Trump

President Donald Trump says China ‘violated’ U.S. trade agreement

1 of 6 | White House Deputy Chief of Staff Stephen Miller speaks to reporters outside the White House in Washington, D.C., on Friday as he he explained how China had violated a trade agreement with the United States. Photo by Francis Chung/UPI | License Photo

May 30 (UPI) — President Donald Trump on Friday accused China of violating a trade agreement with the United States.

“I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!!,” Trump wrote on Truth Social.

“The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!”

The president did not specify which trade agreement China was violating.

Just over two weeks ago, the United States and China reached a deal to pause tariffs between the countries for 90 days. China also reduced tariffs on American goods to 10%, down from 125%, while American officials cut tariffs on Chinese goods from 145% to 30% as part of the deal.

Trump in early April announced he would enact tariffs on several countries worldwide. He later upped the number to 145% on China after that country responded to the initial levy with duties of its own on U.S. goods.

China later said it could punish other countries that side with the United States in the trade war.

Earlier this week a federal appeals court blocked the Trump administration from enacting the tariffs on most American trading partners.

“President Trump is carrying out the long-overdue work of rebalancing the global economy to the benefit of the American people,” Treasury Secretary Scott Bessent said on X Thursday.

“I am confident that the Chinese, and the rest of our trading partners, will come to the table thanks to his leadership.”

Bessent also called trade talks in general with China “a bit stalled.”

At the time the agreement was reached in Geneva, Switzerland, Bessent said the two sides engaged in “very robust discussions.”

Bessent and U.S. Trade Representative Jamieson Greer led the American delegation during discussions.

The “United States did exactly what it was supposed to do, and the Chinese are slow rolling their compliance,” Greer told CNBC in an interview Friday.

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Trump fires Smithsonian National Portrait Gallery Chief Kim Sajet

President Donald Trump announced Friday that he is firing Kim Sajet, the longtime director of the Smithsonian’s National Portrait Gallery, for being “a highly partisan person, and a strong supporter of DEI.”

The announcement, made on Truth Social, comes as Trump pushes to remake some of the highest profile national arts institutions so they align with his political agenda. In February, he dismissed much of the Kennedy Center board in order to have himself appointed chairman. In March, he targeted the Smithsonian Institution by issuing an executive order demanding an end to federal funding for exhibitions and programs based on racial themes that “divide Americans.”

The National Portrait Gallery did not immediately respond to a request for comment Friday. It is unclear, as with many of Trump’s social media decrees, if the organization was expecting the latest action.

Sajet was appointed director in 2013 by Wayne Clough, then the secretary of the Smithsonian. Sajet, the first woman to serve in the role, had come from the Historical Society of Pennsylvania, where she was president and chief executive. Sajet, a Dutch national, was born in Nigeria and raised in Australia.

In his Truth Social post, Trump said he was terminating Sajet “upon the request and recommendation of many people.” He said her support of diversity and inclusion was “totally inappropriate for her position.” He promised to name her replacement soon.

The National Portrait Gallery was founded by Congress in 1962 and houses more than 26,000 objects, including portraits of all the nation’s presidents. It shares a building with the Smithsonian American Art Museum and attracts about 1 million visitors a year.

The gallery contains a photo portrait of Trump taken in 2017 by Matt McClain, with a caption that reads, in part, “Impeached twice, on charges of abuse of power and incitement of insurrection after supporters attacked the U.S. Capitol on January 6, 2021, he was acquitted by the Senate in both trials. After losing to Joe Biden in 2020, Trump mounted a historic comeback in the 2024 election. He is the only president aside from Grover Cleveland (1837-1908) to have won a nonconsecutive second term.”

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Trump says China ‘violated’ Geneva deal with US on tariffs, minerals | Donald Trump News

United States President Donald Trump has accused China of violating an agreement to mutually roll back tariffs and trade restrictions for critical minerals, as he suggested China was in “grave economic danger” until he agreed to cut a deal earlier this month.

Posting on his Truth Social platform on Friday evening, Trump said he made a “fast deal” with China for both countries to back away from triple-digit tariffs for 90 days to “save” Beijing from a “very bad situation”.

The US leader said his tariffs of up to 145 percent on Chinese imports had made it “virtually impossible” for China to trade with the US market, resulting in closed factories and “civil unrest” in the country.

“China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” Trump added.

Trump did not specify in his post how China had violated the agreement – made following trade talks in Geneva, Switzerland, in mid-May – or what action he planned to take at their alleged failure to comply with its terms.

Asked by reporters about the China deal later on Friday in the Oval Office, Trump said: “I’m sure that I’ll speak to [China’s] President Xi [Jinping], and hopefully we’ll work that out.”

Trump’s deputy chief of staff, Stephen Miller, told reporters that China’s failure to fulfil its obligations “opens up all manner of action for the United States to ensure future compliance”.

Miller added that Trump hoped China would open up to American business in a similar manner to the way the US has been open to Chinese business “for a very long time now”.

China’s embassy in Washington said Beijing has maintained communication with its US counterparts since the Geneva talks, but said they had concerns about recently imposed US export controls.

“China has repeatedly raised concerns with the US regarding its abuse of export control measures in the semiconductor sector and other related practices,” embassy spokesperson Liu Pengyu said in a statement.

“China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva,” Liu added.

Broken promises

Earlier this week, media reports suggested the Trump administration had ordered US firms offering software used to design semiconductors to stop selling their services to Chinese groups.

On Wednesday, a spokesperson for the US Department of Commerce confirmed that it was reviewing exports of strategic significance to China, and “in some cases … suspended existing export licences or imposed additional licence requirements while the review is pending”.

On Friday, shortly after lamenting China’s lack of compliance with the Geneva agreement, President Trump also announced plans to increase tariffs on foreign imports of steel from 25 percent to 50 percent on June 4.

The agreement two weeks ago dialling back tariffs for 90 days prompted a massive rally in global stocks, as it effectively lowered the US tariff rate on Chinese goods to the mid-teens from about 25 percent in early April.

As part of the deal, China also agreed to lift trade countermeasures restricting exports of critical metals needed for production by US semiconductors, electronics and defence industries.

But Trump administration officials have publicly stated that China has been slow to adhere to their Geneva commitments and have so far failed to comply.

 

The Reuters news agency also reported on Friday that global auto executives are sounding the alarm on a looming shortage of rare-earth magnets from China that could force car factories to close within weeks.

“Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical automotive components, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, motors, power steering, and cameras,” the Alliance for Automotive Innovation said in a letter to the Trump administration.

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Trump says US will lift steel tariffs to 50 percent at Pennsylvania rally | Donald Trump News

United States President Donald Trump has announced his administration is raising tariffs on steel imports from 25 percent to 50 percent.

Speaking to steelworkers and supporters at a rally outside Pittsburgh, Pennsylvania, Trump framed his latest tariff increase as a boon to the domestic manufacturing industry.

“We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States,” Trump told the crowd. “Nobody’s going to get around that.”

How that tariff increase would affect the free-trade deal with Canada and Mexico – or a separate trade deal struck earlier this month with the United Kingdom – remains unclear.

Also left ambiguous was the nature of a deal struck between Nippon Steel, the largest steel producer in Japan, and the domestic company US Steel. Still, Trump played up the partnership between the two companies as a “blockbuster agreement”.

“ There’s never been a $14bn investment in the history of the steel industry in the United States of America,” Trump said of the deal.

A tariff hike on steel

Friday’s rally was a return to the site of many election-season campaign events for Trump and his team.

