Fareed on America's addiction to emergency powers
Fareed Zakaria, host of CNN's 'Fareed Zakaria GPS,' explains how US presidents have used emergency powers over the years and says the second Trump administration has 'broken all records.'
02:18 - Source: CNN
Vertical Politics of the Day 17 videos
Fareed on America's addiction to emergency powers
Fareed Zakaria, host of CNN's 'Fareed Zakaria GPS,' explains how US presidents have used emergency powers over the years and says the second Trump administration has 'broken all records.'
02:18 - Source: CNN
Republicans share views as Trump's poll numbers sink
CNN's Manu Raju asks Republican lawmakers about their thoughts on President Donald Trump's policies amid his sinking poll numbers.
02:05 - Source: CNN
Trump details call with Jeff Bezos over tariff charges
US President Donald Trump told reporters about his call with Amazon co-founder Jeff Bezos saying he was 'a good guy,' following a spat earlier in the day between the White House and e-commerce giant. Two senior White House officials told CNN that Trump called Bezos to complain about reports that the company was considering displaying the cost of US tariffs on its website, a move that White House press secretary Karoline Leavitt called a 'hostile political act.' Amazon spokesperson Tim Doyle said in a statement, 'The team that runs our ultra-low cost Amazon Haul store considered the idea of listing import charges on certain products. This was never approved and is not going to happen.'
00:13 - Source: CNN
Republican warns Trump may lose support
Lifelong Republican Tamara Varga says price increases have impacted her business. If President Trump isn't able to bring prices down quickly, she believes he will lose support her swing state.
01:23 - Source: CNN
Pushback on Trump's policies at the border
Produce distribution executive Matt Mandel warns Trump's tariffs on food imports will diminish the year-round supply Americans have grown accustomed to.
01:10 - Source: CNN
CNN reporter details Harvard and Trump admin's first day in court
More than $2 billion in federal funds committed to Harvard University are likely to stay frozen by the Trump administration well into the summer after the sides met for the first time in a Boston courtroom in their high-stakes sparring match over political ideology in American higher education.
01:00 - Source: CNN
Canadians anxious about Trump at the polls
01:00 - Source: CNN
Sen. Schumer says he's 'staying put' as Democrat leader
CNN chief political correspondent Dana Bash asks Senate Minority Leader Chuck Schumer (D-NY) about his future as leader as some of his Democratic colleagues retire from the Senate.
00:40 - Source: CNN
Trump's border czar on 3 US children leaving the country with their deported mothers
White House border czar Tom Homan defended the Trump administration's move to deport three US citizen children last week. Homan told CNN's Priscilla Alvarez the children's parents, who were in the US illegally, made a "parental decision" to leave the country together. Gracie Willis, an attorney with the National Immigration Project, denies that the mothers were given a choice whether their children could remain in the US.
01:07 - Source: CNN
Wisconsin judge reacts to FBI director's post of Judge Dugan's arrest
FBI Director Kash Patel posted a photo on X Friday night of the Wisconsin judge who was arrested for allegedly obstructing immigration agents while she was handcuffed, being escorted to a vehicle by officials. Judge Pedro Colón, Wisconsin Court of Appeals – District 1, joins CNN's Kyung Lah to discuss.
01:31 - Source: CNN
Vietnamese-Americans react to Trump's first 100 days
CNN's MJ Lee speaks with Vietnamese-Americans voters to get a sense of how they feel President Donald Trump has done in the first 100 days of his second term.
01:33 - Source: CNN
Laura Coates explains the legal factors of arrested judge's case
CNN's Laura Coates examines the case of a Milwaukee County Circuit judge who was arrested by the FBI and charged in federal court for allegedly helping an undocumented immigrant avoid arrest.
01:27 - Source: CNN
FBI arrests judge for allegedly obstructing ICE
The Federal Bureau of Investigation arrested a Milwaukee County Circuit judge Friday, accusing her of helping an undocumented immigrant avoid arrest. Judge Hannah Dugan is facing two charges for obstruction and concealing the individual from arrest, a law enforcement official told CNN. CNN's Katelyn Polantz reports.
01:29 - Source: CNN
Voter confronts Jon Ossoff about impeaching Trump
Sen. Jon Ossoff (D-GA) told a voter during a town hall in Cobb County, Georgia that he 'strongly' agrees that President Donald Trump needs to be impeached.
00:58 - Source: CNN
Trump sends real estate mogul alone to deal with Putin
CNN's Erin Burnett shows how Steve Witkoff, President Donald Trump's envoy sent to negotiate with Russian President Vladimir Putin, was greeted for the talks.
02:39 - Source: CNN
Analysis: Trump is in a crisis of his own making
Trump tells President Vladimir Putin to stop after Russia launched its deadliest wave of attacks on Kyiv in nine months. This comes days after Trump said the US would walk out on efforts to make a peace deal in Ukraine if it didn't see progress. CNN's Nick Paton Walsh breaks down the latest.
01:03 - Source: CNN
Meeting MAGA media at the White House
CNN's Donie O'Sullivan meets some of the Trump-friendly personalities who are now part of the White House press corps thanks to the administration's policy on 'new media' outlets.
