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Yahoo
31 minutes ago
- Yahoo
Diplomatic win for UK hosting US-China trade talks
Sky News understands that the Trump administration approached the UK government to ask if it would host round two of the US-China trade talks. This is a useful 'diplo-win' for the UK. The first round was held in Geneva last month. News of that happening came as a surprise. The Chinese and the Americans were in the midst of a Trump-instigated trade war. President Trump was en route to Saudi Arabia and suddenly we got word of talks in Switzerland. They went surprisingly well. US treasury secretary Scott Bessent and his Chinese counterpart He Lifeng, met face-to-face and agreed to suspend most tariffs for 90 days. But two weeks later, the Trump administration accused Beijing of breaking the agreements reached in Geneva. Beijing threw the blame back at Washington. On Wednesday, Donald Trump and Xi Jinping spoke by phone. The Chinese claimed this call was at the Americans' request. Either way, the consequence was that the talks were back on track. "I just concluded a very good phone call with President Xi of China, discussing some of the intricacies of our recently made, and agreed to, trade deal," President Trump said this week. From that call came the impetus for a second round of talks. A venue was needed. In stepped the UK at short notice. Beyond being geographically convenient, UK government sources suggest that Britain is geopolitically in the right place right now to act as this bridge and facilitator. The UK-China relationship is in the process of a "reset". Other locations, like Brussels or other EU capitals, would have been less workable. Crucially too, for the UK, this is also potentially advantageous as it seeks to get its own UK-US trade agreement, to eliminate or massively reduce tariffs, over the line. Talks on reaching the "implementation phase" have been near-continuous since the announcement last month, but having the American principals in London is a plus. Sideline talks are possible, but even the presence of the US team in the UK is helpful. Read more from Sky News:Man wrongly deported from US to El Salvador has been returned to face criminal chargesMore than 40 'narco-boat' drug smugglers arrested in major police sting For all the chaos that President Trump is causing with his tariffs, he has instigated face-to-face conversations as he seeks resets. Key players are sitting down around tables - yes, to untangle the trade knots which Trump tied, but this whole episode has pulled foes together around the same table; it has forced relationships and maybe mutual understanding. That's useful. And for this next round, between superpowers, the UK is the host. Also useful.
Boston Globe
31 minutes ago
- Boston Globe
Healey touts state tuition savings, criticizes federal cuts to Pell Grants
Overall, MASSGrant Plus Expansion program saved more than 34,000 Massachusetts students an estimated $110 million in the 2023-2024 academic year, the statement said. More than 7,730 middle income students saved an average of $3,856 each, according to data from the state Department of Higher Education, the statement said. Advertisement In the same statement, Healey urged the US Senate to reject Pell Grant cuts included in the federal budget reconciliation bill recently passed by Republicans in the U.S. House and supported by President Trump. The proposed cuts and eligibility restrictions would results in 42,000 Massachusetts students at public institutions losing $57 million in funding each year, according to Healey's statement said. 'Massachusetts is home to the best schools in the country, but we need to make sure that they are affordable for all of our students,' Healey's statement said. 'That's why I took action to increase financial aid at our public colleges and universities, which has already lowered costs for tens of thousands of students.' The drastic cuts proposed to the Pell Grant program would 'roll back the progress we have made and increase costs,' Healey said. Advertisement 'This is bad for our students and bad for our economy, as it would hold back our next generation of workers from being able to afford to go to school,' she said. Healey announced $62 million in new state funding to expand the MASSGrant program during a ceremony at Salem State University in November 2023. The new funding covered the full costs of tuition and mandatory instructional fees for Pell Grant-eligible students, and as much as half for middle-income students. Middle-income students are those whose families earn between $73,000 and $100,000 annually in adjusted gross income. The program was retroactive to the start of the fall 2023 semester for Massachusetts students at the states public institutions, including its 15 community colleges, nine state universities, and four University of Massachusetts undergraduate campuses. Funding for the expansion of the program also drew on $84 million Healey and the legislature had set earmarked for financial aid expansion in the FY24 budget, Healey's office said at the time. 'The dramatic enrollment increases our community colleges have seen over the last two years make it clear that free community college and expanded financial aid is a game changer for students in Massachusetts,' Luis Pedraja, chair of the Community College Council of Presidents, and president of Quinsigamond Community College said in the statement. 'The proposed Pell eligibility changes would be devastating to our students' ability to afford higher education and the community college presidents in Massachusetts urge the Senate to reject this ill-advised change,' Pedraja said. Education Secretary Patrick Tutwiler said he feared the impacts proposed cuts could have on students who struggle to afford college. Advertisement 'Low-income students deserve to go to college just as much as their higher income peers, and these changes are going to take us backwards – increasing dropout rates and leaving students saddled with more debt and no degree," Tutwiler said in the statement. Tonya Alanez can be reached at
Wall Street Journal
an hour ago
- Wall Street Journal
Early DOGE Adviser Says Musk's Behavior Is ‘Disturbing'
A Florida investment manager who advocated for 'DOGE dividend checks' says Elon Musk should apologize to President Trump following their public feud. James Fishback, an early adviser to the Department of Government Efficiency who ultimately didn't join the DOGE team, said he was proud of his plan to provide $5,000 checks to Americans funded in part by the savings uncovered by DOGE. But he criticized Musk's 'baseless attacks' against Trump and called the Tesla and SpaceX leader's behavior 'downright disturbing.' Fishback said a DOGE dividend bill pushed by Rep. Carlos Gimenez (R., Fla.) has been put on hold until further notice given the hurdles surrounding the president's tax-and-spending plan, which Musk called a 'disgusting abomination.' Fishback's comments were first reported by Politico.
