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Yahoo
2 days ago
- Politics
- Yahoo
CNN's Jennings congratulates Democrats for ‘getting rid of' Jean-Pierre
CNN conservative commentator Scott Jennings on Wednesday congratulated Democrats for 'getting rid of' former White House press secretary Karine Jean-Pierre after recently revealing her decision to become an independent. 'I'd like to congratulate Democrats for ridding yourselves of this untalented mediocrity,' Jennings said on CNN's 'The Arena with Kasie Hunt.' 'I mean, this is the most self-aggrandizing liar that has ever held this job.' 'The White House press secretary's a sacred position, and she stood up there for years and lied through her teeth to the American people,' he added. Jean-Pierre has a book coming out soon in which she pushes Americans to 'embrace life as independents.' The book, titled 'Independent: A Look Inside a Broken White House, Outside the Party Lines,' is set to be released in October and described as a 'groundbreaking, revelatory assessment of America's broken two-party system.' 'Jean-Pierre didn't come to her decision to be an independent lightly,' a publisher's description of the book reads. 'She takes us through the three weeks that led to Biden's abandoning his bid for a second term and the betrayal by the Democratic Party that led to his decision.' Jean-Pierre, the first Black and openly LGBTQ person to hold the role of press secretary, previously slammed members of her former party for pressuring former President Biden to leave the 2024 presidential race. 'I'd never seen a party do that in the way that they did, and it was hurtful and sad to see that happening, a firing squad around a person who I believe was a true patriot,' Jean-Pierre said in February. The Hill has reached out to Legacy Lit for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
2 days ago
- Politics
- The Hill
CNN's Jennings congratulates Democrats for ‘getting rid of' Jean-Pierre
CNN conservative commentator Scott Jennings on Wednesday congratulated Democrats for 'getting rid of' former White House press secretary Karine Jean-Pierre after recently revealing her decision to become an independent. 'I'd like to congratulate Democrats for ridding yourselves of this untalented mediocrity,' Jennings said on CNN's 'The Arena with Kasie Hunt.' 'I mean, this is the most self-aggrandizing liar that has ever held this job.' 'The White House press secretary's a sacred position, and she stood up there for years and lied through her teeth to the American people,' he added. Jean-Pierre has a book coming out soon in which she pushes Americans to 'embrace life as independents.' The book, titled 'Independent: A Look Inside a Broken White House, Outside the Party Lines,' is set to be released in October and described as a 'groundbreaking, revelatory assessment of America's broken two-party system.' 'Jean-Pierre didn't come to her decision to be an independent lightly,' a publisher's description of the book reads. 'She takes us through the three weeks that led to Biden's abandoning his bid for a second term and the betrayal by the Democratic Party that led to his decision.' Jean-Pierre, the first Black and openly LGBTQ person to hold the role of press secretary, previously slammed members of her former party for pressuring former President Biden to leave the 2024 presidential race. 'I'd never seen a party do that in the way that they did, and it was hurtful and sad to see that happening, a firing squad around a person who I believe was a true patriot,' Jean-Pierre said in February. The Hill has reached out to Legacy Lit for comment.
Yahoo
13-05-2025
- Business
- Yahoo
Larry Summers Says 'It's Very Clear' Who Blinked On U.S.-China Trade War
Larry Summers, who served as treasury secretary in former President Bill Clinton's administration, on Monday said it was President Donald Trump who caved in the U.S.-China trade war, while assessing how the new agreement informed his prediction on the probability of the U.S. entering a recession. The U.S. announced it reached an agreement with Beijing to reduce tariffs for now in an effort to deescalate the tension between the world's two biggest economies. In an interview with CNN's 'The Arena,' Summers said 'it's very clear' that Trump was the one to blink here. 'We had said that we were determined to impose these policies for an indefinite period,' Summers said. 'China didn't make any consequential or significant change in its policies.' As part of the deal, the U.S. will slash the additional import taxes it levied on Chinese imports last month to 30% from 145%. In exchange, China said it will reduce tariffs on U.S. imports to 10% from 125% for the next 90 days. Summers credited Treasury Secretary Scott Bessent, who led the delegation representing the U.S. in the Geneva talks with China, for reaching an agreement with Beijing under the circumstances. 