Sean 'Diddy' Combs 'seeks pardon from Trump'
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Yahoo
8 minutes ago
- Yahoo
Trump says he could impose more tariffs on China, similar to India duties, over Russian oil
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens. "Could happen," Trump told reporters, after saying he expected to announce more secondary sanctions aimed at pressuring Russia to end its war in Ukraine. He gave no further details. "It may happen ... I can't tell you yet," Trump said. "We did it with India. We're doing it probably with a couple of others. One of them could be China." Trump on Wednesday imposed an additional 25% tariff on Indian goods, on top of a 25% tariff announced previously, citing its continued purchases of Russian oil. The White House order did not mention China, which is another big purchaser of Russian oil. Last week, U.S. Treasury Secretary Scott Bessent warned China that it could also face new tariffs if it continued buying Russian oil.
Yahoo
8 minutes ago
- Yahoo
Trump Says He'll Likely Name Temporary Fed Governor to Open Seat
(Bloomberg) -- President Donald Trump indicated he would likely nominate a temporary Federal Reserve governor to fill the soon-to-be vacant seat on the central bank's board within the coming days, rather than use the seat to signal his choice to replace Jerome Powell as chairman. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station 'We're probably going to go with the temp and then a permanent,' Trump told reporters Wednesday at the White House. 'I think the temp is going to be named, I'd say, over the next two, three days, and then we're going to go permanent.' Fed Governor Adriana Kugler announced last week that she plans to vacate her role on Aug. 8. Advisers had encouraged him to take that approach because it would give him additional time to interview candidates to serve as chair. Trump said he was considering 'probably' three candidates for the position and that they could come from Wall Street. 'Yeah, essentially, we're all from Wall Street, aren't we, when you get right down to it?' Trump said. He added that Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Vice President JD Vance were among the advisers participating in the process. Separately, Trump reiterated that he considered former Federal Reserve Governor Kevin Warsh and National Economic Council Director Kevin Hassett as top candidates for the Fed Chair role when it becomes open. Russia's Secret War and the Plot to Kill a German CEO The Pizza Oven Startup With a Plan to Own Every Piece of the Pie AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity The GOP Is Choosing Pesticides Over the MAHA Moms ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
8 minutes ago
- Yahoo
Trump Says Apple Is 'Coming Home' With New Investment
President Donald Trump announces Apple's plan to invest another $100 billion on domestic manufacturing, the iPhone maker's latest move to avoid punishing tariffs. Apple CEO Tim Cook also speaks.
