logo
Trump is bulldozing some Republicans' priorities. They should be nervous

Trump is bulldozing some Republicans' priorities. They should be nervous

Yahoo07-03-2025
During his address to a joint session of Congress, President Donald Trump attacked a piece of legislation meant to boost the manufacturing of semiconductors in the United States.
'Your CHIPS Act is a horrible, horrible thing,' he said. 'We give hundreds of billions of dollars and it doesn't mean a thing. They take our money and they don't spend it.'
A Republican, Sen. Todd Young from Indiana, helped shepherd the bill's passage in 2022. Despite Trump's attacks, he still believes the president understands the need for the program.
'I think the President absolutely understands that we have to have resilient supply chains, and that our war fighters can't depend on China or other countries for critical inputs into that supply chain, including semiconductors,' Young told The Independent.
'We've been in touch with the administration about it,' he added.
Young notably did not endorse Trump in 2024 despite coming from a solidly Republican state — though he has voted to confirm all of his nominees.
Trump's criticism of Young's legislation is the latest example of how the president and his allies have at times actively worked against the priorities of Republican senators since he returned to office. At the same time, many Republicans have done little to push him to change course, a noticeable deviation from his first presidency. But Trump's aggressive bashing of Republican priorities could create a climate in which Republicans in swing states face tougher re-election prospects, which could ultimately cost the president his Senate majority, or reduce it significantly.
Sen. Thom Tillis of North Carolina, another Republican supporter of the CHIPs and Science Act, said he needed to see whether companies like Apple would continue to invest in the United States without the CHIPs legislation, as Trump claims. Last week, Apple announced it would spend $500 billion in the United States. Earlier this week, Taiwan Semiconductor Manufacturing Co., the world's largest chip manufacturer, announced that it would invest $100 billion in the U.S.
'I need to figure out how some of these other investments that he suggested, you didn't need CHIPs and science, or the CHIPs act to actually get Apple to make the investment that they've announced recently,' Tillis said. 'I need to understand that better, because I, for one, think that the CHIPs Act, which I support, it has been helpful, not perfect, but helpful.'
The 'Denali' debacle is yet another example of Trump being at odds with some of his Republican senators. During his joint address, Trump touted the renaming of 'Denali' to 'Mt. McKinley.'
'I renamed for a great president, William McKinley, Mount McKinley, again,' he said. 'Beautiful Alaska. We love Alaska.'
But Sen. Lisa Murkowski of Alaska has filed legislation to keep the 'Denali' title for America's tallest mountain, insisting it's not a 'political issue.' 'Alaskans from every walk of life have long been advocating for this mountain to be recognized by its true name,' she said when announcing the legislation.
On Thursday, Trump announced that he would delay impending tariffs on Canada and Mexico, which have caused volatility in U.S. markets. It's an issue that some Republicans have eyed with skepticism, including Sen. Susan Collins of Maine, who's warned that imposing tariffs would harm her home state.
'I know the President wants jobs, and I know the President wants a healthy, strong economy,' she told The Independent. 'I don't know that he fully appreciates how integrated the economies are in border states with Canada. People cross every single day.'
The Trump administration also ruffled Republicans' feathers when Doug Collins, the secretary for Veterans Affairs, announced that his department would reduce staffing levels by 80,000. The cuts would bring back staffing levels to what they were before the Biden administration and before Congress passed legislation to offer support for U.S. service members exposed to toxic burn pits.
Immediately, Sen. Jerry Moran, the top Republican on the Veterans Affairs Committee, criticized the effort in a statement on X.
'The VA is in need of reform but current efforts to downsize the department and increase efficiency must be done in a more responsible manner,' Moran said on Wednesday.
The Trump White House dispatched Elon Musk, the head of its Department of Government Efficiency, to meet with Republicans in both the House and Senate on Wednesday.
Trump's pivot on the Russian invasion of Ukraine — and his attacks on Ukrainian President Volodymyr Zelensky — have also rankled some Senate Republicans, who tend to support Ukraine more than Trump and House Republicans.
On Thursday, Reuters reported that Trump planned to revoke the 'temporary protected status' of some 240,000 Ukrainians in the United States. Trump later told reporters he was 'looking at' the idea.
Tillis, a supporter of Ukraine, told The Independent that he had to 'get to the detail so that we can actually respond.' When asked about the Trump administration's decision to cut off intelligence to Ukraine, Tillis made similar remarks on Wednesday.
'I just haven't got an answer, but it's absolutely essential, otherwise you're having them go dark on Russia movement,' he said.
There are signs that Trump's team will punish Republicans who cross him. On Thursday, Arthur Schwartz, an ally of the president's son Donald Trump Jr., posted a survey from the Democratic-leaning Public Policy Polling showing Tillis losing in a hypothetical race against North Carolina's Democratic former governor Roy Cooper.
But Tillis blew off Schwartz's implied threat to challenge him.
'I don't care if he's a friend or an associate with people in the White House, but people need to understand that entrepreneurs like [Schwartz] are the problem, not the solution,' Tillis told The Independent. 'We need adults in the room when we're talking about swing states like North Carolina, not somebody who felt good about posting a tweet today on PPP polls.'
Tillis and Collins are both up for re-election in 2026 and will have tough races. Collins is in a solidly blue state and Tillis is in the biggest swing state of them all. Trump going after their priorities or putting additional tariffs that could hurt their economy could cost the GOP — and his legislative agenda — in the long term.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why congressional stock-trade ban efforts are about to heat up
Why congressional stock-trade ban efforts are about to heat up

