logo
Trump says he's not planning to extend a pause on global tariffs beyond July 9

Trump says he's not planning to extend a pause on global tariffs beyond July 9

Yahooa day ago

WASHINGTON (AP) — President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.
Letters will start going out 'pretty soon" before the approaching deadline, he said.
'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Trump told Fox News Channel's "Sunday Morning Futures" during a wide-ranging interview taped Friday and broadcast Sunday.
Those letters, he said, would say, 'Congratulations, we're allowing you to shop in the United States of America, you're going to pay a 25% tariff, or a 35% or a 50% or 10%.'
Trump had played down the deadline at a White House news conference Friday by noting how difficult it would be to work out separate deals with each nation. The administration had set a goal of reaching 90 trade deals in 90 days.
Negotiations continue, but 'there's 200 countries, you can't talk to all of them,' he said in the interview.
Trump also discussed a potential TikTok deal, relations with China, the strikes on Iran and his immigration crackdown.
Here are the key takeaways:
Few details on possible TikTok deal
A group of wealthy investors will make an offer to buy TikTok, Trump said, hinting at a deal that could safeguard the future of the popular social media platform, which is owned by China's ByteDance.
'We have a buyer for TikTok, by the way. I think I'll need, probably, China approval, and I think President Xi (Jinping) will probably do it,' Trump said.
Trump did not offer any details about the investors, calling them 'a group of very wealthy people.'
'I'll tell you in about two weeks,' he said when asked for specifics.
It's a time frame Trump often cites, most recently about a decision on whether the U.S. military would get directly involved in the war between Israel and Iran. The U.S. struck Iranian nuclear sites just days later.
Earlier this month, Trump signed an executive order to keep TikTok running in the U.S. for 90 more days to give his administration more time to broker a deal to bring the social media platform under American ownership.
It is the third time Trump extended the deadline. The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when a national ban — approved by Congress and upheld by the Supreme Court — took effect.
Trump insists US 'obliterated' Iran's nuclear facilities
U.S. strikes on Iran 'obliterated' its nuclear facilities, Trump insisted, and he said whoever leaked a preliminary intelligence assessment suggesting Tehran's nuclear program had been set back only a few months should be prosecuted.
Trump said Iran was 'weeks away' from achieving a nuclear weapon before he ordered the strikes.
'It was obliterated like nobody's ever seen before,' Trump said. 'And that meant the end to their nuclear ambitions, at least for a period of time.'
Iran's supreme leader, Ayatollah Ali Khamenei, said Sunday on X that Trump "exaggerated to cover up and conceal the truth." Iran's ambassador to the United Nations, Amir Saeid Iravani, told CBS' 'Face the Nation' that his country's nuclear program is peaceful and that uranium 'enrichment is our right, and an inalienable right and we want to implement this right' under the Treaty on the Non-Proliferation of Nuclear Weapons. 'I think that enrichment will not — never stop.'
Rafael Grossi, the head of the International Atomic Energy Agency, said on CBS that 'it is clear that there has been severe damage, but it's not total damage."
Grossi also said the U.N. nuclear watchdog has faced pressure to report that Iran had a nuclear weapon or was close to one, but 'we simply didn't because this was not what we were seeing.'
Of the leak of the intelligence assessment, Trump said anyone found to be responsible should be prosecuted. Journalists who received it should be asked who their source was, he said: 'You have to do that and I suspect we'll be doing things like that.'
His press secretary said Thursday that the administration is investigating the matter.
A 'temporary pass' for immigration raids on farms and hotels?
As he played up his immigration crackdown, Trump offered a more nuanced view when it comes to farm and hotel workers.
'I'm the strongest immigration guy that there's ever been, but I'm also the strongest farmer guy that there's ever been,' the Republican president said.
He noted that he wants to deport criminals, but it's a problem when farmers lose their laborers and it destroys their businesses.
Trump said his administration is working on 'some kind of a temporary pass' that could give farmers and hotel owners control over immigration raids at their facilities.
Earlier this month, Trump had called for a pause on immigration raids disrupting the farming, hotel and restaurant industries, but a top Homeland Security official followed up with a seemingly contradictory statement. Tricia McLaughlin said there would be 'no safe spaces for industries who harbor violent criminals or purposely try to undermine' immigration enforcement efforts.
Status of China trade talks
Trump praised a recent trade deal with Beijing over rare earth exports from China and said establishing a fairer relationship will require significant tariffs.
'I think getting along well with China is a very good thing,' Trump said. 'China's going to be paying a lot of tariffs, but we have a big (trade) deficit, they understand that."
Trump said he would be open to removing sanctions on Iranian oil shipments to China if Iran can show 'they can be peaceful and if they can show us they're not going to do any more harm.'
But the president also indicated the U.S. isn't afraid to retaliate against Beijing. When Fox News Channel host Maria Bartiromo noted that China has tried to hack U.S. systems and steal intellectual property, Trump replied, 'You don't think we do that to them?'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What to Know About Medicaid
What to Know About Medicaid