In 2024, Trump hinged his pitch for re-election on an appeal to working-class voters, including those in the Rust Belt region, a manufacturing hub that has declined in the face of the shifting industry trends and greater overseas competition.

Key swing states like Pennsylvania and Michigan are located in the region, and they leaned Republican on election day, helping to propel Trump to a second term as president.

Trump, in turn, has framed his “America First” agenda as a policy platform designed to bolster the domestic manufacturing industry. Tariffs and other protectionist policies have played a prominent part in that agenda.

In March, for instance, Trump announced an initial slate of 25-percent tariffs on steel and aluminium, causing major trading partners like Canada to respond with retaliatory measures.

The following month, he also imposed a blanket 10-percent tariff on nearly all trade partners as well as higher country-specific import taxes. Those were quickly paused amid economic shockwaves and widespread criticism, while the 10-percent tariff remained in place.

Trump has argued that the tariffs are a vital negotiating tool to encourage greater investment in the US economy.

But economists have warned that attempting a “hard reset” of the global economy – through dramatic tax hikes like tariffs – will likely blow back on US consumers, raising prices.

Rachel Ziemba, a senior fellow at the Center for a New American Security, said the latest tariff hike on steel also signals that negotiating trade deals with Trump may result in “limited benefits”, given the sudden shifts in his policies.

Further, Friday’s announcement signals that Trump is likely to continue doubling down on tariffs, she said.

“The challenge is that hiking the steel tariffs may be good for steel workers, but it is bad for manufacturing and the energy sector, among others. So overall, it is not great for the US economy and adds uncertainty to the macro outlook,” Ziemba explained.

Trump’s tariff policies have also faced legal challenges in the US, where businesses, interest groups and states have all filed lawsuits to stop the tax hikes on imports.

On Thursday, for instance, a federal court briefly ruled that Trump had illegally exercised emergency powers to impose his sweeping slate of international tariffs, only for an appeals court to temporarily pause that ruling a few hours later.

A deal with Nippon Steel

Before the tariff hike was announced, Friday’s rally in Pittsburgh was expected to focus on Nippon Steel’s proposed acquisition of US Steel, the second largest steel producer in the country.

“We’re here today to celebrate a blockbuster agreement that will ensure this storied American company stays an American company,” Trump said at the outset of his speech.

But the merger between Nippon Steel and US Steel had been controversial, and it was largely opposed by labour unions.

Upon returning to the White House in January, Trump initially said he would block the acquisition, mirroring a similar position taken by his predecessor, former US President Joe Biden.

However, he has since pivoted his stance and backed the deal. Last week, he announced an agreement that he said would grant Nippon only “partial ownership” over US Steel.

Speaking on Friday, Trump said the new deal would include Nippon making a “$14bn commitment to the future” of US Steel, although he did not provide details about how the ownership agreement would play out.

“Oh, you’re gonna be happy,” Trump told the crowd of steelworkers. “There’s a lot of money coming your way.”

The Republican leader also waxed poetic about the history of steel in the US, describing it as the backbone of the country’s economy.

“The city of Pittsburgh used to produce more steel than most entire countries could produce, and it wasn’t even close,” he said, adding: “If you don’t have steel, you don’t have a country.”

For its part, US Steel has not publicly communicated any details of a revamped deal to investors. Nippon, meanwhile, issued a statement approving the proposed “partnership”, but it also has not disclosed terms of the arrangement.

The acquisition has split union workers, although the national United Steelworkers Union has been one of its leading opponents.

In a statement prior to the rally, the union questioned whether the new arrangement makes “any meaningful change” from the initial proposal.

“Nippon has maintained consistently that it would only invest in US Steel’s facilities if it owned the company outright,” the union said in a statement, which noted firmer details had not yet been released.

“We’ve seen nothing in the reporting over the past few days suggesting that Nippon has walked back from this position.”

The rally on Friday comes as Trump has sought to reassure his base of voters following a tumultuous start to his second term.

Critics point out that steel prices have risen in the US by roughly 16 percent since Trump took office, and his Republican Party faces potentially punishing congressional elections in 2026.

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Trump announces 50% tariffs on foreign steel in rally at U.S. Steel in Pittsburgh

May 30 (UPI) — President Donald on Friday announced a 50% tariff on steel made outside the United States as he touted a partnership between Japan’s Nippon Steel Corporation and the United States Steel Corporation during a rally near Pittsburgh.

Calling it the “heart of U.S. Steel,” Trump spoke at the company’s headquarters in Allegany County. The indoor rally began around 5:30 p.m. and ended one hour later.

Steelworkers wearing hard hats sat behind him, with some called to the podium to praise the deal and Trump.

During the appearance, he announced the tariff change.

“We are going to be imposing a 25% increase, we’re going to bring it from 25% to 50% the tariffs on steel into the United States of America,” the president said to cheers.

On Feb. 11, Trump restored a 25% tariff on steel and increased the aluminum tariff from 10% to 25%.

Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine and Britain had received exemptions, “which prevented the tariffs from being effective,” according to the order.

He touted the efforts of Treasury Secretary Scott Bessett and Commerce Secretary Howard Lutnick, who were on hand.

One week ago, Trump announced a “planned partnership between the two steel giants, promising the U.S. Steel headquarters would remain on American soil rather than shift to Japan.

Trump said the deal includes “vital protections to ensure that all steelworkers will keep their jobs and all facilities in the United States will remain open and thriving.”

Writing on Truth Social, Trump said the new tariffs will take effect June 4.

Also, he said U.S. Steel would also keep all of its blast furnace facilities at full capacity for at least the next decade and vowed that there would be “no layoffs and no outsourcing whatsoever.”

Trump, who opposed the acquisition during the 2024 campaign, is now touting the $14 billion investment that the president said would create at least 70,000 jobs.

“You’re going to be very happy,” Trump said Friday. “There’s a lot of money coming your way.”

Every U.S. steelworker would be receiving a $5,000 bonus, he said.

At one time, U.S. Steel dominated production worldwide, but over the years it has “melted away just like butter melts away” as China mainly poured what he said was “garbage steel” into the country.

“If you don’t have steel, you don’t have a country,” Trump said in citing national security.

U.S. Steel, which was founded in 1901, has about 22,000 employees with revenue of $15.6 billion in 2024. Nippon, which traces its roots to Japan Iron & Steel Co. in 1934, has about 113,640 workers with revenue of $43 billion in 2019.

This week, CNBC reported Tokyo-based Nippon Steel will pay $55 per share to acquire U.S. Steel, citing sources familiar with the deal.

Pittsburgh-based U.S. Steel shares rose $0.59 or 1.11% to $53.82 at the close of the U.S. Stock Exchange on Friday afternoon.

The two steel companies were working on a deal before Trump took office on Jan. 20.

Days before leaving office in January, former President Joe Biden blocked Nippon Steel’s proposed $14.1 billion acquisition of U.S. Steel.

Biden cited national security concerns when rejecting the deal involving the second-largest American steel producer and Japan’s largest.

Both firms later filed separate federal lawsuits in the District of Columbia and in Pennsylvania to move the deal ahead, citing “unlawful political influences.”

In April, Trump issued an executive order directing a review of the acquisition by the Committee on Foreign Investment in the United States, a branch of the U.S. Department of the Treasury. U.S. Steel stock surged at the time, climbing more than 10% in a single day.

The president has said the deal will have a major positive economic effect.

