LIVE: House rules committee debates Trump's ‘one big, beautiful' tax & spending bill
The US House Rules Committee held a hearing on May 21 to discuss President Donald Trump's major tax and spending proposal, the 'One Big Beautiful Bill Act. ' During the one-hour session, lawmakers debated the bill's implications for the economy, taxation, and federal spending priorities. Show more 05:54
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The Hindu
an hour ago
- The Hindu
Insular, paranoid: on Donald Trump, the U.S., legal migration
President Donald Trump's decision to ban citizens from 12 countries from entering the United States, citing national security concerns, is yet another attempt by his five-month-old administration to tear down legal migration. Mr. Trump's decision in 2017, during his first term, to ban citizens from seven Muslim-majority countries had triggered chaos and protests at America's airports, evoked criticism of the unstated racism and xenophobia, and led to legal challenges. This time, Mr. Trump has focused on mostly West Asia and Africa. Citizens from Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen would be banned, while people from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela will face restrictions. The ban applies only to people outside the U.S. but those with active visas who leave the country could face difficulty during re-entry. Mr. Trump argued that the ban, which came days after the arrest of an Egyptian man for carrying out an attack on a group honouring the Gaza hostages, would help prevent terrorist attacks and keep out those who overstay their visas. Egypt, a close American ally, and Spain, which saw 20,000 of its citizens overstay their visas in 2023, are not on the list, but Chad, whose visa overstay number is as low as 400, is. Since his swearing-in as the President, in January, for the second time, Mr. Trump has taken a series of measures to crack down on migration. He has suspended the asylum system at the southern border and ended temporary legal residency for Haitians, Venezuelans and Cubans. He has also removed the legal status of thousands of foreign students and instructed U.S. diplomatic missions to pause scheduling new visa interviews as his administration prepares to vet the social media handles of students and scholars. His policies targeting international students have already spread chaos and uncertainty across America's universities. Now, the outright ban on citizens from a group of countries reinforces the erosion of the self-image of the U.S. — 'the shining city on a hill' as Ronald Reagan once called it — as a pluralistic, open society. Mr. Trump's claim that immigrants bring crime into the U.S. is ill-founded. Many of the people seeking entry into the U.S., from countries that had seen American military intervention, such as Haiti and Afghanistan, are fleeing war, persecution and systemic violence. They are not national security threats but victims in search of refuge. By shutting America's doors on them, and immigrants in general, Mr. Trump is not making the U.S. safer. Rather, he is turning a country, which historically welcomed immigration and has benefited from it, into an insular, paranoid, self-doubting republic.
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First Post
an hour ago
- First Post
US suspends licenses to ship nuclear plant parts to China amid trade tensions
The United States has suspended licenses allowing companies to export nuclear power plant equipment to China. The move, taken by the US Department of Commerce, marks a sharp escalation in the ongoing trade and technology war between the two superpowers. read more The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China's power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war. The suspensions were issued by the U.S. Department of Commerce, the people said, and affect export licenses for parts and equipment used with nuclear power plants. Nuclear equipment suppliers are among a wide range of companies whose sales have been restricted over the past two weeks as the U.S.-China trade war shifted from negotiating tariffs to throttling each other's supply chains. It is unclear whether a Thursday call between U.S. President Donald Trump and Chinese President Xi Jinping would affect the suspensions. STORY CONTINUES BELOW THIS AD The U.S. and China agreed on May 12 to roll back triple digit, tit-for-tat tariffs for 90 days, but the truce between the two biggest economies quickly went south, with the U.S. claiming China reneged on terms related to rare earth elements, and China accusing the U.S. of 'abusing export control measures' by warning that using Huawei Ascend AI chips anywhere in the world violated U.S. export controls. After Thursday's call, further talks on key issues were expected. The U.S. Department of Commerce did not respond to a request for comment on the nuclear equipment restrictions. On May 28, a spokesperson said the department was reviewing exports of strategic significance to China. 'In some cases, Commerce has suspended existing export licenses or imposed additional license requirements while the review is pending,' the spokesperson said in a statement. The Chinese Embassy in Washington did not immediately respond to a request for comment. U.S. nuclear equipment suppliers include Westinghouse and Emerson. Westinghouse, whose technology is used in over 400 nuclear reactors around the world, and Emerson, which provides measurement and other tools for the nuclear industry, did not respond to requests for comment. The suspensions affect business worth hundreds of millions of dollars, two of the sources said. They also coincide with Chinese restrictions on critical metals threatening supply chains for manufacturers worldwide, especially America's Big Three automakers. Reuters could not determine whether the new restrictions were tied to the trade war, or if and how quickly they might be reinstated. Department of Commerce export licenses typically run for four years and include authorized quantities and values. STORY CONTINUES BELOW THIS AD But many new restrictions on exports to China have been imposed in the last two weeks, according to sources, and include license requirements for a hydraulic fluids supplier for sales to China. Other license suspensions went to GE Aerospace for jet engines for China's COMAC aircraft, sources said. The U.S. also now requires licenses to ship ethane to China, as Reuters reported first last week. Houston-based Enterprise Product Partners said Wednesday that its emergency requests to complete three proposed cargoes of ethane to China, totaling some 2.2 million barrels, had not been granted. Reuters could not determine whether the new restrictions were tied to the trade war, or if and how quickly they might be reinstated. Department of Commerce export licenses typically run for four years and include authorized quantities and values. But many new restrictions on exports to China have been imposed in the last two weeks, according to sources, and include license requirements for a hydraulic fluids supplier for sales to China. STORY CONTINUES BELOW THIS AD Other license suspensions went to GE Aerospace for jet engines for China's COMAC aircraft, sources said. The U.S. also now requires licenses to ship ethane to China, as Reuters reported first last week. Houston-based Enterprise Product Partners (EPD.N), opens new tab said Wednesday that its emergency requests to complete three proposed cargoes of ethane to China, totalling some 2.2 million barrels, had not been granted.
Time of India
an hour ago
- Time of India
China okays rare earth licences to suppliers of top three US auto companies
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel BEIJING/WASHINGTON: China has granted temporary export licenses to rare-earth suppliers of the top three US automakers, two sources familiar with the matter said, as supply chain disruptions begin to surface from Beijing's export curbs on those least some of the licenses are valid for six months, the two sources said, declining to be named because the information is not public. It was not immediately clear what quantity or items are covered by the approval or whether the move signals China is preparing to ease the rare-earths licensing process, which industry groups say is cumbersome and has created a supply bottleneck. China's decision in April to restrict exports of a wide range of rare earths and related magnets has tripped up the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with US President Donald Trump . China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those of three big US automakers, General Motors Ford and Jeep-maker Stellantis got clearance for some rare earth export licenses on Monday, one of the two sources and Ford each declined to comment. Stellantis said it is working with suppliers "to ensure an efficient licensing process" and that so far the company has been able to "address immediate production concerns without major disruptions."China's Ministry of Commerce did not immediately respond to a faxed request for comment. China's critical-mineral export controls have become a focus on Trump's criticism of Beijing, which he says has violated the truce reached last month to roll back tariffs and trade restrictions. On Thursday, Trump and Chinese President Xi Jinping had a lengthy phone call to iron out trade differences. Trump said in social-media post that "there should no longer be any questions respecting the complexity of Rare Earth products." Both sides said teams will meet again auto companies are already feeling the impact of the restrictions. Ford shut down production of its Explorer SUV at its Chicago plant for a week in May because of a rare-earth shortage, the company said.