Time​ Magazine

time12 minutes ago

  • Time​ Magazine

What to Know About Medicaid

Medicaid, the health insurance program for low-income Americans that provides coverage for more than 70 million people, faces its biggest overhaul in decades under President Donald Trump's 'One, Big, Beautiful Bill,' a massive tax and spending package now being considered by the Senate that would slash its funding. Both the House and Senate versions of the bill, which is still undergoing changes as the upper chamber votes on amendments, would reduce funding for the program by hundreds of billions of dollars, according to the nonpartisan Congressional Budget Office (CBO). Nearly 12 million adults could lose health insurance because of the proposed cuts in the Senate's revised bill over the next decade, the CBO estimated in a Saturday report. Much of the cuts are expected to come through imposing new administrative requirements on enrollees, or risk losing their coverage. The White House has rejected the CBO's findings, insisting that the cuts to the program will only reduce fraud and waste. 'President Trump pledged to protect and preserve Medicaid, and that's exactly what The One, Big, Beautiful accomplishes by kicking illegal immigrants off the program, implementing commonsense work requirements, and enforcing basic eligibility verification to combat fraud,' White House spokesman Kush Desai wrote to TIME. The House narrowly passed the bill in May, and lawmakers are now working in an effort to pass the proposed legislation by a July 4 deadline imposed by Trump. The proposed Medicaid cuts have been contentious among Republicans, some of whom have been wary of their potential impact. Senator Thom Tillis, a Republican of North Carolina, has vowed to vote against the bill unless his concerns over the cuts are addressed. Here's what to know about Medicaid. What is Medicaid? Medicaid was created following the passage of the 1965 Social Security Amendments under President Lyndon B. Johnson, according to the National Archives. The law established both Medicare, which generally provides health insurance coverage for Americans aged 65 and older, and Medicaid, which serves low-income people. Medicaid is financed jointly by state and federal governments and accounts for about a sixth of health care spending in the U.S. It's a hugely popular program among Americans: More than 80% have a positive view of Medicaid, according to a survey conducted earlier this month by nonpartisan research organization KFF. The Affordable Care Act enabled states to expand Medicaid eligibility to include non-elderly adults whose income was up to 138 percent of the federal poverty level—a national median of $44,367 for a family of four this year. Forty states and Washington, D.C., have so far adopted the expansion, 90% of which is funded by the federal government. During the COVID-19 pandemic, Congress allocated additional Medicaid funds so recipients could maintain "continuous coverage,' requiring states to keep most people enrolled in the program regardless of income in exchange for the enhanced federal funding. Continuous enrollment concluded at the end of March 2023, and an 'unwinding' process began. Some states have alternative names for Medicaid, such as DenaliCare in Alaska, KanCare in Kansas, and SoonerCare in Oklahoma. How many people are enrolled in Medicaid? Medicaid enrollment has stood at around 20% of the total U.S. population for the last several years, the Pew Research Center reports. Some 71.3 million low-income people in the U.S. were enrolled in the program in March 2025, more than half of whom were adults, according to a report from the Centers for Medicare & Medicaid Services (CMS). The figure was notably higher in recent years: Roughly 100 million people were enrolled in Medicaid at some point in 2023, according to a December 2024 report by The Medicaid and CHIP Payment and Access Commission. The numbers have declined following the end of continuous enrollment, however, as states have resumed disenrolling people from the program. The proportion of people enrolled in the program varies significantly between states. More than 30% of residents in Louisiana and New Mexico are covered by Medicaid, according to KFF, compared to just 12% in Wyoming and North Dakota. Who is eligible for Medicaid? The federal government sets broad eligibility requirements for Medicaid. It requires states to cover some groups when they fall below certain income levels, including pregnant women, families with children, disabled people, and most children in foster care. But since the program is state-administered, Medicaid qualifications vary on a state-by-state basis. For instance, some immigrants may be eligible for coverage in states such as New Jersey or New York. One of the provisions in the Senate version of Trump's tax and spending bill was intended to cut federal funding to states that use Medicaid to provide health care to undocumented immigrants. However, that part of the bill is in limbo after the Senate parliamentarian found that the measure did not comply with Senate rules. Are Medicaid recipients required to work? Current regulations in most states do not require Medicaid recipients to work. In Georgia, however, applicants are required to prove that they completed at least 80 hours of work or volunteer services to receive coverage. Because of this verification system, a ProPublica report found that Georgia enrolled only a fraction of Medicaid-eligible people: some 7,500 of the estimated 250,000 eligible residents. Attempts to implement work requirements in Arkansas were struck down by a federal court in 2019. A federal judge blocked similar requirements in Kentucky from taking effect the previous year, and Governor Andy Beshear halted efforts to impose them in 2019 shortly after taking office. Idaho, Kentucky, and Indiana have adopted legislation to impose work requirements this year, according to KFF. Other states are weighing imposing similar measures. And potential work requirements are being considered on a federal level in Trump's 'One, Big, Beautiful Bill.' The package would require Medicaid recipients from ages 19 to 64 to verify that they work at least 80 hours a month, or are training for a new job, studying, or volunteering. People's work status would be checked twice a year. Most working-age adults on Medicaid are employed, or have a disability or caregiving responsibilities, according to KFF.

