logo
Pence group ramps up criticism of Trump tariffs with ad campaign

Pence group ramps up criticism of Trump tariffs with ad campaign

Yahoo08-04-2025

A conservative advocacy group founded by former Vice President Pence launched a six-figure ad campaign on Tuesday pushing back against the Trump administration's sweeping tariffs that are set to take effect this week.
Advancing American Freedom unveiled its first ad, which warns of potential consequences the tariffs could have for farmers. The ad features a testimonial from Dennis Campbell, a sixth-generation farmer in Iowa who says he is 'very concerned' about the impacts of tariffs.
'Family farms like mine will be negatively affected. We need fair trade, not tariffs that lead to higher prices or foreclosures on family farms,' Campbell says in the ad, which was shared with The Hill.
Semafor first reported on the organization's ad campaign.
'Tariffs harm American workers, farmers, and families and we are urging a swift end to this protectionist policy that could undermine President Trump's pro-growth agenda,' Advancing American Freedom president Tim Chapman said in a statement.
'It's more critical than ever for Congress and the Administration to make progress on renewing the historic Trump-Pence tax cuts and get back to the conservative formula of tax cuts and deregulation that worked so well during President Trump's first term,' Chapman added.
The Trump administration last week announced a 10 percent baseline tariff on all other nations, with higher 'reciprocal' tariffs on dozens of other countries like China, Japan, South Korea, Thailand, India and the European Union. Those tariffs are set to go into effect at 12:01 a.m. Wednesday.
President Trump has shown no interest in backing off the tariffs, even as he and other officials are adamant that more than 70 countries have reached out seeking a deal. The approach has rattled financial markets and drawn pushback from some Senate Republicans.
Pence, who has broken with Trump on multiple policy issues in recent years since leaving office, said in a statement last week that the tariffs would amount to the 'largest peacetime tax hike in U.S. history.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

10-Year Treasury Yield Heads Toward Largest Decline Since April 14
10-Year Treasury Yield Heads Toward Largest Decline Since April 14

Wall Street Journal

time14 minutes ago

  • Wall Street Journal

10-Year Treasury Yield Heads Toward Largest Decline Since April 14

1316 ET — The yield on the 10-year U.S. Treasury note is headed toward its biggest one-day decline since April 14 after a pair of lackluster reports on the U.S. economy. Yields, which fall when bond prices rise, began sliding early in the session after the ADP's National Employment report showed that 37,000 jobs were created in May, the slowest pace of private-sector hiring in two years. Economists polled by The Wall Street Journal projected hiring would increase by 110,000 new jobs. Yields extended their decline after an ISM services report, which suggested that activity among service firms fell unexpectedly in May. The survey's index for new orders and inventories both sank into contraction, with respondents reporting difficulty in planning due to uncertain tariff policies. The 10-year yield recently traded near 4.36%, down from 4.46% Tuesday. ( 0841 ET – An ominous sign from the U.S. labor market triggers a rush to Treasury bonds, driving yields sharply lower. ADP says only 37,000 jobs were created by private employers in May, the lowest since March 2023. Economists surveyed by WSJ expected 110,000. ADP revises the April figure to 60,000 from 62,000 and says hiring is losing momentum while pay growth remained at robust levels. The report may reflect businesses reluctance to hire amid tariffs uncertainty. Trump cites the report to call on the Fed to lower rates. Friday, payrolls are expected to slow a little from April. The 10-year is at 4.419% and the two-year at 3.931%. ( @ptrevisani)

The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions
The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions

