th Infantry Brigade Combat Team have been deployed to three locations in greater LA, according to US Northern Command. The Guard is focused on 'safety and protection of federal property and personnel,' the command said in a post on X. The 79th IBCT is primarily a combat unit, though it has previously been called up to support civilian authorities, and a unit most recently responded to the LA-area wildfires earlier this year. Defense Secretary Pete Hegseth said that Marines could be sent next if protests intensify. Newsom called Hegseth's suggestion of deploying the Marines from nearby Camp Pendleton 'deranged.' Hegseth on Sunday countered that Newsom had allowed violence to get out of hand. 'Deranged = allowing your city to burn & law enforcement to be attacked,' Hegseth said in a post on X. 'There is plenty of room for peaceful protest, but ZERO tolerance for attacking federal agents who are doing their job. The National Guard, and Marines if need be, stand with ICE.' Facing mounting pressure from the White House, ICE has ramped up arrests in recent weeks, averaging about 2,000 detentions per day nationwide — still falling short of the administration's goal of at least 3,000 daily arrests. The stepped-up enforcement is part of Trump's vow to carry out the largest deportation campaign in US history. In the LA area, ICE reported 118 arrests this week, though the agency has not released updated figures as of Sunday morning. The protests were triggered in part by federal immigration raids that swept through the city from late Friday. Demonstrators gathered outside the federal building downtown, including outside a detention center. Other protests broke out in Compton and in Paramount, south of the city, where a crowd formed near a Home Depot as raids were reportedly underway. Tensions escalated when some protesters threw objects at officers, prompting the LAPD to declare an unlawful assembly and order the crowd to disperse, according to local media reports. Riot police used tear gas and flash-bang grenades. US Representative Nanette Barragan, a Democrat whose district includes Paramount and other parts of Los Angeles County, accused the Trump administration of using federal troops to suppress dissent. By the time the more violent skirmishes broke out Saturday night, the original protesters had already cleared out and the 'unruly folks' had arrived, she said. 'It's going to escalate the situation,' she said Sunday on CNN's State of the Union. 'People are going to protest because they're angry about the situation. And we have to just reiterate the people to do it peacefully.' Barragan described ICE agents stopping 'anybody at a bus stop that's going to shop' and said she was warned to expect 30 days of stepped-up enforcement. 'Form of Rebellion' Trump has repeatedly threatened to cut off federal funding to cities and states that limit cooperation with federal immigration authorities — so-called 'sanctuary' jurisdictions — including LA. California law bars local law enforcement from using resources to assist in most federal immigration actions. In response to past federal crackdowns, California Attorney General Rob Bonta has defended the state's sanctuary policies and sued the Trump administration over attempts to force local compliance, arguing that California has the right to set its own public safety priorities. In an interview with NBC News, Trump border czar Tom Homan said Newsom and Bass should be thanking the president for helping to restore order. Homan warned the leaders could face arrest if they obstruct immigration enforcement efforts. The White House said the National Guard was being deployed to protect federal personnel and property, including immigration detention centers, citing what Trump described as credible threats of violence that could obstruct enforcement efforts and 'constitute a form of rebellion' against the US government. But the legal basis for the decision could face challenges. Federal law strictly limits the deployment of federal troops within US borders. The 1878 Posse Comitatus Act, along with amendments and supporting regulations, generally bars the use of the active-duty U.S. military — the Army, Navy, Air Force and Marines — from carrying out domestic law enforcement. The law doesn't apply to state-controlled National Guard forces. --With assistance from María Paula Mijares Torres, Catherine Lucey, Isabela Fleischmann, Virginia Van Natta, Kevin Whitelaw and Kara Wetzel. (Updates with additional details of protests, law enforcement response. An earlier version was corrected to remove a video that included an erroneous description of Trump's comments on Marines.) The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again Is Elon Musk's Political Capital Spent? What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? Cuts to US Aid Imperil the World's Largest HIV Treatment Program ©2025 Bloomberg L.P. 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