These 15 best Target 4th of July deals are worth shopping before the holiday weekend
These 15 best Target 4th of July deals are worth shopping before the holiday weekend

CNN

time13 minutes ago

  • CNN

These 15 best Target 4th of July deals are worth shopping before the holiday weekend

Whether you're hosting for the holiday weekend or want to take advantage of the underrated list of deals, Target's 4th of July sale is delivering savings across the board. From deep discounts on patio furniture and grills to markdowns on tech, fashion and everyday essentials, this is one of those rare moments when you can save big just days ahead of the real thing. I've been tracking all the early sales and combed through the best 4th of July deals at Target to highlight what's worth your time and money, because much like the fireworks, these savings won't stick around for long. JBL Clip 5 The JBL Clip 5 is a compact, portable Bluetooth speaker that punches well above its weight with crisp sound, deep bass and a rugged, waterproof design. Its built-in clip easily attaches to bags or beach chairs, making it a perfect companion for summer adventures. It's on sale for $60 during Target's 4th of July sale. Beats Studio Pro Perfect for busy days on the go, the Beats Studio Pro offers premium sound and up to 40 hours of battery life. With active noise cancellation and Transparency Mode, you control how much of the outside world you hear, whether commuting or working. They're a smart upgrade at $50 our review Samsung Crystal UHD 4K Smart TV Target drops the 55-inch model to just $330, making it an ideal upgrade for anyone craving a cinematic experience without splurging. With its sleek design and smooth Tizen interface, this TV effortlessly elevates any living space, whether it's your main entertainment hub or a cozy guest room. Apple 11-Inch iPad Pro M4 This powerhouse tablet combines impressive speed with a stunning display, making multitasking and creative work feel effortless. Our experts praised its seamless performance during testing. Now on sale at Target, it's an ideal time to upgrade to this sleek, versatile our review Samsung 3.0Ch Soundbar With Built-in Woofer Consider this soundbar a simple, stylish way to boost your TV's sound without extra speakers cluttering your space. It delivers clear dialogue and rich, full sound that makes movies and music feel more immersive. Right now at Target, it's on sale for $50 off. Best Choice Products Folding Adirondack Chair Crafted from natural hemlock wood, this classic reclining chair folds up for easy storage and portability, perfect for patios, gardens or beach trips. Starting at $50, it's an affordable option to enhance your outdoor space without compromising on style or comfort. Costway Patio Rattan Furniture Set Gather your guests and seat them on this furniture set that allows for various configurations on patios, balconies or gardens. Discounted by a staggering 63%, it's an attractive option for those looking to enhance their outdoor area without breaking the bank. Blackstone 28-Inch Omnivore Griddle Fire up your summer cookouts with the Blackstone 28-Inch Omnivore Griddle. This versatile flat-top grill is perfect for everything from pancakes to burgers, with plenty of cooking space and even heat distribution. Snag it now at a discounted price and upgrade your backyard BBQ game while the deal lasts. Costway Outdoor Patio Lounge Chairs, Set