Trump Tariffs Ruled Illegal, US to Revoke Chinese Student Visas
A panel of three judges at the US Court of International Trade in Manhattan issued a unanimous ruling Wednesday that the vast majority of President Donald Trump's global tariffs were deemed illegal -- dealing a major blow to a pillar of his economic agenda. The US plans to start 'aggressively' revoking visas for Chinese students, Secretary of State Marco Rubio said, escalating the Trump administration's push for greater scrutiny of foreigners attending American universities. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Kriti Gupta. (Source: Bloomberg)
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Politico
24 minutes ago
- Politico
GOP lawmakers stick with Trump in messy Musk breakup
Amid the messy ongoing divorce between the president and the world's richest man, this much is already clear: Donald Trump has sole custody of the House GOP. Republican lawmakers are making clear that, if forced to choose, it's Trump — not Elon Musk — they're sticking by as leaders race to contain the fallout for their 'one big, beautiful bill.' Even Rep. Marjorie Taylor Greene of Georgia, who helms a House panel inspired by Musk's Department of Government Efficiency initiative, blasted Musk's public attacks on Trump as 'unwarranted' and criticized his 'lashing out on the internet.' 'America voted for Donald Trump on Nov. 4, 2024 — every single vote mattered just as much as the other,' Greene said in a brief interview. 'And whether it was $1 that was donated or hundreds of millions of dollars, the way I see it, everybody's the same.' Like many Americans, GOP members watched Thursday's online exchange with a sense of car-crash-like fascination. Many shared that they hoped Musk and Trump could somehow patch things up. But many — including some of the former DOGE chief's biggest backers on Capitol Hill — were wholly unsurprised to see the billionaire suddenly cut down to size after months of chatter about who was really calling the shots at the White House. 'It's President Trump, not President Musk,' said one lawmaker granted anonymity to speak frankly about prevailing opinions inside the House GOP. Speaker Mike Johnson made no secret of where he stands on the public breakup. He told reporters Friday that he hoped the two men 'reconcile' and that it would be 'good for the party and the country if all this worked out.' But in the nearly same breath, Johnson quickly reaffirmed his allegiance to the president and issued a warning to Musk. 'Do not doubt, do not second-guess and don't ever challenge the president of the United States, Donald Trump,' Johnson said. 'He is the leader of the party. He is the most consequential political figure of this generation and probably the modern era. And he's doing an excellent job for the people.' Other House Republicans concurred with the speaker's assessment Friday, even as they faced the looming threat of Musk targeting them in the upcoming midterms or at least pulling back on his political giving after pouring more than $250 million into the 2024 election on behalf of Trump and the GOP ticket. 'I think it's unfortunate,' said Rep. Tim Moore (R-N.C.) of the breakup. 'But Donald Trump was elected by a majority of the American people.' Rep. Warren Davidson of Ohio, who was one of only two Republicans to oppose Trump's megabill in the House last month, also made clear he stood with the president over Musk. 'He does not have a flight mode — he's fight, fight, fight … and he's been pretty measured,' Davidson said of Trump. 'I think Elon Musk looked a little out of control. And hopefully he gets back and grounded.' GOP leaders who have spent weeks cajoling their members to vote for the sprawling domestic-policy bill hardly hid their feelings as Musk continued to bash the legislation online, even calling on Americans to call their representatives in an effort to tank it. 'Frankly, it's united Republicans even more to go and defend the great things that are in this bill — and once it's passed and signed into law by August, September, you're going to see this economy turning around like nothing we've ever seen,' Majority Leader Steve Scalise said in a brief interview Friday. 'I'll be waiting for all those people who said the opposite to admit that they were wrong,' Scalise added. 'But I'm not expecting that to happen.' A few Republicans are still trying to walk a fine line by embracing both Trump and Musk — especially some fiscal hawks who believe Musk is right about the megabill adding trillions to the national debt. 'I think Elon has some valid points about the bill, concerns that myself and a handful of others were working to address up until the passage of it,' Rep. Michael Cloud (R-Texas) said in an interview. 'I think that'll make the bill stronger. I think it'll help our standing with the American people.' Both Trump and Musk 'have paid a tremendous price personally for this country,' Cloud added. 'And them working together is certainly far better for the country.' Notably, House Judiciary Chair Jim Jordan, a key Musk ally on the Hill, declined to engage Thursday when asked about the burgeoning feud. Instead, the Ohio Republican responded by praising the megabill Musk had moved to tank. Democrats, for their part, watched the unfolding and public breakup with surprise and a heavy dose of schadenfreude. 'There are no good guys in a fight like this,' Rep. Jared Huffman (D-Calif.). 'You just eat some popcorn and watch the show.'