Business Insider

timea few seconds ago

  • Business Insider

Why congressional stock-trade ban efforts are about to heat up

Get ready to hear a lot more about banning congressional stock trading. A top Trump administration official says he's going to start pushing for a ban. Two House Republicans are, in different ways, gearing up to force a vote on the issue. And all the while, lawmakers keep failing to report millions of dollars' worth of stock trades on time. "We've got to move," Republican Rep. Chip Roy of Texas said on Fox Business earlier this month, saying that while he had given House GOP leadership "grace" as they worked to get the "Big Beautiful Bill" through Congress, that time is now over. "I'm going to demand that we vote on this, this fall." It all comes after an explosive Senate hearing on a stock trading bill last month, where Republicans went after one another over whether President Donald Trump himself should be banned from trading stocks. That led to Trump branding Sen. Josh Hawley as "second-tier," though the Missouri Republican later told BI that he was able to smooth things over with Trump later. "He told me he wants a stock trading ban," Hawley said in July. "He remains committed to getting a stock trading ban, so we'll work with him to do that." Potential House drama over a 'discharge petition' Rep. Anna Paulina Luna, a Florida Republican known for challenging her own party's leadership, has said she'll start the process of forcing a vote on a stock trading ban when lawmakers return from the August recess. "I won't sit idly by while members of Congress trade stocks, especially those on committees with direct influence over relevant industries," Luna wrote on X last month. "That's corruption at its core, and it needs to stop." Luna has said she'll try to use what's known as a "discharge petition" to bring up a stock trading ban bill authored by Republican Rep. Tim Burchett of Tennessee. Under that process, the bill would have to be brought to the House floor for a vote — with or without the support of House leaders — if Luna is able to collect signatures from 218 members, a majority of the 435 seats in the House. Not everyone who supports a stock trading ban is on board with Luna's approach. Roy, the co-sponsor of a different stock trading ban bill that has bipartisan support and has been around for years, told Fox Business that a discharge petition is "not the best way" to get it done. "I want the speaker, and Republicans, to control this," said Roy. "Republicans need to control the floor, do our job, bring this to a vote." Roy has been working with a bipartisan group that includes Democratic Reps. Seth Magaziner of Rhode Island and Alexandria Ocasio-Cortez of New York to put forward a consensus stock trading ban bill. But after months of discussions, they have yet to release legislative text. That's led Luna to largely dismiss their effort. "Allegedly, there were 'talks' happening? With who?" Luna wrote on X on Thursday. "They were never going to bring a VOTE to the floor. I don't care if this upsets people." The Florida congresswoman's effort is worth taking seriously: she has used this legislative tool before to bring up a bill on proxy voting over the objections of Speaker Mike Johnson, bringing the House to a halt for a full week in April. Lawmakers keep reporting trades late Johnson has said he's supportive of a stock trading ban — though he has "sympathy" for arguments against it. House Minority Leader Hakeem Jeffries began forcefully supporting it this year in the wake of well-timed tariff trades by some lawmakers. Even Trump has backed it, though some Republicans are wary of applying the bill's restrictions to him. This week, Treasury Secretary Scott Bessent got in on the action, saying he himself would begin pushing for a ban on lawmakers trading individual stocks. "I don't think we have the perfect bill yet," Bessent told Bloomberg this week. "But I am going to start pushing for a single-stock trading ban." Meanwhile, several lawmakers in have been found in violation of the STOCK Act in recent weeks, disclosing millions of dollars worth of trades long after the 30-45 day deadline for doing so. Rep. Lisa McClain of Michigan, the fourth-highest ranking House Republican, was late to disclose over 500 trades made by her husband from March 2024 through June 2025, totalling at least $1.5 million. Republican Rep. Dan Meuser of Pennsylvania failed to disclose that his wife sold between $750,000 and $1.5 million in NVIDIA stock last year. And Sen. Markwayne Mullin of Oklahoma was late in disclosing millions of dollars made by him and his wife since 2023. Lawmakers are only required to disclose asset ranges on their reports, so we don't know the exact value of the trades. Those lawmakers and their spokespeople blamed errors made by third-party financial managers and lack of awareness of the trades for the late disclosures. A spokesperson for McClain told BI that the congresswoman "promptly filed the necessary paperwork immediately after being made aware of the transactions made in managed accounts and remains committed to transparency and adherence to all House financial disclosure rules and regulations." "I take compliance with all House rules seriously and expect the same from those managing my accounts," Meuser told BI through a spokesperson. "This was a simple, automatic filing that should have occurred without error. The mistake was made solely by my brokerage and benefited me in no way." Mullin's office did not respond to BI's request for comment, but a spokesperson told NOTUS that the senator doesn't trade himself, but relies on a third-party broker.

