Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again | Trump administration
The stock markets have slipped in the middle of the confusion regarding the time – and at what level – new American rates would be applied, while Donald Trump’s self -imposed deadline on July 9 approached.
The United States is about to finalize several trade agreements in the coming days and will inform other countries of higher rate rate on Thursday, the president said the higher rates to take effect on August 1.
“President Trump will send letters to some of our business partners saying that if you do not move things, then on August 1, you will come back to the price of April 2,” said Treasury Secretary Scott Bessent to CNN.
Trump in April announced a basic rate rate of 10% on most countries and higher “reciprocal” rates of up to 50%. However, Trump also said that the withdrawals could vary from “perhaps 60% or 70% of tariffs to 10% and 20%”, which darkens the image more.
With very few real commercial transactions concluded, analysts had suspected that the date would be postponed, although it was still not clear if the new deadline applied to all trade partners or simply.
Trump and the American trade secretary say that the prices will come into force on August 1
Trump said on Sunday that his administration was planning to start sending American trade partners on Monday, dictating new prices to impose the goods they sell to the Americans. “It could be 12, perhaps 15 years,” the president told journalists, “and we have also concluded agreements, so we will have a combination of letters and certain offers have been concluded.”
Kevin Hassett, who heads the National Economic Council of the White House, told CBS that there could be room for countries engaged in serious negotiations. “There are deadlines, and there are things that are close, and therefore maybe things will reject the deadline,” said Hassett, adding that Trump would decide if it could happen.
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Trump says Musk is “out of rails” and calls for his new “ridiculous” political party
Donald Trump described Elon Musk’s decision to start and finance a new “ridiculous” American political party on Sunday. “Third parties have never worked, so he can have fun with it but I think it’s ridiculous,” the president told journalists who were traveling with him in the White House from his New Jersey Golf Club.
He then developed, in an article, in an article on his social media platform, Truth Social. “I am saddened to see Elon Musk go completely” out of the rails “, becoming essentially a wreck in the past five weeks,” wrote the president.
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Benjamin Netanyahu goes to Washington while the cease-fire talks reach the critical point
Trump said he thought that a release of hostages and a cease-fire contract could be concluded this week, which could lead to the release of “a lot of hostages”.
He spoke after Benjamin Netanyahu left Israel for talks in Washington, praising Trump’s return to the presidency.
“We have never had such a friend in the White House … We have already changed the face of the Middle East beyond recognition, and we have an opportunity and the ability to change it more and allow a great future for the State of Israel, the people of Israel and the whole Middle East,” the Israeli Prime Minister told journalists.
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Analysis: Maga Influencer and of national de facto security safety laura loomer holds the disproportionate balance on Trump
Laura Loomer became the most eminent Maga America influencer at the start of Trump’s second term.
At the beginning of April, Loomer, an online pro-Trump influencer, 32, widely considered as a right-wing conspiracy theorist, met Trump and gave him a list of names of people within the staff of the National Security Council who, according to her, were not faithful enough to Trump or at least had professional history that she considered suspect. Trump dismissed six staff members.
Later, National Security Advisor Mike Waltz, whom Loomer had criticized for his role in the scandal of signalgate cat leaks, was also ousted.
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The number of deaths in Texas increases while Trump refuses to say if he still plans to close the fema
Donald Trump announced on social networks that he had signed a federal emergency declaration that would release additional resources to support local efforts in research and rescue operations in Texas after fatal floods. Trump also published a letter indicating that federal efforts would be coordinated by Benjamin Abbott from Federal Emergency Management Agency (FEMA). In May, the acting administrator of this agency was dismissed after having declared to the Congress that he did not think it was “in the best interest of the American people to eliminate” Fema, which Trump had said that he planned to do.
Questioned on Sunday if he was still planning to eliminate FEMA, Trump told a journalist: “Well, Fema is something we can talk about later, but right now, they are busy working.”
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What happened to others today:
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David Smith asks if the expansion by Trump of presidential powers is preparing the way for future holders of oval offices?
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Adam Gabbatt writes that although Trump’s Mega-Bill has been widely criticized in the press, Fox News sees it differently.
Catch up? This is what happened on July 5.