Epoch Times
26 minutes ago
- Epoch Times
Canada, China Agree to ‘Regularize' High-Level Talks After Carney's First Official Call With Beijing
Canada and China have agreed to 'regularize' high-level talks between the two countries following a call between Prime Minister Mark Carney and Chinese Premier Li Qiang on June 5, the prime minister's office said. 'The leaders exchanged views on bilateral relations, including the importance of engagement, and agreed to regularize channels of communication between Canada and China,' says a During the conversation, Carney and Li also discussed trade between the two countries, and 'committed their governments' to cooperating to address the fentanyl crisis, according to the PMO's statement. It also says Carney raised 'trade irritants' affecting agricultural and food products, referring to tariffs Beijing recently imposed on Canada. The statement also says Carney raised 'other issues,' without providing further details. The PMO confirmed to the media this was the first conversation Carney held with Beijing since becoming prime minister. Speaking further about the call, Carney said on June 6 that the discussion was 'the start of a process of recalibrating the relationship with China.' Related Stories 5/23/2025 5/3/2024 'They are our second-largest trading partner, the second-largest trading partner for Canada,' Carney said. 'We have a number of trade disputes with China. Farmers across this country, fishers across this country are being affected by Chinese tariffs. People across this country have been affected by fentanyl and its precursors. Those are issues I raised directly, and we spoke at length about our concerns there, and have initiated processes, including ministerial-level dialogue on trade and other issues. So there are important issues with China that we need to address.' Saskatchewan Premier Scott Moe and Manitoba Premier Wab Kinew have asked Ottawa to engage Beijing to end its tariffs on canola products. Alberta Premier Danielle Smith has in turn Canada-China Relations Ottawa-Beijing relations, already strained in recent years, have further deteriorated amid renewed trade tensions. China earlier this year Ottawa Beijing's latest measures include a 100 percent tariff on Canadian canola oil, oil cakes, and pea imports, as well as 25 percent levies on Canadian seafood and pork. Beijing says its tariffs on Canada U.S. Ambassador to Canada Pete Hoekstra said recently that the United States wants Canada to align with its policies on China. 'The President has made it very, very clear. The No. 1 challenge to America's security, to its safety and prosperity is China,' he said in an interview with The Globe and Mail. 'We're looking for, for people who will confront the challenges with China with us.' U.S. officials have previously Beijing-Ottawa relations began to deteriorate in 2018, when China Tensions rose further after intelligence leaks were reported by Canadian media outlets starting in late 2022 about extensive interference by Beijing in Canada's democracy. This prompted a public inquiry into the matter, which ultimately identified China as 'the most active perpetrator of foreign interference targeting Canada's democratic institutions,' according to the Foreign Interference Commission's final report published earlier this year. Omid Ghoreishi and Isaac Teo contributed to this report.
Washington Post
31 minutes ago
- Washington Post
Trump's new drone orders aim to counter threats while encouraging flying cars and supersonic flights
WASHINGTON — President Donald Trump wants to counter the threats drones pose to national security under new rules released Friday, while also aiming to make it easier for Americans to fly faster than the speed of sound and expedite the development of the flying cars of the future. The three executive orders will encourage the Federal Aviation Administration to expedite rules to allow companies to use drones beyond their operators' line of sight, while also imposing restrictions meant to help protect against terrorism, espionage and public safety threats.
