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The ships are the USS Gravely, USS Jason Dunham and USS Sampson, Reuters said, citing the people.
Along with 4,000 sailors and Marines in the southern Caribbean region, several P-8 spy planes, warships and at least one attack submarine will be deployed, a separate US official, who asked not to be named, told Reuters.
The personnel and military assets would operate in international airspace and waters for several months, the official told Reuters. Besides intelligence and surveillance operations, the naval assets could be used to launch targeted strikes, the report said.
President Donald Trump's administration has shown a willingness to use military force against Latin American drug cartels. Trump has placed relentless pressure on Mexico to crack down on criminal organizations and end fentanyl trafficking — or face steep tariffs on its goods.
Venezuela's communications ministry did not immediately respond to a request for comment.
President Nicolas Maduro, speaking at an event with political allies, said on Monday evening that his government defends sovereign territory and no one would touch the nation's land, state news agency AVN reported. Maduro did not mention the US or the Reuters report.
The Trump administration deported about 250 Venezuelans to a notorious prison in El Salvador this year by invoking a controversial 227-year-old US law intended for use in times of war. Trump argued that his use of the law was justified by an 'invasion' of alleged members of the gang known as Tren de Aragua, which the US designated a Foreign Terrorist Organization this year.
The deportees who had been jailed in El Salvador were sent back to Venezuela in July in exchange for the release of 10 Americans.
Mao Ning, a spokeswoman for the Chinese Foreign Ministry, said combating drugs is the common responsibility. 'But we hope that major countries should play the role responsibly, maintain regional peace and stability, and properly handle the issue together with relevant countries,' she said Tuesday at a regular briefing in Beijing, without mentioning the US.
China has warm ties with Venezuela and has been hit with tariffs by the US to punish it for what Washington sees as Beijing's role in fentanyl production. China in June moved to tighten controls over two chemicals that can be used to make fentanyl, in an apparent olive branch to the US.
--With assistance from Bernadette Toh, Michael Heath, Patricia Laya and Colum Murphy.
(Updates with Chinese Foreign Ministry comments in last two paragraphs.)
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Yahoo
20 minutes ago
- Yahoo
Trump tariffs live updates: US keeps AA+ rating as tariffs aid fiscal outlook
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(Bloomberg) — Republican Representative Zach Nunn is making an Iowa State Fair video about President Donald Trump's tax law, shot on a John Deere tractor under the blazing August sun. In it, Nunn, one of the nation's most vulnerable incumbents, talks to constituent Sarah Curry about how the expanded child tax credit will help with the cost of one child's speech therapy. Nunn is also planning to use the state fair as the backdrop for more videos selling the bill's provisions temporarily cutting taxes on tips and overtime. Economic issues — namely, Trump's tax package and his tariff war with countries that buy much of Iowa's agricultural products — will be front and center in Nunn's race, and he's eager to get a jumpstart defining the issues. So, too, are Democrats, who see Iowa's two swing districts as must-wins in their push to take back the House majority. 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Commerce department applies 50% steel, aluminum tariffs to more products (Reuters) -The Trump administration widened the reach of its 50% tariffs on steel and aluminum imports by adding hundreds of derivative products to the list of goods subject to the levies. In a Federal Register notice late on Friday, the Commerce Department said the Bureau of Industry and Security was adding 407 product codes to the Harmonized Tariff Schedule of the United States that identify the goods to be hit with the additional duties on the steel and aluminum content of those products. The non-steel and non-aluminum content will be subject to the tariff rates President Donald Trump has imposed on the goods originating from specific countries, the notice said. The levies on the goods on the expanded list go into effect on August 18. Read more here. 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Year-ahead inflation expectations increased to 4.9% from 4.5% last month, according to the University of Michigan's survey of consumers. Long-run inflation expectations also rose to 3.9% in August from 3.4% in July. "Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April when reciprocal tariffs were announced and then paused," Joanne Hsu, the university's Surveys of Consumers director, wrote. "However, consumers continue to expect both inflation and unemployment to deteriorate in the future." Consumer sentiment also deteriorated month over month, falling for the first time in four months. The University of Michigan's Consumer Sentiment Index fell to 58.6 from 61.7 a month ago. Read more here. US import prices rebound in July on higher consumer goods costs US import prices rebounded in July in the latest sign that inflation is set to pick up because of tariffs. Reuters reports: Read more here. US import prices rebounded in July in the latest sign that inflation is set to pick up because of tariffs. Reuters reports: Read more here. Trump says semiconductor tariffs could reach 300% President Trump said Friday he is planning on unveiling tariffs on semiconductor imports over the next two weeks, hinting that those duties could reach as high as 300%. From Bloomberg: Read more here. President Trump said Friday he is planning on unveiling tariffs on semiconductor imports over the next two weeks, hinting that those duties could reach as high as 300%. From Bloomberg: Read more here. Applied Materials' shares sink on weak China demand, tariff risks Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Reuters reports: Read more here. Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Reuters reports: Read more here. Sign in to access your portfolio
CBS News
23 minutes ago
- CBS News
Venezuela's Nicolás Maduro says he's deploying 4.5 million militia members in response to "outlandish threats" by U.S.