The deal “will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy. The bulk of that Investment will occur in the next 14 months,” Trump said on Truth Social last week.

He also teased Friday’s rally at U.S. Steel’s Irvin Works factory.

“President Trump is a bold leader and businessman who knows how to get the best deal for America, American workers and American manufacturing,” Trump said in a statement to The Hill on Friday.

“U.S. Steel greatly appreciates President Trump’s leadership and personal attention to the futures of thousands of steelworkers and our iconic company.”

Trump touted other companies increasing production in the United States.

During his speech, sometimes ad-libbed, he ventured into other areas, noting undocumented immigrants coming into the nation in “open borders.” He also bragged about winning all the battleground states during the 2024 election, including Pennsylvania.

He blasted Biden and called Democrats “lunatics.”

He voiced his support for the U.S. budget bill, which is moving through Congress, including extension of the 2017 tax cuts, no taxes on tips or overtime, deductions on loan interest for U.S.-made cars and permanent extension of the $2,000 per child credit. He didn’t mention Medicaid cuts and other program reductions.

Former Steelers running back Rocky Bleier presented Trump with a Steelers 47 jersey as two current players also were called up to speak: quarterback Mason Rudolph and safety Miles Killbrew.

The rally was about 35 miles south of Butler, where he survived an assassination attempt on July 13, two days before the National Republican Convention in Milwaukee, Wis.

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PBS sues Trump for stripping its funds | Business and Economy News

The lawsuit came three days after a similar case by NPR, which also saw its funds cut.

PBS has filed a lawsuit against United States President Donald Trump and other administration officials to block his order stripping federal funding from the 330-station public television system, three days after NPR did the same for its radio network.

In its lawsuit filed on Friday, PBS relied on similar arguments, saying Trump was overstepping his authority and engaging in “viewpoint discrimination” because of his claim that PBS’s news coverage is biassed against conservatives.

“PBS disputes those charged assertions in the strongest possible terms,” lawyer Z W Julius Chen wrote in the suit, filed in US District Court in Washington, DC. “But regardless of any policy disagreements over the role of public television, our Constitution and laws forbid the President from serving as the arbiter of the content of PBS’s programming, including by attempting to defund PBS.”

It was the latest of many legal actions taken against the administration for its moves, including several by media organisations impacted by Trump’s orders.

PBS was joined as a plaintiff by one of its stations, Lakeland PBS, which serves rural areas in northern and central Minnesota. Trump’s order is an “existential threat” to the station, the lawsuit said.

A PBS spokesman said that “after careful deliberation, PBS reached the conclusion that it was necessary to take legal action to safeguard public television’s editorial independence, and to protect the autonomy of PBS member stations”.

‘Lawful authority’

Through an executive order earlier this month, Trump told the Corporation for Public Broadcasting and federal agencies to stop funding the two systems. Through the corporation alone, PBS is receiving $325m this year, most of which goes directly to individual stations.

The White House deputy press secretary, Harrison Fields, said the Corporation for Public Broadcasting is creating media to support a particular political party on the taxpayers’ dime.

“Therefore, the President is exercising his lawful authority to limit funding to NPR and PBS,” Fields said. “The President was elected with a mandate to ensure efficient use of taxpayer dollars, and he will continue to use his lawful authority to achieve that objective.”

PBS, which makes much of the programming used by the stations, said it gets 22 percent of its revenue directly from the feds. Sixty-one percent of PBS’s budget is funded through individual station dues, and the stations raise the bulk of that money through the government.

Interrupting ‘a rich tapestry of programming’

Trump’s order “would have profound impacts on the ability of PBS and PBS member stations to provide a rich tapestry of programming to all Americans”, Chen wrote.

PBS said the US Department of Education has cancelled a $78m grant to the system for educational programming, used to make children’s shows like Sesame Street, Clifford the Big Red Dog and Reading Rainbow.

For Minnesota residents, the order threatens the Lakeland Learns education programme and Lakeland News, described in the lawsuit as the only television programme in the region providing local news, weather and sports.

Besides Trump, the lawsuit names other administration officials as defendants, including Education Secretary Linda McMahon, Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem. PBS says its technology is used as a backup for the nationwide wireless emergency alert system.

The administration has fought with several media organisations. Government-run news services like Voice of America and Radio Free Europe/Radio Liberty are struggling for their lives. The Associated Press has battled with the White House over press access, and the Federal Communications Commission is investigating television news divisions.

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California contests Trump administration claim that the state obstructs immigration law

Gov. Gavin Newsom’s office sent a letter on Friday requesting that the Trump administration remove California from its list of sanctuary jurisdictions that obstruct the enforcement of federal immigration law.

The Department of Homeland Security issued the list this week in accordance with an executive order President Trump signed in April that directs federal agencies to identify funding to sanctuary cities, counties and states that could be suspended or terminated.

In the letter, Newsom’s office contended that federal court rulings have rejected the argument that California law limiting law enforcement coordination with immigration authorities “unlawfully obstructs the enforcement of federal immigration laws.”

“This list is another gimmick — even the Trump Administration has admitted California law doesn’t block the federal government from doing its job,” Newsom said in a statement. “Most immigrants are hardworking taxpayers and part of American families. When they feel safe reporting crimes, we’re all safer.”

California is among more than a half-dozen states that were included on the list for self-identifying as sanctuaries for undocumented immigrants. Forty-eight California counties and dozens of cities, including Los Angeles, Long Beach, San Diego and San Francisco, were also on the Trump administration’s list of more than 500 total jurisdictions nationwide.

The state strengthened its sanctuary policies under a law signed by former Gov. Jerry Brown that took effect 2018 after Trump won office the first time. Then, state officials tried to strike a balance between preventing local law enforcement resources from being used to round up otherwise law-abiding immigrants without obstructing the ability of the federal government to enforce its laws within the state.

Local police, for example, cannot arrest someone on a deportation order alone or hold someone for extra time to transfer to immigration authorities. But state law does permit local governments to cooperate with U.S. Immigration and Customs Enforcement to transfer people to federal custody if they have been convicted of a felony or certain misdemeanors within a given time frame. The limitations do not apply to state prison officials, who can coordinate with federal authorities.

The law has been a thorn in the side of the Trump administration’s campaign to ramp up deportations, which the president has cast as an effort to rid the country of criminals despite also targeting immigrants with no prior convictions.

In a release announcing the list, DHS Secretary Kristi Noem said politicians in sanctuary communities are “endangering Americans and our law enforcement in order to protect violent criminal illegal aliens.”

“We are exposing these sanctuary politicians who harbor criminal illegal aliens and defy federal law,” Noem said. “President Trump and I will always put the safety of the American people first. Sanctuary politicians are on notice: comply with federal law.”

The Trump administration’s assertion that California’s sanctuary policies protect criminals from deportation appears to irk Newsom, who has repeatedly denied the allegation. Trump’s threat to withhold federal dollars could also pose a challenge for a governor proposing billions in cuts to state programs to offset a state budget deficit for the year ahead.

Homeland Security said jurisdictions will receive a formal notice of non-compliance with federal law and demand that cities, counties and states immediately revise their policies.

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Trump lauds Musk as special adviser in farewell Oval Office appearance

May 30 (UPI) — President Donald Trump bid multi-billionaire Elon Musk farewell from his role as a senior adviser tasked with shrinking the government through program cuts and worker departures.

Musk, dressed in all black in a T-shirt, jacket, DOGE baseball cap and pants, appeared with Trump in the White House’s Oval Office, 130 days after beginning as a special government employee, including running the Department of Government Efficiency.