Apple iOS 18.6.1 Surprise iPhone Software: Should You Upgrade?
Apple iOS 18.6.1 Surprise iPhone Software: Should You Upgrade?

Forbes

timea few seconds ago

  • Forbes

Apple iOS 18.6.1 Surprise iPhone Software: Should You Upgrade?

If you'd thought that we'd seen the last of iOS 18 with the recent release of iOS 18.6, you wouldn't have been alone. But Apple has released a new update that specifically brings back a missing feature to millions of Apple Watches. This post has the initial thoughts on the new release and I'll be updating this post over the coming week and will make a final assessment on Friday, Aug. 8. Who Is It For And How Do You Get It? Apple iOS 18.6.1 is compatible with all iPhones from 2018 on. That's the iPhone XS, iPhone XS Plus and iPhone XR models and every phone since. That means the iPhone 11 series, iPhone 12, iPhone 13 and so on right up to the iPhone 16 series, plus the second- and third-generation iPhone SE models as well as the iPhone 16e. If you have any of these phones except the first three, iPhone XS, iPhone XS Plus and iPhone XR, they will work with iOS 26. To update, find the iPhone's Settings app, click on General, then Software Update. Then, choose Download and Install, and the software will download from there. This is a medium download, around 720MB, but it should be reasonably quick to install. What It's About This update, though is recommended for all users, is specifically to introduce a benefit for millions of Apple Watch users. A patent dispute between Apple and medical equipment company Masimo led to the blood oxygen monitoring feature on U.S.-sold Apple Watch Series 9 and Apple Watch Ultra 2 to be disabled. It never appeared on Apple Watch Series 10 models sold in the States. The software update means all compatible Apple Watches sold anywhere to have the feature again, once this update and a watchOS 11.6.1 update are installed. It's essentially a workaround: you still activate the Blood Oxygen app on your Apple Watch, but it now transmits data to the iPhone where it is calculated and analyzed, with the result found in the Health app under the Respiratory section. Compatible Apple Watches comprise Series 7, Series 8, Series 9, Apple Watch Ultra and Apple Watch Ultra 2. You can read more about the blood oxygen feature's return here. Apple iOS 18.6.1 Security No, there are no security features in this update, Apple says. Mind you, there were more than 20 in the last one, and that was scarcely more than two weeks ago, so perhaps that's no surprise. Initial Reactions Some users have reported a snappier performance on their iPhones though nobody has said it introduced new problems, I believe. One Redditor said their iPad now had a blank screen, but to be clear there hasn't been an iPad update. Apple iOS 18.6.1 Initial Verdict: Update If you are in the U.S. and have an Apple Watch or are going to get one in the future, this is a no-brainer. For the rest of us, go ahead, there's no harm here and maybe you'll find a snappier iPhone as a result. If you have an Apple Watch, don't forget to install watchOS 11.6.1 as well. Final verdict next week.

First Sensor Reports Third Quarter 2025 Earnings
First Sensor Reports Third Quarter 2025 Earnings

Yahoo

time29 minutes ago

  • Yahoo

First Sensor Reports Third Quarter 2025 Earnings

Explore First Sensor's Fair Values from the Community and select yours First Sensor (ETR:SIS) Third Quarter 2025 Results Key Financial Results Revenue: €20.5m (down 33% from 3Q 2024). Net loss: €8.33m (loss widened by 307% from 3Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period First Sensor shares are up 2.2% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 1 warning sign for First Sensor that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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