Venezuela President Nicolás Maduro on Monday said he would deploy 4.5 million militia members in response to "outlandish threats" by the United States after Washington raised the bounty for his arrest to $50 million and launched anti-drug operations in the Caribbean. "This week, I will activate a special plan with more than 4.5 million militiamen to ensure coverage of the entire national territory -- militias that are prepared, activated and armed," Maduro announced on state television. Official figures say the Venezuelan militia, founded by Maduro's predecessor Hugo Chavez, contains about 5 million people -- though the actual number is believed to be smaller. Venezuela's total population is around 30 million. Maduro lambasted "the renewal of extravagant, bizarre, and outlandish threats" from the U.S. The administration of President Donald Trump earlier this month doubled its bounty to $50 million for the arrest of Maduro, who faces drug trafficking charges. Washington, which does not recognize Maduro's past two election victories, accuses the Venezuelan of leading a cocaine trafficking gang called Cartel de los Soles. The Trump administration announced sanctions against the group and Maduro's administration last month. Earlier this month, Mr. Trump directed the military to target drug cartels in Latin America, a source familiar with the matter confirmed to CBS News. The U.S. military has also reportedly deployed several vessels to the southern Caribbean, as part of Mr. Trump's crackdown on Latin American drug cartels. Two sources briefed on the matter told the Reuters news agency that three U.S. destroyers will arrive off the coast of Venezuela soon. "We are also deployed throughout the our sea, our property, Venezuelan territory," Interior Minister Diosdado Cabello said. Although he did not mention the recent U.S. actions specifically, Maduro thanked those who expressed their support in the face of what he called "rotten refrain" of threats. Maduro called on his government's political base to move forward with the formation of peasant and worker militias "in all industries." "Rifles and missiles for the peasant force! To defend the territory, sovereignty, and peace of Venezuela," declared Maduro. Last September, the U.S. seized a plane belonging to Maduro and brought it to the U.S., with the Justice Department claiming the jet was exported from Florida in violation of U.S. sanctions.
Yahoo
an hour ago
- Yahoo
Trump Widens Metal Tariffs to Target Baby Gear and Motorcycles
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Official guidance has been muddled, especially for goods already on their way to the US, and it's unclear whether the metals levies stack on top of country-by-country tariffs. Having weathered six months of Trump's trade war and a pandemic that triggered mass supply disruptions, it's hard to rattle the freight carriers, cargo owners and middlemen that keep cross-border commerce moving. But the scope and implementation speed of this latest notice took many by surprise. 'We've had a lot of these 11th-hour implementations throughout 2025, this one in particular impacts every single client I have to an enormous degree,' Michigan-based customs broker Shannon Bryant said in an interview. 'Earlier announcements at least had some in-transit exemptions so at least importers could make reasonable buying decisions,' said Bryant, president of trade compliance advisory service, Trade IQ. 'This one was unique in that way — it's very much a 'gotcha.'' The new list includes auto parts, chemicals, plastics and furniture components — demonstrating the reach of Trump's authority to use sectoral tariffs. That is separate from the executive power he invoked for his so-called reciprocal tariffs. 'Basically, if it's shiny, metallic, or remotely related to steel or aluminum, it's probably on the list,' Brian Baldwin, a vice president of customs in the US at logistics giant Kuehne + Nagel International AG, wrote in a post on LinkedIn. 'This isn't just another tariff — it's a strategic shift in how steel and aluminum derivatives are regulated.' Compliance Costs The difficulty with applying tariffs to derivative products lies in determining what percentage of an item is made from the targeted materials. Flexport, a digital freight forwarder, said in a blog post that 'for many brands, this means chasing suppliers for detailed data: aluminum weight, percentage of customs value, and country of cast/smelt.' The compliance burden, Flexport said, 'is significant.' This tranche of tariffs is also particularly expansive, including items such as motorcycles, cargo handling equipment, baby booster seats, tableware and personal care products that come in metal containers or packaging. Jason Miller, a professor of supply chain management at Michigan State University, conservatively estimates that the metals tariffs now cover about $328 billion worth of goods, based on 2024 import data. That's six times greater than in 2018 and a big jump from the $191 billion worth of goods covered prior to the change, he said in an email to Bloomberg News. Broker's Plea Bryant, whose clients include cosmetics and commercial cookware importers, sent a letter to her elected officials in Washington on Monday warning that the complexity of overlapping tariffs is becoming unworkable even for professionals. 'For small importers,' she wrote, 'it's impossible.' 'I'm trying to think of a client that's not impacted,' Bryant said. 'These are American companies that employ American people that are being ambushed by their own government.' Trump first imposed steel and aluminum tariffs in 2018 with the goal of boosting US output by making it more expensive for Americans to buy foreign material. But several major suppliers including Canada, Mexico and the European Union were ultimately exempted, and US industries have said they're still struggling to compete with imports. Big Steel Applauds In June, Trump fulfilled a campaign promise by doubling the levy on steel and aluminum to 50% and also sought feedback from industry on how to broaden it further. Lourenco Goncalves, chief executive officer of US steelmaker Cleveland-Cliffs Inc., applauded the expanded tariff list in a statement on Monday, thanking the Trump administration for 'taking decisive and concrete action that will deter tariff circumvention occurring in plain sight with stainless and electrical steel derivative products.' There's very likely more to come. At the end of July, the Trump administration imposed a 50% duty on semi-finished copper imports valued at more than $15 billion and ordered officials to come up with a plan to slap tariffs on an array of other copper-intensive goods. 'This isn't over,' said Pete Mento, DSV's global customs director, in a social media post on Monday. 'The next list will surely be for copper and I expect that to be equally as miserable.' Reference Shelf: Chaotic Tariff Rollout Leaves US Importers Short on Details (1) US INSIGHT: Importers Still Cover Most Tariffs Despite Revisions Why Trump Doubled Down on Steel and Aluminum Tariffs: QuickTake Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Women's Earnings Never Really Recover After They Have Children Americans Are Getting Priced Out of Homeownership at Record Rates Yosemite Employee Fired After Flying Trans Pride Flag ©2025 Bloomberg L.P. Sign in to access your portfolio