“Today, it’s about a man named Elon, and he’s one of the greatest business leaders and innovators the world has ever produced,” Trump told reporters about Musk, who is worth $421.2 billion, according to Forbes. “He stepped forward to put his very great talents into the service of our nation, and we appreciate it.”

Then, a video by CNBC’s Joe Kernan and Rick Santelli was shown that praises the Trump administration.

Musk claims to have identified more than $160 billion in federal spending cuts since Trump entered office on Jan. 20. That includes 56,000 employees terminated and 34 taking buyouts. There are plans to dissolve the Department of Education and cut health programs despite Department of Health and Human Services Secretary Robert F. Kennedy‘s goal to Make Amerca Healthy Again. The Department of Defense and Homeland Security aren’t facing as severe cuts.

Musk initially predicted he could cut $2 trillion from the nation’s roughly $6.8 trillion federal budget. Despite the much lower number, Musk said he believes the savings will reach $1 trillion.

“It’s just a lot of work going through the vast expenses of the federal government and just really asking questions,” Trump said.

Musk said the president wants him to still help out.

“Elon is really not leaving,” Trump said. “He’s going to be back and forth. It’s his baby.”

Musk, who personally spent $277 million to bring Trump back to the White House, announced his departure Wednesday on X, saying the DOGE “mission will only strengthen over time as it becomes a way of life throughout the government.”

During the public appearance with Trump, Musk said: “This is not the end, but the beginning. My role as a government employee has to end. It comes with a time limit.”

Musk said he will remain as an informal adviser and make trips to the White House. Plans are for him to maintain an office in the White House.

“The DOGE team is doing an incredible job and will continue to do an incredible job,” he said, noting most of the 100 workers will remain in government. “I look forward to being back in this room. Isn’t it incredible? “

He said loved the “gold in the ceiling” of the Oval Office.

Musk was presented with a special symbolic gold key to the White House.

Musk plans to focus more on his businesses: Tesla, SpaceX and artificial intelligence startup xAI, which now includes X.

Musk told reporters last week that he had worked in Washington, D.C., on his DOGE initiative “seven days a week, or close to seven days a week” during Trump’s first 100 days in office. He frequently traveled on Air Force One with Trump to the president’s Mar-a-Lago estate in Palm Beach, Fla., and recently to the Middle East.

This has meant less attention to his companies, including publicly held Tesla, the company that makes electric vehicles, solar panels/shingles and energy storage devices.

He said his efforts have been far more challenging than expected and DOGE had become “the whipping boy for everything.”

He also became at odds with Trump on Trump’s sweeping tax and spending cuts package going through Congress.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk told CBS Sunday Morning. “I think a bill can be big or it can be beautiful, but I don’t know if it can be both.”

Later Friday Trump was to head to Pittsburgh to praise a partnership between iconic U.S. Steel and its Japanese rival, Nippon Steel.

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‘Not really leaving’: Trump bids goodbye to Elon Musk at White House event | Donald Trump News

United States President Donald Trump has bid goodbye to Elon Musk at a White House event marking the billionaire’s departure from his role in government.

Speaking from the Oval Office on Friday, Trump showered Musk with praise for his work as the head of the Department of Government Efficiency (DOGE), an initiative to reduce federal bureaucracy and spending.

“ I just want to say that Elon has worked tirelessly helping lead the most sweeping and consequential government reform programme in generations,” Trump said.

He credited Musk with delivering “a colossal change in the old ways of doing business in Washington” and called Musk’s service “without comparison in modern history”.

Still, the president also assured reporters that DOGE would continue its work even after Musk is gone.

“With Elon’s guidance, [DOGE is] helping to detect fraud, slash waste and modernise broken and outdated systems,” Trump said.

The joint appearance comes as the two men seek to downplay reports of a growing rift, particularly after Musk criticised Trump’s signature budget bill on CBS News. It also coincides with the publication of a New York Times report alleging that Musk has struggled with increasing drug use and personal turmoil behind the scenes.

Musk declined to comment on the Times report during his Oval Office appearance. He also avoided remarking on speculation that his departure was connected to tumbling sales at his car company, Tesla.

Instead, he pointed out that, as a special government employee, he cannot work in the Trump administration for a period exceeding 130 days without facing stricter disclosure and ethics requirements.

He also focused on promoting his work with DOGE and criticising those on the political left who would impede Trump’s agenda.

“This is not the end of DOGE, but really at the beginning,” Musk said, clad in a black T-shirt emblazoned with the phrase “The Dogefather”, written in the style of the gangster film The Godfather. “The DOGE team will only grow stronger over time.”

Trump, meanwhile, emphasised that his relationship with the billionaire – a prominent backer of his 2024 re-election campaign – would continue.

“Elon’s really not leaving. He’s going to be back and forth, I think,” Trump said.

Unclear accounting

Despite White House claims about its efficacy, the extent of DOGE’s cost-savings has remained foggy.

As of Friday, the panel claimed it had achieved an estimated $175bn in savings, made up of “asset sales, contract/lease cancellations and renegotiations, fraud and improper payment deletion, grant cancellations, interest savings, programmatic changes, regulatory savings, and workforce reductions”.

But DOGE’s transparency and methodology have been repeatedly questioned. The only accounting made available to the public adds up to less than half of the claimed figure.

An analysis published on Friday by the news agency Reuters also suggests the actual sum is much lower. Using US Treasury summaries, Reuters found that only $19bn in federal spending had been cut, though it noted that some savings may require more time to be reflected in the Treasury Department’s data.

Regardless, all of those figures fall far short of the goal of $2 trillion saved that Musk initially set out to achieve.

When asked about the discrepancy on Friday, Musk maintained that $1 trillion in savings remained a long-term goal.

“I’m confident that over time, we’ll see a trillion dollars of savings, a reduction – a trillion dollars of waste and fraud reduction,” he said.

But critics have questioned if DOGE will continue with the same verve following Musk’s departure.

Musk and DOGE have long been lightning rods for public criticism, as they implemented sweeping changes to the federal government. Since Trump started his second term as president in January, organisations like the US Agency for International Development (USAID) have seen their funding cut and their staffing slashed.

As a result, employees, contractors, labour groups and state officials have sued to block DOGE’s efforts, with varying levels of success.

Behind the scenes, there have also been reports that Musk clashed with members of Trump’s cabinet, who may seek relief from cuts to their departments after Musk’s exit.

Musk’s foray into government has caused blowback for his companies as well, with protests at Tesla dealerships spreading across the country. Profits plunged 71 percent at Tesla in the first three months of the year, with shareholders calling for Musk to return to work.

When asked by a reporter if Musk’s time in government was “worth it”, he was circumspect. He explained that he felt DOGE had become seen as a “boogeyman”, blamed for any effort to overhaul the federal government.

But he reaffirmed his commitment to being a “friend and adviser to the president” and said the experience was worthwhile.

“I think it was. I think [it] was an important thing,” he added. “I think it was a necessary thing, and I think it will have a good effect in the future.”

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Trump says Musk is ‘not really leaving’

Elon Musk, the world’s richest man, who has led an effort in the Trump administration to cut jobs and programs across the federal government, stood by President Trump’s side on Friday in the Oval Office, officially for the last time as a government employee. But neither man was clear whether Musk’s active hand in government is truly over.

