Latest news with #executiveOrder
Bloomberg
16-07-2025
- Politics
- Bloomberg
The Supreme Court Allowed Trump to Slash the Education Department. What Comes Next?
The Department of Education is facing a reckoning under US President Donald Trump. After calling it 'a bloated and radical bureaucracy' on the campaign trail, Trump took steps to dismantle the department within months of taking office. His administration slashed about half the staff and terminated billions of dollars in grants and contracts. The president then signed an executive order directing Education Secretary Linda McMahon to 'take all necessary steps to facilitate' the department's closure.
Auto Blog
10-07-2025
- Automotive
- Auto Blog
Trump's New Copper Tariff Could Add Thousands to Vehicle Prices
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Pres. Donald Trump has been fixated on tariffs, imposing an array of duties on all sorts of foreign-made goods, including steel and aluminum, as well as autos and auto parts. 'Today we're doing copper,' the president announced during a Tuesday cabinet meeting. Trump's signed executive order for a 25% auto tariff — Source: Getty And, just like those earlier tariffs, buyers could wind up shelling out hundreds – even thousands – of dollars more for new vehicles if he follows up on that threat. That's because the ductile metal is used in everything from wiring harnesses to power seat, window and mirror motors, as well as radios, alternators and cooling fans. Today's battery-electric vehicles, meanwhile, can be outfitted with several miles of copper wire. New Tariffs Since beginning his second term in January, Trump has announced a variety of different tariffs, though he has also paused some of them – on Monday delaying 'reciprocal' duties through August 1. But others are already in effect, notably tariffs of 25% on foreign-made autos and auto parts, and 50% on aluminum and steel. AlixPartners recently estimated these duties will drive up the cost of the typical vehicle sold in the U.S. by as much as $2,000. Even domestically made products are impacted since they all rely on at least some imported parts and metals. This has begun forcing buyers to rethink what vehicle to buy – and whether to switch from new to used. Aerial view of Audi dealership lot — Source:Trump said on Tuesday he will move soon on other sector-targeted tariffs, including 200% on pharmaceuticals. Copper will face duties of 50%. The impact of the latter move will be felt across the economy as copper is essential to virtually all electrical and electronic devices: fans, TVs, refrigerators, smartphones and, of course, automobiles. Copper is Everywhere Copper is a ubiquitous element in modern society, and much of it is imported – about $17 billion worth last year, according to the U.S. Commerce Department. While key exotic metals used in electronics — like molybdenum, tellurium, indium and tungsten – come from China, Chile is the largest supplier of copper, sending $6 billion of the stuff to the States in 2024. 2025 Hyundai Ioniq 6 — Source: Hyundai Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 'There's a couple hundred pounds of copper in the typical vehicle,' said Sam Abuelsamid, lead analyst with Telemetry Research. 'It's in wiring harnesses, of course, in connectors, batteries and alternators and there are motors everywhere.' That's all the more so with EVs. 'To put this into perspective, a typical electric vehicle battery pack (alone) can contain up to 220 pounds of copper,' according to ElectraMet, a company that provides recycle and recovery 'solutions' for metals and other materials. Prices Skyrocket 'I've been surprised it's taken this long to get the copper tariff,' Ed Mills, Washington policy analyst at Raymond James, said during an interview on CNN. He's not alone. Copper prices had already surged on the commodities markets this year by 38%, the president's Tuesday announcement causing a 15% jump by the end of the day. At one point, it hit a record $5.66 a pound before settling back to $5.48, according to tracking site Source: At that price, a 50% tariff would come to $2.74 a pound. And that's just for the raw metal. There's already a substantial markup for turning raw ore into usable metal, then into wires, connectors and other usable materials. The new tariff would add hundreds of dollars to the typical vehicle and possibly a thousand or more on electric vehicles with large battery packs, such as the Chevrolet Silverado EV pickup. With the Congressional budget plan passed last week eliminating the current tax credits for EV buyers, that could price many potential customers out of the market. But prices will go up even on vehicles using internal combustion engines, warned Abuelsamid, vehicles already hit by some of Trump's other tariffs. About the Author Paul Eisenstein View Profile
Daily Mail
09-07-2025
- Politics
- Daily Mail
BREAKING NEWS Donald Trump takes action against California after state refused to ban trans athletes from women's sports
The Trump administration is suing the California Department of Education after the state continued to allow transgender athletes to compete. The president signed an executive order in February 'keeping men out of women's sports' and banning trans athletes from competing in women's divisions. However, trans athletes have continued to compete in the state.
Washington Post
09-07-2025
- Business
- Washington Post
Trump's crackdown on renewable energy has just begun
President Donald Trump issued an executive order Monday evening ordering his administration to crack down on remaining loopholes allowing access to renewable energy tax breaks, after Congress voted last week to overwhelmingly roll back the subsidies.
Argaam
08-07-2025
- Business
- Argaam
Trump says ‘no extensions' to Aug. 1 tariff deadline
US President Donald Trump said he would not extend the latest Aug. 1 deadline for higher US tariffs to take effect on dozens of economies, Bloomberg reported. 'Tariffs will start being paid on Aug. 1, 2025. There has been no change to this date, and there will be no change,' Trump wrote on his Truth Social platform on Tuesday. 'In other words, all money will be due and payable starting Aug. 1, 2025 — No extensions will be granted.' This came after Trump signed off early this morning an executive order to extend the trade talks and deadline for the recently-imposed sweeping reciprocal tariffs until Aug. 1, instead of July 9. However, addressing reporters a day later, he signaled flexibility on this date should countries submit alternative proposals. Asked whether this was his final offer, Trump said, 'I would say firm, but not 100% firm. If they call up and they say we would like to do something a different way, we are going to be open to that."
