Lumbee tribe of North Carolina sees politics snarl recognition by Washington
In his first week in office, President Donald Trump appeared to be making good on his endorsement . He issued an executive order directing the Interior Department to create a plan for federal recognition, a move Lumbee Chairman John Lowery called a 'significant step forward.' But several months later, it remains unclear if Trump will take further action.
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Yahoo
7 minutes ago
- Yahoo
TACO not on the menu: Howard Lutnick says tariffs start August 1 with no extensions
Tariffs are coming on August 1 and there will be no more extensions, Commerce Secretary Howard Lutnick said. President Donald Trump imposed his 'Liberation Day' tariffs in April, causing a rollercoaster stock market. A week later, he announced a 90-day pause, which has now expired, with many set to take effect Friday. Although the world may have gotten used to Trump announcing sweeping levies before backing out of them shortly thereafter, this time, there's no risk of TACO — the shorthand for "Trump Always Chickens Out" — the commerce secretary suggested. "No extensions. No more grace periods. August 1, the tariffs are set. They'll go into place," Lutnick said on "Fox News Sunday.' World leaders are still more than willing to talk to Trump after the August 1 deadline. 'Between now and then, I think the president's going to talk to a lot of people. Whether they can make him happy is another question, but the president is definitely willing to negotiate and talk to the big economies,' Lutnick continued. Lutnick's announcement of the hard deadline contrasts with the message of Treasury Secretary Scott Bessent days earlier, when he suggested the tariff deadlines were flexible. 'The important thing here is the quality of the deal, not the timing of the deals,' Bessent told CNBC on Monday. The hard deadline comes months after the president earned the TACO acronym after he backed out of his sweeping tariff plan. On April 2, which he's dubbed Liberation Day, Trump declared the day would 'forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again.' Stock market turbulence ensued. The NASDAQ broke a record with its largest single-day point drop in the market's 50-year history as investors responded to Trump's tariff plan. Just one week after Liberation Day, he walked back on his grand plan and the stock market surged. That's when the acronym TACO emerged. Financial Times columnist Robert Armstrong coined the term to describe the president's pattern of implementing trade policy threats, which investors predicted would cause the market to tumble, before he walks back on that policy, leading to a market rebound. Last month, he delayed the July 9 tariff deadline to August 1. Trump is meeting with European Commission chief Ursula von der Leyen on Sunday to try to avoid a potential trade war. "We're working very diligently with Europe, the EU," Trump told reporters before he left for Scotland on Friday. "I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU." Lutnick also commented on Sunday's meeting. Speaking on 'Fox News Sunday,' he remarked: 'The question is, do they offer President Trump a good enough deal that is worth it for him to step off of the 30% tariffs that he set.' Trump has announced trade deals with several countries, including Japan, Indonesia, the Philippines, Vietnam and the United Kingdom. He's said letters had been sent out earlier this month to dozens of countries with tariff rates. 'We'll have a straight, simple tariff of anywhere between 15 percent and 50 percent," Trump said this week. "We have 50 [percent] because we haven't been getting along with those countries too well." Economic experts have warned that consumers could pay the price for the new levies. "Now that the Trump administration is concluding deals that would see the tariff rate facing most trading partners settling at between 15% and 20%, with even higher rates levied on Chinese imports, we suspect retailers will be forced to finally raise the prices paid by consumers,' Paul Ashworth, chief North America economist with Capital Economics, said in a research note, CBS News reported. Some companies have preemptively taken action. Trump has threatened a 50 percent tariff on Brazil. The steep levy threats against the country have prompted a New Jersey-based orange juice manufacturer to sue the Trump administration, arguing that the 50 percent tariff could result in a $70 million hit to its business. Sign in to access your portfolio
Newsweek
9 minutes ago
- Newsweek
Thailand and Cambodia to Meet for Ceasefire Talks
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Leaders of Thailand and Cambodia are scheduled to sit down in Malaysia for ceasefire talks on Monday, the Associated Press reported. Newsweek has reached out to the Cambodian and Thai foreign ministries for comment via email on Sunday. Why It Matters Border fighting between the two countries over the past four days has drawn international calls for a ceasefire, as 34 people have been killed and more than 168,000 have been displaced, according to the AP. The fighting erupted Thursday after a land mine explosion killed five Thai soldiers, with each country accusing the other of starting the war. The conflict is part of a decades-long border dispute. President Donald Trump played a role in the lead-up to the ceasefire talks, speaking separately with both leaders on Saturday. In recent months, the administration has also been engaged in diplomatic efforts between India and Pakistan, as well as Israel and Hamas. What To Know Malaysian Prime Minister Anwar Ibrahim invited Thai and Cambodian leaders for talks on Monday, and both sides have accepted. Cambodian Prime Minister Hun Manet and Acting Thai Prime Minister Phumtham Wechayachai are expected to attend, according