logo
Top Democrat eats his words as he makes staggering admission about Trump's tariffs

Top Democrat eats his words as he makes staggering admission about Trump's tariffs

Daily Mail​3 days ago
Senator John Fetterman broke with the Democrat party over President Donald Trump 's tariffs to admit the policy is 'going well'.
Since winning his seat in 2023, the Pennsylvanian has become a loud voice on Capitol Hill.
In March, he previously disagreed with Trump's policy, telling The Hill he didn't understand why the US leader was 'picking all of these kind of tariffs with our allies', especially with the US and Mexico.
'There might be issues like fentanyl or some of those, but that doesn't mean we have to punch them in the mouth, because that's not making America great.'
But now he has praised the president's sweeping tariffs, as well as liberal comedian Bill Maher who also recently came to the same conclusion.
'I'm a huge fan of Bill Maher, and I mean, I think he's really one of the oracles for my party, and he acknowledged it. It's like, hey, he thought that the tariffs were going to tank the economy, and then he acknowledged that it didn't,' Fetterman told Fox News Digital.
'So, for me, it seems like the EU thing has been going well, and I guess we'll see how it happens with China.'
Maher, a comedian and host of HBO Real Time, acknowledged he jumped the gun in his most recent episode of his Club Random podcast, where he cited his own estimation that the tariffs would have destroyed the US economy 'by July'.
'I remember I, along with probably most people, were saying at the beginning, "Oh, you know, by the 4th of July",' Maher recalled. 'The economy was going to be tanked by then.
'But that didn't happen,' Maher, who met Trump at the White House in April, said.
Many Democrats, including Elizabeth Warren, have balked at Trump's tariff policy and many said it would lead to increased consumer prices.
Fetterman's comments came as Trump signed an executive order Thursday that would have new tariffs on dozens of US trading partners to go into effect in seven days.
Trump imposed a 35 percent tariff on all Canadian goods not covered by the US-Mexico-Canada trade agreement.
Trump's 35 percent tariff was announced amidst a string of surprise modifications to his reciprocal tariffs on Thursday.
His executive order was issued shortly after 7pm. It came after a flurry of tariff-related activity in recent days, as the White House announced agreements with various nations and blocs ahead of Trump's self-imposed Aug. 1 deadline.
Trump had already secured about a dozen deals, with a mix between formal signed agreements and announced frameworks.
Fetterman's comments as Trump signed an executive order Thursday that would have new tariffs on dozens of US trading partners to go into effect in seven days
But it was still far short of the '90 deals in 90 days' touted by Trump trade advisor Peter Navarro back in April.
He has been using changing deadlines – and the threats of high US tariffs he has announced publicly – to try to leverage the opening of foreign markets while bringing down the tariffs paid on imports.
To sell the push to Americans, he has been touting new tariff revenues, with $150 billion collected in July, while floating new rebate checks.
As per the new levies, Switzerland has been hit with a 39 percent tariff, Syria was lobbed a 41 percent tariff, Laos and Myanmar each received a 40 percent tariff and Iraq and Serbia joined Canada with a 35 percent tariff.
Algeria, Bosnia and Herzegovina, Libya and South Africa all were handed 30 percent tariffs.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cummins beats quarterly revenue estimates on surging power generation demand
Cummins beats quarterly revenue estimates on surging power generation demand

Reuters

time10 minutes ago

  • Reuters

Cummins beats quarterly revenue estimates on surging power generation demand

Aug 5 - U.S. truck engine maker Cummins Inc (CMI.N), opens new tab on Tuesday reported second-quarter revenue above Wall Street estimates on strong demand for its power generation systems, sending its shares up 4% in early trading. The company's power generation products, such as generators, have seen strong demand from AI-driven investments towards data centers. Cummins also said it would not reinstate its full-year revenue and profit forecast, citing persistent economic uncertainty that continues to cloud visibility into customer demand and global market conditions. The company had withdrawn its outlook last quarter, and said those challenges remain unchanged. Its power systems segment rose 19% to $1.89 billion in the quarter, driven by strong demand across data centers and mission-critical markets. In contrast, the components segment fell 9%, while the engine segment declined 8%, reflecting softer demand in economically sensitive sectors such as trucking. Cummins posted second-quarter revenue of $8.64 billion, as compared to $8.8 billion a year earlier. Analysts, on average, had expected $8.44 billion, according to data compiled by LSEG. The Indiana-based company reported a net income of $890 million or $6.43 per share, compared to $726 million or $5.26 per share a year ago.

US agency approves OpenAI, Google, Anthropic for federal AI vendor list
US agency approves OpenAI, Google, Anthropic for federal AI vendor list

Reuters

time10 minutes ago

  • Reuters

US agency approves OpenAI, Google, Anthropic for federal AI vendor list

WASHINGTON, Aug 5 (Reuters) - The U.S. government's central purchasing arm on Tuesday added OpenAI's ChatGPT, Google's Gemini and Anthropic's Claude to a list of approved artificial intelligence vendors to speed use by government agencies. The move by the General Services Administration, allows the federal government advance adoption of AI tools by making them available for government agencies through a platform with contract terms in place. GSA said approved AI providers "are committed to responsible use and compliance with federal standards."

Trump says he'd like to run again, pushing back at ‘fake polls' in CNBC interview: Live updates
Trump says he'd like to run again, pushing back at ‘fake polls' in CNBC interview: Live updates

The Independent

time11 minutes ago

  • The Independent

Trump says he'd like to run again, pushing back at ‘fake polls' in CNBC interview: Live updates

In an interview with CNBC on Tuesday morning, President Donald Trump said that while he would like to run again for another term in the White House, he added he probably wouldn't. Trump boasted about his 2024 election victory, claiming his numbers in Texas set a record that won't be surpassed unless he runs again. Asked if he would run for another term, Trump replied: 'No. Probably not. I'd like to. I have the best poll numbers I ever had.' The president pushed back when host Joe Kernen clarified that he has the best poll numbers among Republicans, while other polls show his numbers in the 30s. Trump countered: 'They're fake polls. You also have me in the 70s.' The phone interview with Squawk Box mainly focused on economic issues, including a threat to raise tariffs on India within 24 hours, other threats to the European Union, a 200% import tax on pharmaceuticals, and who he is considering to replace Federal Reserve Chair Jerome Powell. Trump also continued to criticize 'rigged' government jobs numbers, attacked Democratic lawmakers Rep. Jasmine Crockett and Illinois Gov. JB Pritzker in reference to redistricting in Texas, and accused banks of discriminating against conservatives.

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