Yahoo

time14 minutes ago

  • Yahoo

The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions

The Wahconah Group seeks funding to accelerate its national and global expansion plans. Fayetteville, North Carolina, June 04, 2025 (GLOBE NEWSWIRE) -- The Wahconah Group, an innovation-driven company specializing in apparel design, manufacturing, and services for both tactical and retail markets, is officially seeking funding and strategic partners to support its rapid national and international expansion. With two divisions, Tactical Services and Loyalty Brand Products, both experiencing transformative growth, the company is now looking to streamline, expedite, and scale that success through investment. Wahconah GroupThe funding sought will support both divisions in their respective scale-ups: building infrastructure to service new regions, hiring a recently laid-off group of experienced American manufacturing professionals, and investing in marketing, logistics, and technology systems to support national and international growth. On the Loyalty Brand Products side, Wahconah has already built a solid reputation throughout the Northeast, serving luxury clients, global conglomerates, private high schools, and prestigious colleges, with custom-branded merchandise and apparel, including acclaimed brand collections. The company is now actively duplicating that model across the U.S., and potentially worldwide. Meanwhile, on the Tactical Services front, Wahconah has just secured a powerful manufacturing partnership with an international firm boasting 60 years of experience, expanding its capabilities in tactical manufacturing. That collaboration, along with a newly acquired United Labs certification, has allowed Wahconah to extend services beyond elite military units to include certified cleaning and repair of firefighter gear, a sector in critical need of health-focused solutions. 'Our process doesn't just restore; it enhances,' said CEO Isaac Crawford. 'Uniforms last 25 to 30 cycles with our cleaning process. That's lab-tested. We're here to help protect the protectors: firefighters, military, and beyond.' With rising cancer rates among firefighters linked to contaminated gear, Wahconah's certified, health-focused uniform care is now a necessity, not a luxury. The timing for scaling couldn't be better: the company is positioned to become a national leader in protective apparel maintenance and tactical manufacturing just as awareness and demand reach critical mass. As the U.S. approaches its 250th anniversary, Loyalty Brand Products is also planning several high-profile initiatives and partnerships. From its roots in high-tech innovation to its on-the-ground impact in apparel accessories and services, Wahconah's business strategy is built on scalable, sustainable solutions. 'For five years, we've done this without outside funding. We've proven the model. We've created jobs. Now we're building the team and infrastructure to grow further,' Crawford confirmed. 'Some investments are a leap of faith. This isn't one of them.' Interested investors and strategic partners are encouraged to reach out directly to explore funding opportunities aligned with the company's values and goals. The Wahconah Group offers a rare chance to join a dual-division company already in motion, delivering results, creating value, and reshaping the future of American apparel and protective gear. Media Contact Name: The Wahconah Group Email: info@ 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

NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y
NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y

Yahoo

time14 minutes ago

  • Yahoo

NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y

NIO Inc. NIO incurred a loss per American Depositary Share ('ADS') of 45 cents in the first quarter of 2025, which was wider than the Zacks Consensus Estimate of a loss of 22 cents. The company reported a loss of 36 cents in the year-ago quarter. This China-based electric vehicle maker posted revenues of $1.66 billion, which missed the Zacks Consensus Estimate of $1.71 billion but rose 20.85% year over year due to higher delivery volumes. NIO Inc. price-consensus-eps-surprise-chart | NIO Inc. Quote It delivered 42,094 vehicles in the first quarter, up 40.1% year over year, including 27,313 vehicles from NIO and 14,781 from ONVO. Revenues generated from vehicle sales amounted to $1.37 billion, up 18% year over year. The rise in sales was mainly attributable to an increase in delivery volume. Other sales of $288.8 million rose 36.5% on a year-over-year basis. Gross profit was $126.7 million, up 87.7% reported in the year-ago quarter. Vehicle margin in the reported quarter climbed to 10.2% from 9.2% in the first quarter of 2024, due to lower material cost per unit. Gross margin was 7.6%, up from 4.9% in the year-ago quarter. The rise was attributable to an increase in sales from parts, accessories and after-sales vehicle services. Research & development costs amounted to $438.4 million, which rose 10.5% year over year. Selling, general & administrative costs were $606.4 million, up 46% year over year. As of March 31, 2025, cash and cash equivalents totaled $3.6 billion and long-term debt amounted to $1.28 billion. For second-quarter 2025, NIO projects deliveries in the range of 72,000-75,000 vehicles, implying a rise of 25.5-30.7% year over year. Revenues are estimated between $2,689 million and $2,765 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) NIO currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Autoliv Inc. ALV reported first-quarter 2025 adjusted earnings of $2.15 per share, which beat the Zacks Consensus Estimate of $1.72 and rose 37% year over year. The company reported net sales of $2.58 billion in the quarter. The figure beat the Zacks Consensus Estimate of $2.47 billion but fell 1.4% year over year. Autoliv had cash and cash equivalents of $322 million as of March 31, 2025. Long-term debt totaled $1.57 billion. Operating cash flow in the quarter under review was $77 million and capital expenditure amounted to $93 million, resulting in a negative free cash flow of $16 million. In the quarter, ALV paid a dividend of 70 cents per share and repurchased 0.5 million shares. Mobileye Global Inc. MBLY reported first-quarter 2025 adjusted earnings per share of 8 cents. The figure was in line with the Zacks Consensus Estimate. The company reported a loss of 7 cents per share in the year-ago quarter. Total revenues amounted to $438 million, beating the Zacks Consensus Estimate of $434 million. The metric also rose 83% year over year. MBLY had cash and cash equivalents of $1.51 billion as of March 29, 2025, compared with $1.43 billion as of Dec. 28, 2024. Operating cash flow for the three months ended March 29, 2025, was $109 million. Capex was $14 million during the same time frame. Group 1 Automotive GPI reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter's $4.47 billion. Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Autoliv, Inc. (ALV) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store