'Look, sometimes it's good to blink when you make a mistake, it's usually best to correct it and retreat, even if it's a little bit embarrassing,' he said. The economist, though, conceded that while he was heartened to see the administration 'less committed to disastrous policies' than he originally feared, the U.S. has not fully averted the possibility of entering a recession. Summers now assessed the odds of a U.S. economic downturn to 'close to 50-50 ... but perhaps a little bit on the south side of 50-50.' Monday's deal was welcomed by the markets, prompting the U.S. dollar to jump. In a White House press conference, Trump told reporters he expects to possibly speak to Chinese President Xi Jinping by the end of the week. 'They were very happy to be able to do something with us,' he said. 'The relationship is very, very good.' For his part, Xi seemed to make a subtle reference to the U.S. in his first remarks since the trade war pause. 'There are no winners in tariff wars or trade wars,' he said, according to CNN. 'Bullying or hegemonism only leads to self-isolation.' Fox Business Correspondent Spots Why Trump Was 'Forced To Back Off' On China Tariffs Dow Leaps 1,100 Points And S&P 500 Rallies 3.3% Following 90-Day Truce In US-China Trade War
Yahoo
13-05-2025
- Business
- Yahoo
Larry Summers: No question Trump blinked on China tariffs
Former Treasury Department Secretary Larry Summers said Monday that there was no question that President Trump blinked when it came to the recent agreement on a 90-day pause between the United States and China on most tariffs imposed on each other since early last month. 'I think it's very clear that it's President Trump who blinked,' Summers told CNN's Kasie Hunt on 'The Arena.' 'We had said that we were determined to impose these policies for an indefinite period.' 'China didn't make any consequential or significant change in its policies,' he added. On Monday, China and the U.S. said they agreed to a 90-day pause on most tariffs imposed on each other beginning in early April. In a joint statement overnight, the two countries vowed to continue working in the direction of a lasting trade deal while bringing down tariffs for now. Due to the agreement, the U.S. dropped its tariff rate for Chinese imports to 30 percent from 145 percent, while China agreed to bring down its tariff rate to 10 percent from 125 percent. 'Now look, sometimes it's good to blink,' Summers told Hunt. 'When you make a mistake, it's usually best to correct it and retreat, even if it's a little bit embarrassing.' The Hill was directed to recent comments from press secretary Karoline Leavitt by the White House. 'This is an extraordinary first step in the right direction, and thanks to the strength of President Trump, Secretary Bessent and Ambassador Greer, we're able to cut this initial deal with China,' Leavitt said on Fox News's 'Fox & Friends.' U.S. Trade Representative Jamieson Greer and Treasury Department Secretary Scott Bessent unveiled the agreement at a news conference in Switzerland, following representatives from both countries meeting over the weekend for the first time since the trade war started. 'The consensus from both delegations this weekend is neither side wants a decoupling,' Bessent said, according to The Associated Press. 'And what had occurred with these very high tariffs … was an embargo, the equivalent of an embargo. And neither side wants that. We do want trade.' The Hill has reached out to the Treasury Department and Greer's office for comment. Updated at 8:16 p.m. EDT Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
12-05-2025
- Business
- The Hill
Larry Summers: No question Trump blinked on China tariffs
Former Treasury Secretary Larry Summers said Monday that there was no question that President Trump blinked when it came to the recent agreement on a 90-day pause between the United States and China on most retaliatory tariffs imposed on each other since early last month. 'I think it's very clear that it's President Trump who blinked,' Summers told CNN's Kasie Hunt on 'The Arena,' 'We had said that we were determined to impose these policies for an indefinite period.' 'China didn't make any consequential or significant change in its policies,' he added. On Monday, China and the U.S. said they had agreed to a 90-day pause on most retaliatory tariffs imposed on each other beginning in early April. In a joint statement overnight, the two countries vowed to continue working in the direction of a lasting trade deal while bringing down tariffs for now. Due to the agreement, the U.S. dropped its tariff rate for Chinese imports to 30 percent from 145 percent, while China agreed to bring down its tariff rate to 10 percent from 125 percent. 'Now look, sometimes it's good to blink,' Summers told Hunt. 'When you make a mistake, it's usually best to correct it and retreat, even if it's a little bit embarrassing.' U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent unveiled the agreement at a news conference in Switzerland, following representatives from both countries meeting over the weekend for the first time since the trade war started. 'The consensus from both delegations this weekend is neither side wants a decoupling,' Bessent said, according to The Associated Press. 'And what had occurred with these very high tariff … was an embargo, the equivalent of an embargo. And neither side wants that. We do want trade.' The Hill has reached out to the Treasury Department, Greer's office and the White House for comment.
