Latest news with #Trump45
Yahoo
09-04-2025
- Business
- Yahoo
Relief sweeps Capitol Hill after Trump's tariff U-turn
Republican lawmakers exhaled in relief Wednesday after President Donald Trump announced he was pausing most of his sweeping "reciprocal" tariffs for 90 days. While Trump left a lower, 10 percent global tariff in place and escalated his confrontation with China — upping those duties to 125 percent — Republicans were otherwise pleased with the apparent retreat a week after Trump's Rose Garden announcement threw the financial and political worlds into a frenzy. "I think jubilation is too strong a word, but ... it was positive," said Sen. John Cornyn of Texas, who described fellow senators checking in on the balances of their retirement account as stocks surged. "I think everybody can sort of identify with that going up." They were less pleased about how they learned the news. That would be from a Truth Social post — not from the two high-level administration officials, U.S. Trade Representative Jamieson Greer and Deputy Treasury Secretary Michael Faulkender, who were addressing separate groups of lawmakers on the Hill on Wednesday as the news broke. They showed no indication they knew the announcement was coming. Inside a Republican Study Committee lunch, Faulkender pushed House members to back the GOP budget plan set for a House vote Wednesday when news broke of the tariff pause. Members wanted to know more about the administration's end game, but he did not have answers, attendees said — nor did Greer, who was in front of the House Ways and Means Committee for his second straight day of congressional testimony. Greer, who spent Tuesday and Wednesday morning defending the tariff rollout and insisting the president shouldn't let the stock market drive his economic decisions, told the committee that he knew a pause on the tariffs was under discussion when he entered the hearing in the morning but that he only learned of the pause in real time. 'I understand it's 90 days, I haven't spoken to the president since I've been in this hearing,' Greer said. Lawmakers also appeared to have little insight into what, exactly, changed Trump's mind. Several lawmakers pointed to Trump, himself, saying he was ultimately responsible for setting the policy. Sen. Thom Tillis (R-N.C.) said he's been seeking information from the administration on who, ultimately, is helping to shape Trump's plan. For weeks, Republican senators have fretted about the tariffs, but few have offered any real pushback to the administration, instead holding out hope that Trump would eventually ramp down the pressure. Those lawmakers embraced Trump's announcement Wednesday afternoon. 'As he promised, he's going to use these tariffs to leverage good, strong trade agreements, just like he got finished before in Trump 45,' said Sen. Roger Marshall (R-Kan.). 'So I'm excited.' But while Trump hit pause on the highest tariff rates since the 1930s, import duties still remain far higher than when he took office. Along with the 10 percent global tariff and 125 percent tariff on China, Trump has maintained 25 percent tariffs on steel and aluminum and automobiles — and has promised future tariffs on pharmaceuticals and semiconductors. Tillis said Trump's move Wednesday was "smart because it eliminates some of the downside speculation right now." But, he added, "it doesn't eliminate any of the uncertainty unless you start seeing a deal float pretty quickly over the next couple of days with some of the major trading partners.' Sen. Rand Paul (R-Ky.), one of the most vocal opponents of tariffs in the Senate, was more blunt: '10 percent tariffs are bad, but they're better than 60 percent.' Two tariff-skeptical South Dakota Republicans did their best to present the U-turn as part of a coherent Trump administration policy that has otherwise escaped most observers. Rep. Dusty Johnson said he was "not opposed at all to using tariffs as a negotiating tool — seems like that's what the White House is doing." Added Senate Majority Leader John Thune: "I think they are checking it out and seeing what works and if they are kind of getting the response that they hope to get. I think it's a work in progress but it sounds like they are getting some good results." "Behold the 'Art of the Deal,'" Speaker Mike Johnson posted on X. Privately, though, others in GOP saw little method to the madness. 'What a shitshow," said a conservative House Republican granted anonymity to react candidly to the pause, "and after [Greer] just testified how we need the tariffs?' Samuel Benson contributed to this report. CORRECTION: A previous version of this report misidentified a senator commenting on Trump's tariff shift. It was Sen. Roger Marshall of Kansas.