of 2 Soak up the sun in style with this set of two patio lounge chairs, now on sale at Target. Designed with adjustable backrests and breathable fabric, they're perfect for poolside relaxation or backyard lounging. Score it for as much as 61% off. Ninja Woodfire 8-in-1 Outdoor Smoker Pizza Oven This compact, multifunctional outdoor oven is a game-changer for summer hosting — capable of wood-fired pizza, perfectly crisp vegetables, and even charred seafood like salmon. It's your patio's culinary centerpiece. Read our review Nespresso VertuoPlus Single-Serve Coffee Maker and Espresso Machine by Breville Perfect timing to upgrade your daily brew, this bestselling Nespresso coffee maker and espresso machine is down to just $119. With one-touch brewing and four cup sizes, it delivers barista-quality drinks in about 15 seconds. The hassle-free countertop companion is made even sweeter by this deal. Cuisinart 1800W Air Fryer Toaster Oven Stainless Steel Finish Cuisinart's versatile countertop appliance delivers settings like air fry, convection bake, broil, toast, dehydrate, and warm — all in a sleek stainless steel body. It's roomy enough for 3 pounds of wings or a 12-inch pizza, and it's an unbeatable kitchen upgrade while this 48% deal lasts. Ninja Crispi Our best-tested air fryer, the Ninja Crispi, delivers fast, crispy results with its bevy of frying modes, complete with dishwasher-safe glass containers that go from kitchen to table to fridge — perfect for meal prep or single‑serve snacks. Read our review GE Profile Hearth & Hand Opal Nugget Ice Maker Chill your summer beverages with this minimalist ice maker from the limited Magnolia collab. It churns out up to 34 lbs of soft, chewable nugget ice per day. It's racking up a cool $150 in savings. Mueller French Press Coffee Maker Brew like a barista with the Mueller coffee maker. Outfitted in a sleek, silver chrome aesthetic, this stainless steel French press brings rich, bold brews to your mornings — no plugs or pods needed. Target's best 4th of July sales land at a perfect moment in the retail calendar — right when summer is in full swing, but brands are already starting to clear shelves for incoming fall inventory. That timing translates to real, meaningful discounts on seasonal items you'll actually use right now, like patio furniture, grills, summer clothing and outdoor gear. It's also one of the few times you'll see deals on everyday essentials — from household goods to pantry staples — making it a smart opportunity to save on things you're already planning to buy. With fast, free shipping options and extra perks for RedCard holders and Circle members, the convenience factor is high. Thanks to Target's flexible return policy, there's little downside to taking advantage of the deals. CNN Underscored's deals editors look out for your wallet daily, scouring sales every morning. We tap a range of techniques and consider a variety of factors to determine whether a deal is worthy of coverage, such as price history checks, available coupon codes and competitor pricing. Our team, consisting of senior editor Rikka Altland, editor Jacqueline Saguin and associate editor Elena Matarazzo, is passionate about unearthing deals that we would be tempted to shop, and enjoy finding a great deal on a coveted item (especially one that's top-tested by our experts) because it means that we're helping our readers make savvy buying decisions.