Their display of unity comes after Musk, the entrepreneur behind Tesla and SpaceX, issued a series of criticisms of Trump’s policies, both directly and through his companies, and as reports emerge that the billionaire fought fierce battles with the president’s aides and has relied on potent drugs while serving as Trump’s confidante.

“Nobody like him,” Trump said of Musk at the White House event. “He had to go through the slings and the arrows, which is a shame, because he’s an incredible patriot.”

“Many of the DOGE people, Elon, are staying behind. So they’re not leaving. And Elon’s really not leaving,” Trump added. “He’s going to be back and forth, I think, I have a feeling. It’s his baby.”

Musk praised the team of DOGE, an acronym for the Department of Government Efficiency program, for saving what he said was $175 billion in government spending. The program had initially set a more lofty goal of cutting $2 trillion, and it is unclear if Musk’s team has even met its revised figure, with the Treasury Department’s Bureau of the Fiscal Service documenting an increase in federal spending over this time last year.

“The DOGE team is doing an incredible job,” Musk said. “I’ll continue to be visiting here, and be a friend and advisor to the president.”

Whether Musk continues in his role will have legal consequences. As a special government employee, Musk is obligated to end his service, now that the maximum work period allowed of 130 days has passed.

A group of 14 states has sued, arguing that Musk’s employee status was a ruse for the Trump administration to bring him into a powerful government role without having to go through a Senate confirmation process.

A federal judge in Washington on Wednesday ruled that Musk’s initial appointment was questionable, stating he “occupies a continuing position” and “exercises significant authority,” opening up a broader legal challenge over the constitutionality of his work for DOGE.

In a series of interviews leading up to his official departure from government, Musk has said that he plans to lessen his political spending going forward, and has criticized the Trump administration and congressional Republicans for pursuing legislation that would balloon the national deficit, a move he said was contrary to DOGE’s mission.

His departure this week comes after the New York Times reported on Musk’s heavy use of ketamine, a potent anesthetic drug, and after a Wall Street Journal article detailed Musk’s attempts to thwart Trump from pursuing partnerships on artificial intelligence in the Middle East that would benefit Sam Altman, the chief executive of OpenAI and a personal nemesis of Musk’s.

Musk’s time in government has been marked by multiple setbacks for his companies. SpaceX has failed to meet essential engineering milestones for Starship, a critical super-heavy rocket ship that is critical to the U.S. effort to return humans to the moon and his own personal goal of reaching Mars. And Tesla, his electric vehicle company, saw a 71% plunge in profits in the first quarter of 2025 and a 50% drop in stock value from its highs in December.

“I think I probably did spend a bit too much time on politics,” Musk told Ars Technica, a science and technology publication, in an interview on Tuesday.

“It’s not like I left the companies,” he added. “It was just relative time allocation that probably was a little too high on the government side, and I’ve reduced that significantly in recent weeks.”

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PBS sues Trump White House over executive order to cut funding

PBS filed a federal lawsuit Friday asking a court to block the May 1 executive order by the Trump White House to cut off funding to public media, calling the move a violation of the 1st Amendment.

The suit from the service that airs “Sesame Street,” Ken Burns documentaries and the “PBS NewsHour” for free to millions of American homes, said that Congress has repeatedly protected PBS from political interference by filtering its funds through the Corp. for Public Broadcasting, which is not a federal agency.

“The [executive order] makes no attempt to hide the fact that it is cutting off the flow of funds to PBS because of the content of PBS programming and out of a desire to alter the content of speech.”

NPR, which also receives CPB funding, filed a suit on similar grounds on Tuesday.

The White House alleges that PBS has “zero tolerance for non-leftist viewpoints.” Trump’s order called for an end to government dollars for CPB, the taxpayer-backed entity that has provided funding to NPR and PBS for decades through Congress.

Trump called the public media outlets “left wing propaganda.” The White House press release announcing the order — titled “Ending Taxpayer Subsidization of Biased Media” — contained 19 bullet points citing news coverage and other content by NPR and PBS that prompted the action.

The PBS suit says the data the White House cited to support that view are inaccurate and misrepresent the balanced range of viewpoints presented on PBS programs.

The White House has also asserted that government funding of broadcast media is no longer necessary in an era when consumers have a vast array of platforms for information and entertainment. PBS was founded when most of the country only had access to the three commercial broadcast networks and a handful of other TV stations.

PBS’ suit also says that, regardless of any policy disagreements the administration may have over the role of public television, “our Constitution and laws forbid the President from serving as the arbiter of content of PBS’s programming, including by attempting to defund PBS.”

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Contributor: DOGE was a good start. Trump needs to push further for real fiscal change

On Wednesday evening, the world’s wealthiest man announced that his sojourn in the nation’s capital is almost over. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,” Elon Musk posted to X, the social media platform he owns.

While Musk was quick to add that the White House’s Department of Government Efficiency mission “will only strengthen over time as it becomes a way of life throughout the government,” his departure will represent the effective end of DOGE as we know it. As the Wall Street Journal reported, “much of DOGE’s work will shift to the White House Office of Management and Budget,” which is headed by Russell Vought.

The DOGE team claims it identified about $175 billion in total savings. Given the federal government spent $6.75 trillion in fiscal 2024 alone, that may seem like a mere drop in the bucket. And given that Musk himself once vowed to identify taxpayer savings in the trillions of dollars — albeit without much of a timeline attached to that pronouncement — it certainly is a bit disappointing.

But consider some of the specific outrageous spending outlays identified by Musk’s team as ripe for the cutting board, such as $382 million from alleged fraudulent unemployment benefits (as the Department of Labor had previously flagged) and astonishing extravagance on the foreign stage — for instance, $2 million to an organization in Guatemala advocating gender-affirming healthcare and $20 million to a “Sesame Street”-inspired early childhood initiative in Iraq.

Such ideologically driven spending is emblematic of what Vought, in a Newsweek op-ed written two years ago during the Biden-era presidential interregnum, described as the “the scourge of a woke and weaponized bureaucracy.” The brief DOGE experiment, which uncovered tens of thousands of combined government contract and grant terminations that would shock the conscience of most Americans with any inclination toward sound fiscal stewardship, is proof that such a “woke and weaponized bureaucracy” isn’t merely speculative — it really exists.

There is probably a lot more, furthermore, where that $175 billion in flagged waste came from. And Vought, who has worked with Musk since last year, is the right man to continue the mission once Musk fully returns to the private sector.

There are now at least two additional steps that must be taken — one pressing short-term item and one more difficult longer-term item.

The reconciliation budget in the so-called “Big Beautiful Bill” that passed the House last week, and which is now pending before the Senate, did not incorporate the DOGE cuts. It seems there is a procedural reason for this: The DOGE cuts are technically post hoc rescissions of presently appropriated money, and rescissions of current outlays are typically subject to their own process. An obscure figure known as the Senate parliamentarian controls the process by which the annual reconciliation budget bill — a favored tool because it permits a Senate majority to bypass the chamber’s legislative filibuster — can pass muster. And Capitol Hill Republicans apparently fear that including the DOGE rescissions would endanger President Trump’s desired bill.

But without Congress actually enacting the DOGE cuts into law, history will show this entire exercise to have been largely futile. Accordingly, Vought and the White House’s Office of Management and Budget must, following the reconciliation bill’s passage and enactment into law, transmit a fresh rescission package to Speaker Mike Johnson’s desk. It is extraordinarily important that the Trump administration and the Republican-led Congress demonstrate not merely that they can identify excessive spending but also that they are willing to cut it.

The longer-term problem is thornier.