Yahoo
25-03-2025
- Business
- Yahoo
Arvana Announces Pintocity Sponsorship of Range Day at Freedom Fest
LAS VEGAS, NEVADA / / March 25, 2025 / Arvana Inc. (OTC PINK:AVNI) announces that PintoCity, a subsidiary of Arvana, is sponsoring Range Day for celebrities attending Freedom Fest, June 10, 2025, in Palm Springs, CA. PintoCity is providing firearms, ammunition and range bosses for the shooting sport event. Attendees will have a blast! The Trump 45 pistol will be at Freedom Fest Range Day to shoot, courtesy of Brian Lovig, PintoCity CEO. The Trump 45 is unlike any collectable handgun ever produced. This made in America gun by Cabot Guns is a 24k gold finish with grips crafted from American holly. The trigger and front sight are hand crafted from Gibeon Meteorite. About Freedom Fest Freedom Fest takes place June 11 - 14, 2025 in Palm Springs, CA. It is a non-partisan, politically unaffiliated festival attracting the world's "largest gathering of free minds". The festival hosts a mix of 2,000 open-minded and inquisitive people that include business experts, politicians, entrepreneurs, influencers, artists and filmmakers, to name a few. About PintoCity PintoCity is a private company headquartered in Las Vegas, Nevada. With the empowerment of being a subsidiary of Arvana Inc., a public company (OTC PINK:AVNI), PintoCity is building a cutting-edge platform for specialty real estate and firearm themed centers. About Arvana Inc. Arvana (OTC PINK:AVNI) is a public company registered under the Securities & Exchange Act of 1934, as amended, that is quoted on the OTC Pink Sheets Current Information Alternative Reporting platform. Arvana Contact PintoCity Contact James Kim, Chief Executive Officer Brian Lovig, Chief Executive Officer Phone: +1 702 899 1072 Phone: +1 250 718 8105 Email: james@ Email: brian@ Website: Website Forward-Looking Statements Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulator legislation, and other circumstances that may cause actual results to be materially different from those expectations Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements contained in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K, Form 10-Q and Form 10-K, which may be viewed at SOURCE: Arvana, Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
25-03-2025
- Business
- Associated Press
Arvana Announces Pintocity Sponsorship of Range Day at Freedom Fest
LAS VEGAS, NEVADA / ACCESS Newswire / March 25, 2025 / Arvana Inc. (OTC PINK: AVNI) announces that PintoCity, a subsidiary of Arvana, is sponsoring Range Day for celebrities attending Freedom Fest, June 10, 2025, in Palm Springs, CA. PintoCity is providing firearms, ammunition and range bosses for the shooting sport event. Attendees will have a blast! The Trump 45 pistol will be at Freedom Fest Range Day to shoot, courtesy of Brian Lovig, PintoCity CEO. The Trump 45 is unlike any collectable handgun ever produced. This made in America gun by Cabot Guns is a 24k gold finish with grips crafted from American holly. The trigger and front sight are hand crafted from Gibeon Meteorite. About Freedom Fest Freedom Fest takes place June 11 - 14, 2025 in Palm Springs, CA. It is a non-partisan, politically unaffiliated festival attracting the world's 'largest gathering of free minds'. The festival hosts a mix of 2,000 open-minded and inquisitive people that include business experts, politicians, entrepreneurs, influencers, artists and filmmakers, to name a few. About PintoCity PintoCity is a private company headquartered in Las Vegas, Nevada. With the empowerment of being a subsidiary of Arvana Inc., a public company (OTC PINK:AVNI), PintoCity is building a cutting-edge platform for specialty real estate and firearm themed centers. About Arvana Inc. Arvana (OTC PINK:AVNI) is a public company registered under the Securities & Exchange Act of 1934, as amended, that is quoted on the OTC Pink Sheets Current Information Alternative Reporting platform. Forward-Looking Statements Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulator legislation, and other circumstances that may cause actual results to be materially different from those expectations Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements contained in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K, Form 10-Q and Form 10-K, which may be viewed at
Yahoo
20-03-2025
- Politics
- Yahoo
Border czar Tom Homan and DeSantis bash Congress during immigration roundtable
From left to right: New College of Florida President Richard Corcoran, Gov. Ron DeSantis, Border Czar Tom Homan, and Chad Wolf, former acting secretary of Homeland Security. The roundtable on immigration and national security took place at the New College Sarasota campus on March 20, 2025. (Screenshot from X livestream) Border czar Tom Homan and Gov. Ron DeSantis scolded the Republican-controlled Congress during a roundtable discussion Thursday, accusing lawmakers of failing to solidify President Donald Trump's sweeping executive orders on immigration. Following the start of Trump's second term, the governor has repeatedly bashed Congress. During the hour-long discussion at the New College of Florida in Sarasota, Homan, DeSantis, and Chad Wolf, former acting secretary of Homeland Security, spent several minutes criticizing the legislative branch, which Republicans control by a narrow majority. 'Let's not forget, under Trump One, Trump 45, you had the House and the Senate. They didn't help him,' Homan said. 'I'm not just talking about Democrats. … Bottom line is, now we have both again and, as Gov. DeSantis said, we're not getting what we need. So, they didn't learn a lesson from the first administration. I was hoping and praying they learned a lesson. Let's hope they come through.' The roundtable, which drew protests outside the campus' Sainer Pavilion, was part of the college's Socratic Stage Dialogue Series meant to provide a wide range of viewpoints, according to its website. Richard Corcoran, a former state House speaker hired by the DeSantis-appointed board of trustees as New College's president, moderated the discussion. How Trump carved a pathway for his mass deportations through executive orders DeSantis expressed skepticism that the U.S. Supreme Court would rule in favor of the Trump administration's attempt to get rid of birthright citizenship. The governor said some of the court's conservative justices are not reliable, calling out Chief Justice John Roberts and Associate Justice Amy Coney Barrett. Roberts issued a public statement Wednesday stating that impeaching judges was not an appropriate response to legal disagreements after Trump called for the impeachment of U.S. District Judge James Boasberg, who attempted to block the deportation of Venezuelan immigrants. 'I think the Supreme Court will tackle it. Look, I don't know that I would be heavily optimistic that they'll rule the right way,' DeSantis said. 'I think it's possible, but I think it's very much a jump ball.' Homan said he had the same fear as DeSantis regarding the court's decision. The Trump administration is asking the Supreme Court to limit the scope of the orders from federal judges in three states blocking the executive order ending birthright citizenship for people whose parents were not citizens or legal permanent residents. At the end of the discussion, DeSantis said he was working on a proposal to increase the immigration enforcement collaboration with the federal government. Florida state and local law enforcement have hundreds of agreements with U.S. Customs and Immigration Enforcement to deputize officers to question and detain people based on their immigration status. DeSantis has referred to those agreements as the maximum level of cooperation. 'I think they're this close to approving and letting us go out and do even more than we've already done over the first two months of the Trump administration,' DeSantis said. 'So we're looking forward to that love to be able to announce something soon.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
