Trump cashes in on crypto side-hustle as rich-get-richer budget comes into focus
Jen Psaki reports on how Donald Trump still used the trappings of the presidency during his "personal time" at a dinner for big-money purchasers of his cryptocurrency, and shares dramatic new visuals of how much the new Republican budget bill benefits wealthy Americans over the poor.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
6 minutes ago
Harvard calls Trump's proclamation to block foreign students from attending university 'illegal retaliatory step'
Harvard University is calling President Donald Trump's proclamation to block foreign students from attending the university another "illegal retaliatory step." "This is yet another illegal retaliatory step taken by the administration in violation of Harvard's First Amendment rights," Harvard said in a statement. "Harvard will continue to protect its international students." Trump signed the proclamation on Wednesday afternoon, invoking the Immigration and Nationality Act to prohibit the entry of noncitizens from entering the U.S. to study at Harvard for at least six months. Trump argued the institution is "no longer a trustworthy steward" of international students. The proclamation also directed the secretary of state to consider revoking the visas of foreign students already in the U.S. to study at Harvard. "I have determined that the entry of the class of foreign nationals described above is detrimental to the interests of the United States because, in my judgment, Harvard's conduct has rendered it an unsuitable destination for foreign students and researchers," the proclamation said. Last month, the Department of Homeland Security tried to revoke Harvard's Student and Exchange Visitor Program -- which allows the school to sponsor foreign students – but a federal judge issued a temporary order blocking the move. Trump justified the sudden move Wednesday by claiming Harvard has refused to provide information about international students, has "extensive entanglements with foreign countries," and has discriminated in their admissions practices. The proclamation also claimed crime rates have "drastically risen" at the school and requires the government to probe the potential misconduct of foreign students. "These concerns have compelled the Federal Government to conclude that Harvard University is no longer a trustworthy steward of international student and exchange visitor programs," the proclamation said.
San Francisco Chronicle
13 minutes ago
- San Francisco Chronicle
Alert: Trump and Xi speak amid stalled negotiations over tariffs that have roiled global trade, Chinese state media says
WASHINGTON (AP) — Trump and Xi speak amid stalled negotiations over tariffs that have roiled global trade, Chinese state media says.
San Francisco Chronicle
13 minutes ago
- San Francisco Chronicle
Trump speaks with Xi amid stalled talks between the US and China over tariffs
WASHINGTON (AP) — U.S. President Donald Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade. The conversation was reported by Xinhua, a Chinese state media outlet, and confirmed by the Chinese foreign ministry, which said that Trump initiated the call. The White House did not immediately comment. 'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" Trump posted Wednesday on his social media site. Trade negotiations between the United States and China stalled shortly after a May 12 agreement between the two countries to reduce their tariff rates while talks played out. Behind the gridlock has been the continued competition for an economic edge. The U.S. accuses China of not exporting critical minerals, and the Chinese government objects to America restricting its sale of advanced chips and its access to student visas for college and graduate students. Trump has lowered his 145% tariffs on Chinese goods to 30% for 90 days to allow for talks. China also reduced its taxes on U.S. goods from 125% to 10%. The back and forth has caused sharp swings in global markets and threatens to hamper trade between the two countries. Treasury Secretary Scott Bessent had suggested that only a conversation between Trump and Xi could resolve these differences so that talks could restart in earnest. The underlying tension between the two countries may still persist, though. Even if negotiations resume, Trump wants to lessen America's reliance on Chinese factories and reindustrialize the U.S., whereas China wants the ability to continue its push into technologies such as electric vehicles and artificial intelligence that could be crucial to securing its economic future. The United States ran a trade imbalance of $295 billion with China in 2024, according to the Census Bureau. While the Chinese government's focus on manufacturing has turned it into a major economic and geopolitical power, China has been muddling through a slowing economy after a real estate crisis and coronavirus pandemic lockdowns weakened consumer spending. Trump and Xi had last spoken in January, three days before Inauguration Day. The pair discussed trade then, as well as Trump's demands that China do more to prevent the synthetic opioid fentanyl from entering the United States.