While DOGE has served a useful function, and while Vought’s office can probably identify a good amount more in the way of “woke and weaponized bureaucracy” cost-cutting measures, it is a matter of basic mathematics that something more will be needed to begin to rein in America’s soaring annual deficits and our shocking national debt.

The Republican Party of Donald Trump has moved in a strongly populist direction on issues of political economy. On many fronts, such as antitrust and industrial policy efforts to reshore vital supply chains, such a shift is very much welcome.

But at some point, both Republicans and Democrats alike are going to have to find some way to come together and put our entitlement programs — above all, Medicare and Social Security — on a path to sustainability. The political optics of being perceived as “cutting” either of these programs are simply horrible, so any attempt at reform will not be easy. But it must be done anyway, as the recent Moody’s downgrade of the U.S. credit rating makes starkly clear. The longer we wait, the more credit downgrades and interest payment spikes we risk.

Basic game theory suggests that neither party will want to blink first. Recall the 2012-era political ads accusing then-GOP vice presidential candidate Paul Ryan of throwing grandmothers off cliffs. The politics are nasty, divisive and radioactive. But this must get done. So we’ll have to find some way to force everyone to do it together. And in the meantime, as a down payment, let’s just make sure DOGE’s crucial work was not done in vain.

Josh Hammer’s latest book is “Israel and Civilization: The Fate of the Jewish Nation and the Destiny of the West.” This article was produced in collaboration with Creators Syndicate. @josh_hammer

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Ideas expressed in the piece

  • The article argues that the Department of Government Efficiency (DOGE) successfully identified $175 billion in potential savings through measures like terminating contracts for ideologically driven programs, including $382 million in fraudulent unemployment benefits and $20 million for a childhood initiative in Iraq[3][4].
  • It praises DOGE’s role in exposing a “woke and weaponized bureaucracy” and endorses Russell Vought’s leadership to continue this mission after Elon Musk’s departure[3][4].
  • The author urges immediate congressional action to codify DOGE’s identified cuts through rescission packages, emphasizing the need to demonstrate fiscal accountability[3][4].
  • Long-term, the article calls for bipartisan entitlement reform (Medicare/Social Security) to address national debt, despite political risks, citing Moody’s credit downgrade as justification[3][4].

Different views on the topic

  • Critics argue that DOGE’s $175 billion in identified savings is negligible compared to the $6.75 trillion annual federal budget, raising questions about its broader fiscal impact[3][4].
  • The temporary nature of DOGE—scheduled to end in July 2026—has drawn scrutiny, with skeptics questioning whether its work can transition sustainably to the Office of Management and Budget[1][4].
  • Some oppose DOGE’s focus on cutting programs labeled “woke,” arguing that such targeting risks prioritizing ideological goals over objective efficiency metrics[2][3].
  • Analysts note that rescinding funds through congressional action faces procedural hurdles, with the Senate parliamentarian potentially blocking inclusion in reconciliation bills[3][4].

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Pepe Price Prediction: Is Trump Buying Pepe? Meme Coin Presale Raises $11 Million

It feels like something big is brewing in the Pepe world right now. Donald Trump just posted a Pepe meme on his social media site, Truth Social. Could it be that the US president is planning a market-moving Pepe buy?

Pepe’s recent growth has also seen interest in the MIND of Pepe presale grow significantly. This AI meme coin has raised over $11 million and will list on exchanges imminently, with just 24 hours to go in the presale.

Donald Trump used the Pepe meme in his 2016 presidential campaign, then it became a hate symbol. That’s the background that mainstream media is using to frame Trump’s recent post.

They’re pointing to certain “alt-right” groups adopting the Pepe meme, only later acknowledging that it depends on the context. For crypto users, and likely for Trump, Pepe is a symbol of community, resistance, and laughter, not hate.

Trump posted on Truth Social a picture of him walking in the street with Pepe the Frog watching from on a sidewalk a few metres behind. It was captioned “HE’S ON A MISSION FROM GOD,” a reference to a famous line from 1980s movie The Blues Brothers.

While media outlets attempted to portray the post negatively, the fact that the US president is posting about Pepe at all is a huge win for the meme coin community.

Moreover, the media headlines often mention the post’s positive impact on Pepe coin’s price. This increases the project’s visibility and could attract more investors, regardless of the seemingly biased headlines.

Trump posted the meme at a time when the crypto market was taking a breather, so Pepe’s gains were marginal. But a few weeks earlier, it might have sent the price skyrocketing.

However, the stunt signals that Trump may, once again, begin using Pepe in his public communication efforts, and that’d be a big tailwind for $PEPE to rally.

An even better outcome would be that Trump buys Pepe. It wouldn’t be out of character. It’s no secret that Trump launched his own meme coin OFFICIAL TRUMP this year, but most people are unaware that Trump-backed World Liberty Financial just bought a meme coin called BUILDon this week. Could Pepe be next on the project’s shopping list?

Either way, Pepe’s future looks bright. But how far can it go in the months ahead?

Analyst Says Pepe Poised to Hit $0.00005 by September

Besides project-specific factors, the broader crypto market’s current outlook paints an exciting picture for Pepe.

Analysts anticipate Ethereum will begin outperforming Bitcoin in the weeks ahead, which could help the entire altcoin market to also outperform. Macroeconomic factors, such as falling inflation in the US and a rising global M2 supply, coupled with increased crypto interest from nation-states ranging from the US to Kazakhstan, also indicate a promising market outlook.

With that, we expect Pepe to maintain its current higher-time-frame uptrend in the coming months. As to how far it could go, analyst Pinnacle Crypto suggests it could hit $0.000017 in the coming days.

Looking further ahead, Professor Moriarty predicts that Pepe could veer to new highs by September, peaking at $0.00005. This would result in a market cap of just over $20 billion.

Elon Musk pushed Dogecoin to an $80 billion market cap in 2021, so there’s every chance the US president takes Pepe to $20 billion this cycle.

But as Pepe shows potential, smart investors are seeking related tokens which could ride the bullish wave but provide more gains. One of the most popular alternatives currently available is MIND of Pepe, an AI agent that’s undergoing a blistering hot presale.

MIND of Pepe Tipped For 10x Gain as Presale Enters Final Day

MIND of Pepe is one one of the most successful crypto presales on the market and has raised a whopping $11.3 million so far. However the presale is going to end in just one day. This marks the final opportunity for investors to buy MIND of Pepe at a fixed and discounted price before its exchange debut.

MIND of Pepe is a Pepe-themed AI agent that will scan the market to identify trading opportunities. It has a public X account where it offers market commentary, hot takes, and even replies to followers.

But the real innovation is only available for $MIND holders. The project boasts a data insights terminal that shares trading signals, in-depth technical analysis, risk-to-reward ratio analysis, and curated X posts.

It can also launch its own crypto projects, and $MIND holders will get insider access before the agent promotes them on social media.

MIND of Pepe is more than a meme coin; it’s a powerful AI tool designed to make its community money.

With that, it’s unsurprising that analysts expect big gains. For example, Umar Khan from 99Bitcoins recently said the project holds 100x potential.

With a strong use case, hard-wired token utility, and analyst support, MIND of Pepe appears firmly positioned to capitalize on the growth of Pepe coin.

But as mentioned, the presale will end in one day. For investors seeking to buy $MIND at its fixed presale rate of $0.0037515, this is the last opportunity.

Visit MIND of Pepe Presale

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.