01:05 - Source: CNN
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Yahoo
27 minutes ago
- Yahoo
ASX jumps as Trump talks trade deals
Australia's sharemarket jumped in line with the Asian markets, after US President Donald Trump announced a 'massive deal' with Japan. The benchmark ASX 200 gained 60 points or 0.69 per cent to finish trading on Wednesday at 8,737.20, while the broader All Ordinaries climbed 59.90 points or 0.67 per cent to close at 9,001.49. Australia's dollar rose 0.13 per cent and at the time of writing was buying 65.62 US cents. In an agreement between the US and Japan, the US will impose a 15 per cent levy on Japanese imports, down from 25 per cent. Japan in return will invest $US550bn into the United States. Stocks on Japan's Nikkei index rallied and the yen leapt on the news the country was able to sort a trade deal with Mr Trump, including on the critical car manufacturing sector. Last year, cars shipped to the US were around 28 per cent of Japan's 21.3 trillion yen of total exports to the world's largest economy. Global X senior investment strategist Billy Leung said Japanese equities hit a record high on Wednesday on the back of the announcement. 'This isn't just about a one-day rally. Japan is the world's largest robot manufacturing country and its role in global tech supply chains especially in high-precision manufacturing and automation makes it a key beneficiary of both tariff clarity and the broader reconfiguration of US-aligned production,' he said Australia's sharemarket followed with 10 of the 11 sectors gaining, led by the miners, banks and energy sector. The big three iron ore miners all finished in the green, with BHP up 0.9 per cent to $41.85, Rio Tinto gaining 1 per cent to $119.47 and Fortescue gaining 2.3 per cent to $18.21. Woodside Energy shares were up 1.45 per cent to $25.21, Yancoal Australia jumped 2.81 per cent to $6.58 and Whitehaven Coal soared 6.53 per cent to $7.18. On an overall strong day for the financial sector, three of the four major banks gained during Wednesday's trading. Commonwealth Bank shares finished 0.51 per cent higher trading at $173.30, Westpac shares gained 1.41 per cent to $33.11 and ANZ soared 2.52 per cent to $30.57. NAB slipped 0.05 per cent to $37.20. In company news, shares in Telix Pharmaceuticals plunged 15.13 per cent to $21.32 after it told the market it had received a subpoena from the US Securities and Exchange Commission for various documents primarily related to the company's disclosure regarding its prostate cancer therapy. Shares in Australia's top fuel retailer Ampol Limited rallied 3.27 per cent to $27.77 despite telling the market it forecasts weaker half yearly earnings on the back of sea-freight conditions impacting its supply chains. Iluka Resources jumped 4.05 per cent to $5.39 after the global critical minerals business after telling the market it achieved its full-year production guidance for Zircon by June 30. Sign in to access your portfolio
San Francisco Chronicle
29 minutes ago
- San Francisco Chronicle
Flurry of trade deals offers relief for some Asian countries, while others wait
BANGKOK (AP) — U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States. A deal with China is under negotiation, with U.S. Treasury Secretary Scott Bessent saying an Aug. 12 deadline might be postponed again to allow more time for talks. Steep tariffs on U.S. imports of steel and aluminum remain, however, and many other countries, including South Korea and Thailand, have yet to clinch agreements. Overall, economists say the tariffs inevitably will dent growth in Asia and the world. The deals reached so far, ahead of Trump's Aug. 1 deadline Trump and Japanese Prime Minister Shigeru Ishiba announced a deal Wednesday that will impose 15% tariffs on U.S. imports from Japan, down from Trump's proposed 25% 'reciprocal' tariffs. It was a huge relief for automakers like Toyota Motor Corp. and Honda, whose shares jumped by double digits in Tokyo. Trump also announced trade deals with the Philippines and Indonesia. After meeting with Philippine President Ferdinand Marcos, Jr., Trump said the import tax on products from his country would be subject to a 19% tariff, down just 1% from the earlier threat of a 20% tariff. Indonesia also will face a 19% tariff, down from the 32% rate Trump had recently said would apply, and it committed to eliminating nearly all of its trade barriers for imports of American goods. Earlier, Trump announced that Vietnam's exports would face a 20% tariff, with double that rate for goods transshipped from China, though there has been no formal announcement. Talks with China may be extended Negotiations with China are subject to an Aug. 12 deadline, but it's likely to be extended, Bessent told Fox Business on Tuesday. He said the two sides were due to hold another round of talks, this time in Sweden, early next week. Meanwhile, Trump said a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations. A preliminary agreement announced in June paved the way for China to lift some restrictions on its exports of rare earths, minerals critical for high technology and other manufacturing. In May, the U.S. agreed to drop Trump's 145% tariff rate on Chinese goods to 30% for 90 days, while China agreed to lower its 125% rate on U.S. goods to 10%. The reprieve allowed companies more time to rush to try to beat the potentially higher tariffs, giving a boost to Chinese exports and alleviating some of the pressure on its manufacturing sector. But prolonged uncertainty over what Trump might do has left companies wary about committing to further investment in China. No