Does being married save money? 5 common relationship money myths, debunked
Does being married save money? 5 common relationship money myths, debunked

Yahoo

time13 minutes ago

  • Yahoo

Does being married save money? 5 common relationship money myths, debunked

Love and money go hand in hand, but plenty of couples dodge honest money talks until tension hits. Marriage is often sold as a financial win — tax breaks, shared expenses, two paychecks — but the truth is messier. Equal earners can get hit with the 'marriage penalty,' and keeping money secrets can strain even solid relationships. In this article, Vital Records Index cuts through the myths, tackling five big questions about how romance and finances mix today. Getting married can save you money, but it's not a sure thing. One big perk is splitting living costs. Some estimates say couples save 20%-30% on rent, utilities, and insurance just by living together and sharing the bills. Taxes matter, too. If one partner earns a lot more, the couple might get a 'marriage bonus' that cuts their tax bill by up to 21%. If both bring in similar incomes, however, they could end up paying more. Health insurance is another potential win. Adding a spouse to a workplace plan can save over $3,000 a year compared to buying separate coverage. Still, marriage has upfront costs. The Knot reported that the average U.S. wedding in 2024 cost around $33,000; enough to cancel out early savings if couples don't plan wisely. Money fights can quietly chip away at even solid relationships. In fact, in Experian's 2017 Credit and Divorce survey, 59% of divorced couples said finances played a part in their breakup. That doesn't mean you need matching salaries or identical spending styles, but being on the same page helps. Financial compatibility often comes down to a few things. Honest money talks are key. So is agreeing on big-picture goals like buying a house vs. traveling, or saving for kids vs. retiring early. Having a plan for tackling debt together — whether it's for credit cards, student loans, or medical bills — is another sign you're aligned. It matters more than you might think. A LendingTree survey conducted in January 2025 found that about 23% of Americans have ended a relationship over money issues. Clear communication and shared goals won't solve everything, but they can build the trust that keeps couples together. Big income differences don't have to lead to tension. Plenty of couples find ways to keep things feeling fair. Instead of splitting everything 50/50, many divide expenses based on what each person earns. If one partner brings in more, they might cover a bigger share. Others balance the scales with nonfinancial contributions—like handling childcare, cooking, or managing the day-to-day at home. The goal isn't perfect math—it's finding a split that feels right for both people. While a Bankrate survey conducted in December 2024 found that 43% of U.S. couples still use only joint accounts, younger generations are moving away from that model. Just 31% of millennials go all-in on joint finances, compared to nearly half of Gen Xers and boomers. More younger couples are opting for flexible setups that mix shared responsibility with personal freedom. Talking about money can feel uncomfortable, but it usually makes relationships stronger. Regular check-ins help build trust and clear up confusion before it turns into conflict. That routine creates space for honesty and joint decision-making. Secrecy, though, is a different story. Hiding debt or spending—what some call financial infidelity—can wreck trust fast. When one person makes money moves behind the other's back, it often leads to tension and lasting damage. For couples who want to stay on top of shared expenses without combining everything, tools like Zeta and Honeydue help. They make it easy to stay organized and keep the money talk going, even with separate accounts. Financial betrayal hits hard. The most common forms include secret accounts, hidden debt, and gambling. These aren't just money slip-ups, they're trust breakers. And the impact can last. People who experience financial betrayal often carry that stress with them, even if the relationship survives. It can shape how they handle money in the future, making financial decisions, conversations, and long-term planning more difficult. But there's hope. Talking to a financial counselor or therapist can help couples rebuild trust and create healthier money habits. Having a neutral expert in the room often makes tough conversations easier and more productive. Marriage can come with real financial perks, but the real win is planning ahead and being open. Couples who talk about money early, covering debt, spending habits, and long-term goals — are more likely to avoid headaches down the line. Simple tools help: prenups, budget apps, even quarterly money check-ins. They keep things transparent and on track. But financial harmony doesn't mean total agreement. It's about respect, flexibility, and working as a team. In a world where two incomes are often the norm, treating money like a shared project might just be the smartest (and sweetest) way to build a future together. This story was produced by Vital Records Index and reviewed and distributed by Stacker.

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