to the AP. Secretary of State Marco Rubio spoke with Cambodian Deputy Prime Minister/Foreign Minister Prak Sokhonn on Sunday in a call to deescalate tensions. "The United States is prepared to facilitate future discussions in order to ensure peace and stability between Thailand and Cambodia," State Department spokesperson Tammy Bruce said in a Sunday statement. Trump spoke with both leaders separately on Saturday, writing in Truth Social posts that he pushed them for a ceasefire and noting the U.S. is negotiating trade deals with both countries. Earlier this month, the president informed them that the U.S. would levy a 36 percent tariff on their goods starting on August 1. In a Sunday update, the Royal Thai Armed Forces said that "a total of seven key areas of engagement were reported, representing a decrease of three areas from the first day of the conflict." The update continued: "Cambodian attacks remain irregular and may constitute violations of rules of engagement, posing further risk to border communities. The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations." At least 21 people in Thailand and 13 Cambodians have been reported dead, according to the AP. The Thai Armed Forces reported there have been 51 civilian casualties and 111 military casualties. More than 131,000 people have evacuated in Thailand, while over 37,000 have fled parts of Cambodia. The latest Thailand-Cambodia border dispute dates back to 1907, when a map drawn during French colonial rule in Cambodia marked a boundary still cited by Cambodian officials today. Thai officials dispute this demarcation and claim territory beyond it, including ancient Khmer-era Hindu temples, such as Preah Vihear, despite two International Court of Justice rulings favoring Cambodia's claims. Local villagers help unloading supplies donated by a charity for refugees from a truck, as they take refuge in Wat Phnom Kamboar, Oddar Meanchey province, Cambodia on July 27 amid the fighting between Thailand and... Local villagers help unloading supplies donated by a charity for refugees from a truck, as they take refuge in Wat Phnom Kamboar, Oddar Meanchey province, Cambodia on July 27 amid the fighting between Thailand and Cambodia. More AP Photo/Heng Sinith What People Are Saying Jairam Ramesh, an Indian politician in the Indian National Congress, wrote in an X post on Saturday: "President Trump is now mediating between Cambodia and Thailand and is using the opportunity to make the claim - for the 26th time - on a US-brokered ceasefire between India and Pakistan." President Donald Trump wrote in a Saturday Truth Social post: "I just had a very good call with the Prime Minister of Cambodia, and informed him of my discussions with Thailand, and its Acting Prime Minister. Both Parties are looking for an immediate Ceasefire and Peace. They are also looking to get back to the "Trading Table" with the United States, which we think is inappropriate to do until such time as the fighting STOPS. They have agreed to immediately meet and quickly work out a Ceasefire and, ultimately, PEACE! It was an Honor to deal with both Countries. They have a long and storied History and Culture. They will hopefully get along for many years to come. When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!" Sophal Ear, associate professor at Arizona State University, told Newsweek on Friday: "This crisis represents a critical test of American and Chinese influence in Southeast Asia. For the U.S., Thailand is a key strategic partner, essential to sustaining American military and diplomatic presence in the region. For China, Cambodia is a central player in its regional ambitions under the Belt and Road Initiative, serving as a strategic foothold." Secretary General of the United Nations Antonio Guterres wrote in an X post Saturday: "I remain available to assist in efforts towards a peaceful resolution of the dispute." Cambodia's Ministry of Information wrote in an X post: "Despite repeated commitments to ceasefire, Thailand continues to violate its own promises. After initially agreeing to halt attacks following discussions with the Malaysian Prime Minister on 24th July 2025, Thailand resumed firing. Last night, 26th July, even after reaching another ceasefire agreement with U.S. President Donald Trump, the Thai military launched heavy weapon attacks on Cambodian territory. Moreover, Thailand is breaching its agreement with the United States, the very supplier of its weapons, by using these arms under false pretenses and in inappropriate conditions." Thailand's Government Public Relations Department wrote in an X post: "Cambodia attacked civilian homes in Surin on 27 July, 4:30 AM, followed by a disinformation campaign. Thailand condemns this violation of international law, calls for cessation, & reserves the right to self-defense. International community is asked to condemn these inhumane acts."
Wall Street Journal
9 minutes ago
- Wall Street Journal
America Should Travel Fast
Regarding Allysia Finley's 'California's Bullet Train Is a Model of Progressive Governance' (Life Science, July 21): Every highway and airport in America is subsidized—by billions more than we've ever given to high-speed rail. The $6 billion private line in Florida isn't high-speed, which costs more. But the benefit of true high-speed rail is that more people ride it because it's more convenient than driving or flying. Dozens of other countries, even those with far fewer resources than America, such as Morocco, build it because it's a better return on investment. I conducted a financial analysis of the California high-speed rail with some Harvard Business School colleagues more than a decade ago, and we came to two conclusions: It will cost more than they say, and it will still cost less than expanding highways or airports. The rail project should be reformed, not tanked.