deals yet for South Korea and other Asian countries Pressure is mounting on some countries in Asia and elsewhere as the Aug. 1 deadline for striking deals approaches. Trump sent letters, posted on Truth Social, outlining higher tariffs some countries will face if they fail to reach agreements. He said they'd face even higher tariffs if they retaliate by raising their own import duties. South Korea's is set at 25%. Imports from Myanmar and Laos would be taxed at 40%, Cambodia and Thailand at 36%, Serbia and Bangladesh at 35%, South Africa and Bosnia and Herzegovina at 30% and Kazakhstan, Malaysia and Tunisia at 25%. The status of talks with India remains unclear but progress appears to hinge on the country's heavily protected farm sector. It faces a 26% tariff. Nearly every country has faced a minimum 10% levy on goods entering the U.S. since April, on top of other sectoral levies. Economists expect tariffs to sap growth even with trade deals Even after Trump has pulled back from the harshest of his threatened tariffs, the onslaught of uncertainty and higher costs for both manufacturers and consumers has raised risks for the regional and global economy. Economists have been downgrading their estimates for growth in 2025 and beyond. The Asian Development Bank said Wednesday it had cut its growth estimate for economies in developing Asia and the Pacific to 4.7% in 2025 and 4.6% in 2026, down 0.2 percentage points and 0.1 percentage points. The outlook for the region could be further dimmed by an escalation of tariffs and trade friction, it said. 'Other risks include conflicts and geopolitical tensions that could disrupt global supply chains and raise energy prices,' as well as a deterioration in China's ailing property market. Economists at AMRO were less optimistic, expecting growth for Southeast Asia and other major economies in Asia at 3.8% in 2025 and 3.6% next year. While countries in the region have moved to protect their economies from Trump's trade shock, they face significant uncertainties, said AMRO's chief economist, Dong He. 'Uneven progress in tariff negotiations and the potential expansion of tariffs to additional products could further disrupt trade activities and weigh on growth for the region,' he said.
San Francisco Chronicle
29 minutes ago
- San Francisco Chronicle
Asian markets gain, with Japan's Nikkei up 3.5%, lifted by deal on Trump's tariffs
TOKYO (AP) — Asian shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index up 3.5% after Japan and the U.S. announced a deal on President Donald Trump's tariffs. The agreement as announced calls for a 15% import duty on goods imported from Japan, apart from certain products such as steel and aluminum that are subject to much higher tariffs. That's down from the 25% Trump had said would kick in on Aug. 1 if a deal was not reached. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,' Trump posted on Truth Social, noting that Japan was also investing 'at my direction' $550 billion into the U.S. He said Japan would 'open' its economy to American autos and rice. Japan's benchmark Nikkei 225 gained 3.5% in afternoon trading to 41,171.32. Hong Kong's Hang Seng jumped 1.4% to 25,470.25, while the Shanghai Composite index was little changed, gaining less than 0.1% to 3,582.30. Australia's S&P/ASX 200 edged up 0.7% to 8,737.20 and the Kospi in South Korea edged 0.4% higher to 3,183.77. 'President Trump has signed two trade deals this week with the Philippines and Japan which is likely to keep market sentiment propped up despite deals with the likes of the EU and South Korea remaining elusive, for now at least,' Tim Waterer, chief market analyst at Kohle Capital Markets, said in a report. Japanese companies tend to be cautious about their public reactions, and some business officials have privately remarked in off-record comments that they hesitate to say anything because Trump keeps changing his mind. The Japan Automobile Manufacturers' Association also said it had no comment, noting there was no official statement yet. Japan's Prime Minister Shigeru Ishiba welcomed the agreement as beneficial to both sides. Toyota stock jumped 14% in Tokyo trading, while Honda was up nearly 11% and Nissan added 8%. In other sectors, Nippon Steel, which is acquiring U.S. Steel, rose 2.4% while video game maker and significant exporter Nintendo Co. added 0.7%. Sony Group surged 4.6%. Wall Street inched to another record on Tuesday following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much Trump's tariffs are hurting or helping them. The S&P 500 added 0.1% to the all-time high it had set the day before, closing at 6,309.62. The Dow Jones Industrial Average rose 0.4% to 44,502.44. The Nasdaq composite slipped 0.4% from its own record, to 20,892.68. So far, the U.S. economy seems to be powering through the uncertainty created by Trump's on-and-off tariffs. Many of Trump's proposed taxes on imports are currently on pause, and the next big deadline is Aug. 1. Talks are underway on possible trade deals with other countries that could lower the stiff proposals before they kick in. Trump said he reached a trade agreement with the Philippines following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. In the bond market, Treasury yields sank as traders continue to expect the Federal Reserve to wait until September at the earliest to resume cutting interest rates. The yield on the 10-year Treasury eased to 4.34% from 4.38% late Monday. In other dealings early Wednesday, U.S. benchmark crude oil gained 15 cents to $65.46 a barrel. Brent crude, the international standard added 16 cents to $68.74 a barrel.