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Supreme Court allows Trump to revoke humanitarian parole for 530,000 | Donald Trump News

The ruling means people from Venezuela, Cuba, Haiti and Nicaragua can be targeted for deportation as lawsuits continue.

The conservative-dominated United States Supreme Court has handed President Donald Trump another major victory, allowing his administration to revoke a temporary legal status from more than 500,000 immigrants as legal challenges continue in lower courts.

Friday’s decision applies to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan people who were granted humanitarian parole under the administration of former President Joe Biden.

That parole status allowed them to enter the US due to emergencies or urgent humanitarian reasons, including instability, violence and political repression in their home countries.

But the Supreme Court’s ruling means that the beneficiaries of humanitarian parole could be targeted for deportation prior to a final ruling on whether the revocation of their immigration status is legal.

The ruling by the top court, which is dominated six-to-three by conservatives, reverses a lower court’s order temporarily halting the Trump administration from yanking humanitarian parole from Venezuelans, Cubans, Haitians and Nicaraguans.

The Supreme Court’s decision was unsigned and did not provide reasoning. However, two liberal justices on the panel publicly dissented.

The outcome “undervalues the devastating consequences of allowing the government to precipitously upend the lives and livelihoods of nearly half a million noncitizens while their legal claims are pending”, Justice Ketanji Brown Jackson wrote.

She noted that some of the affected individuals had indicated in court filings that they would face grave harm if their humanitarian parole were cut short.

Trump has targeted programmes like humanitarian parole as part of his efforts to limit immigration into the US. His administration has accused Biden of “broad abuse” in his invocation of humanitarian parole: Trump has said Biden was lax on immigration and oversaw an “invasion” of the US from abroad.

Since taking office in January, Trump’s administration has also indefinitely suspended applications for asylum and other forms of immigration relief.

The plaintiffs in Friday’s humanitarian parole case warned the Supreme Court they could face life-threatening conditions if they were not allowed to seek other avenues for immigration and were forced to leave the country.

If they were deported “to the same despotic and unstable countries from which they fled”, lawyers for the plaintiffs argued that “many will face serious risks of danger, persecution and even death”.

Earlier in May, the Supreme Court also allowed Trump to end Temporary Protected Status (TPS) — another temporary immigration pathway — for about 350,000 Venezuelans living in the US. TPS allows non-citizens to remain in the US while circumstances in their home countries remain unsafe or unstable.

As with Friday’s case, the Supreme Court’s ruling on TPS allowed the Trump administration to move forward with removals while a legal challenge to Trump’s policy plays out in lower courts.

Biden had encouraged the use of programmes like TPS and humanitarian parole as alternatives to undocumented immigration into the US.

Humanitarian parole, for instance, allowed recipients to legally live and work in the US for two years. Trump’s efforts to end the programme would cut that timeframe short.

The countries in question — Nicaragua, Venezuela, Cuba and Haiti — have all experienced significant economic and political crises in recent years.

In Venezuela, for instance, critics have accused President Nicolas Maduro of detaining and disappearing political dissidents and activists, and an economic collapse caused hyperinflation that put basic necessities beyond the means of many Venezuelans. Millions have fled the country in recent years.

One of the other countries, Haiti, has been ravaged by a spike in gang violence since the assassination of President Jovenal Moise in 2021. Federal elections have not been held since, and gangs have used violence to fill the power vacuum.

As much as 90 percent of the Haitian capital, Port-au-Prince, has fallen under gang control, according to the United Nations, and thousands have been killed.

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Commentary: Guess who suddenly has a ‘TACO’ allergy? How a tasty sounding acronym haunts Trump

Guess who suddenly has a “TACO” allergy? President Yuge Taco Salad himself.

In the annals of four-letter words and acronyms Donald Trump has long hitched his political fortunes on, the word “taco” may be easy to overlook.

There’s MAGA, most famously. DOGE, courtesy of Elon Musk. Huge (pronounced yuge, of course). Wall, as in the one he continues to build on the U.S.-Mexico border. “Love” for himself, “hate” against all who stand in his way.

There’s a four-letter term, however, that best sums up Trump’s shambolic presidency, one no one would’ve ever associated with him when he announced his first successful presidential campaign a decade ago.

Taco.

His first use of the most quintessential of Mexican meals happened on Cinco de Mayo 2016, when Trump posted a portrait of himself grinning in front of a giant taco salad while proclaiming “I Love Hispanics!” Latino leaders immediately ridiculed his Hispandering, with UnidosUS president Janet Murguia telling the New York Times that it was “clueless, offensive and self-promoting” while also complaining, “I don’t know that any self-respecting Latino would even acknowledge that a taco bowl is part of our culture.”

I might’ve been the only Trump critic in the country to defend his decision to promote taco salads. After all, it’s a dish invented by a Mexican American family at the old Casa de Fritos stand in Disneyland. But also because the meal can be a beautiful, crunchy thing in the right hands. Besides, I realized what Trump was doing: getting his name in the news, trolling opponents, and having a hell of a good time doing it while welcoming Latinos into his basket of deplorables as he strove for the presidency. Hey, you couldn’t blame the guy for trying.

Guess what happened?

Despite consistently trashing Latinos, Trump increased his share of that electorate in each of his presidential runs and leaned on them last year to capture swing states like Arizona and Nevada. Latino Republican politicians made historic gains across the country in his wake — especially in California, where the number of Latino GOP legislators jumped from four in 2022 to a record nine.

The Trump taco salad tweet allowed his campaign to present their billionaire boss to Latinos as just any other Jose Schmo ready to chow down on Mexican food. It used the ridicule thrown at him as proof to other supporters that elites hated people like them. Trump must have at least felt confident the taco salad gambit from yesteryear worked because he reposted the image on social media this Cinco de Mayo, adding the line “This was so wonderful, 9 years ago today!”

It’s not exactly live by the taco, die by the taco. (Come on, why would such a tasty force of good want to hurt anyone)? But Trump is suddenly perturbed by the mere mention of TACO.

The popular Doritos Locos Tacos

Doritos Locos Tacos at the Taco Bell Laguna Beach location.

(Don Leach/Daily Pilot)

That’s an acronym mentioned in a Financial Times newsletter earlier this month that means Trump Always Chickens Out. The insult is in reference to the growing belief in Wall Street that people who invest in stocks should keep in mind that the president talks tough on tariffs but never follows through because he folds under pressure like the Clippers. Or a taco, come to think of it.

Trump raged when CNBC reporter Megan Cassella asked him about TACO at a White House press conference this week.

“Don’t ever say what you said,” the commander in chief snarled before boasting about how he wasn’t a chicken and was actually a tough guy. “That’s a nasty question.”

No other reporter followed up with TACO questions, because the rest of the internet did. Images of Trump in everything from taco suits to taco crowns to carnivorous tacos swallowing Trump whole have bloomed ever since. News outlets are spreading Trump’s out-of-proportion response to something he could’ve just laughed off, while “Jimmy Kimmel Live!” just aired a parody song to the tune of “Macho Man” titled — what else? — “Taco Man.”

The TACO coinage is perfect: snappy, easily understandable, truthful and seems Trump-proof. The master of appropriating insults just can’t do anything to make TACO his — Trump Always Cares Outstandingly just doesn’t have the same ring. It’s also a reminder that Trump’s anti-Latino agenda so far in his administration makes a predictable mockery of his taco salad boast and related Hispandering.

In just over four months, Trump and his lackeys have tried to deport as many Latino immigrants — legal and illegal — as possible and has threatened Mexico — one of this country’s vital trading partners — with a 25% tariff. He has signed executive orders declaring English the official language of the United States and seeking to bring back penalties against truck drivers who supposedly don’t speak English well enough at a time when immigrants make up about 18% of the troquero force and Latinos are a big chunk of it.

Meanwhile, the economy — the main reason why so many Latinos went for Trump in 2024 in the first place — hasn’t improved since the Biden administration and always seems one Trump speech away from getting even wobblier.

As for Latinos, there are some signs Trump’s early presidency has done him no great favors with them. An April survey by the Pew Research Center — considered the proverbial gold standard when it comes to objectively gauging how Latinos feel about issues — found 27% of them approve of how he’s doing as president, down from 36% back in February.

President Trump gives a thumbs up in front of a sign saying Latinos for Trump 2020

President Trump gives a thumbs up to the cheering crowd after a Latinos for Trump Coalition roundtable in Phoenix in 2020.

(Ross D. Franklin / Associated Press)

Trump was always an imperfect champion of the taco’s winning potential, and not because the fish tacos at his Trump Grill come with French fries (labeled “Idaho” on the menu) and the taco salad currently costs a ghastly $25. He never really understood that a successful taco must appeal to everyone, never shatter or rip apart under pressure and can never take itself seriously like a burrito or a snooty mole.

The president needs to move on from his taco dalliance and pay attention to another four-letter word, one more and more Americans utter after every pendejo move Trump and his flunkies commit:

Help.

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Trump may end legal parole given to 532,000 migrants from four countries

President Trump may seek to deport hundreds of thousands of immigrants who recently entered the United States under a two-year grant of parole, the Supreme Court decided Friday.

Over two dissents, the justices granted an emergency appeal and set aside rulings by judges in Boston who blocked Trump’s repeal of the parole policy adopted by the Biden administration.

That 2023 policy opened the door for Cubans, Haitians, Nicaraguans and Venezuelans to apply for entry and a work authorization if they had a financial sponsor and could pass background checks. By the time Biden left office, 530,000 people from those countries had entered the U.S. under the program.

Justices Ketanji Brown Jackson and Sonia Sotomayor dissented.

“The court plainly botched this,” Jackson said, adding that it should have kept the case on hold during the appeals.

It was the second time in two weeks that the justices upheld Trump’s authority to revoke a large-scale Biden administration policy that gave temporary legal status to some migrants.

The first revoked program gave temporary protected status to around 350,000 Venezuelans who were in this country and feared they could be sent home.

The parole policy allowed up to 30,000 migrants a month from the four countries to enter the country with temporary legal protection. Biden’s officials saw it as a way to reduce illegal border crossings and to provide a safe and legal pathway for carefully screened migrants.

The far-reaching policy was based on a modest-sounding provision of the immigration laws. It says the secretary of Homeland Security may “parole into United States temporarily … on a case-by-case basis for urgent humanitarian reasons any alien” who is seeking admission.

Upon taking office, Trump ordered an end to “all categorical parole programs.” In late March, Department of Homeland Security Secretary Kristi Noem announced that the parole protection would end in 30 days.

But last month, U.S. District Judge Indira Talwani blocked DHS’s “categorical” termination of the parole authority. The law said the government may grant parole on a “case-by-case basis,” she said, and that suggests it must be revoked on a case-by-case basis as well.

On May 5, the 1st Circuit Court in a 3-0 decision agreed that a “categorical termination” of parole appeared to be illegal.

Three days later, Solicitor Gen. D. John Sauer filed another emergency appeal at the Supreme Court arguing that a judge had overstepped her authority.

The parole authority is “purely discretionary” in the hands of the DHS secretary, he wrote, and the law bars judges from reviewing those decisions.

While the Biden administration “granted parole categorically to aliens” from four counties, he said the Boston-based judges blocked the new policy because it is “categorical.”

He accused the judges of “needlessly upending critical immigration policies that are carefully calibrated to deter illegal entry, vitiating core Executive Branch prerogatives, and undoing democratically approved policies that featured heavily in the November election.”

Immigrants rights advocates had urged the court to stand aside for now.

Granting the administration’s appeal “would cause an immense amount of needless human suffering,” they told the court.

They said the migrants “all came to the United States with the permission of the federal government after each individually applied through a U.S. financial sponsor, passed security and other checks while still abroad, and received permission to fly to an airport here at no expense to the government to request parole.”

“Some class members have been here for nearly two years; others just arrived in January,” they added.

In response, Sauer asserted the migrants had no grounds to complain. They “accepted parole with full awareness that the benefit was temporary, discretionary, and revocable at any time,” he said.

The Biden administration began offering temporary entry to Venezuelans in late 2022, then expanded the program a few months later to people from the other three countries.

In October of last year, the Biden administration announced that it would not offer renewals of parole and directed those immigrants to apply to other forms of relief, such as asylum or temporary protected status.

It’s unclear exactly how many people remained protected solely through the parole status and could now be targeted for deportation. It’s also not clear whether the administration will seek to deport many or most of these immigrants.

But parolees who recently tried to adjust their legal status have hit a roadblock.

In a Feb. 14 memo, U.S. Citizenship and Immigration Services announced it was placing an administrative hold on all pending benefit requests filed by those under the parole program for Cubans, Haitians, Nicaraguans and Venezuelans, as well as a program for Ukrainians and another for family reunification.

The memo said USCIS needed to implement “additional vetting flags” to identify fraud, public safety or national security concerns.

“It’s going to force people into an impossible choice,” said Talia Inlender, deputy director of the Center for Immigration Law and Policy at the UCLA School of Law. Those who stay face potential detention and deportation, she said, while those who willingly leave the U.S. would be giving up on their applications.

The DHS memo said the government could extend the parole for some of them on a case-by-case basis. But Trump’s lawyers said migrants who were here less than two years could be deported without a hearing under the “expedited removal” provisions of the immigration laws.

Inlender said the government should not be allowed to strip people of lawfully granted legal status without sufficient reason or notice. Inlender, who defended the program against a challenge from Texas in 2023, said she expects swift individual legal challenges to the Trump administration’s use of expedited removal.

“So many people’s lives are on the line,” Inlender said. “These people did everything right — they applied through a lawful program, they were vetted. And to pull the rug out from under them in this way should be, I think, offensive to our own idea of what justice is in this country.”

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Fed chair tells Trump policy will not be politically influenced

May 30 (UPI) — The Federal Reserve chair, Jerome Powell, has told President Donald Trump that monetary policy will not be influenced by politics.

Powell and Trump had a meeting Thursday as the president has been pressuring the central bank to lower interest rates.

A statement published by the Reserve following the meeting said that Powell and Trump discussed economic issues, including growth, employment and inflation.

What Powell did not discuss was his expectation for monetary policy, according to the sternly worded statement, “except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook.”

“Chairman Powell said that he and his colleagues on the [Federal Open Market Committee] will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective and non-political analysis,” the statement said.

The meeting was held at Trump’s invitation, it added.

White House press secretary Karoline Leavitt confirmed during a press conference Thursday that Trump saw the statement and that it was “correct.”

“However, the president did say that he believes the Fed chair is making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries,” she said.

The announcement comes as the Trump administration has been seeking to influence Powell and the Fed to lower interest rates.

The Fed has steadily cut the interest rate from a high of 5.5% since the summer of 2024 but has maintained a lending rate of between 4.25% and 4.5% throughout the Trump administration due to uncertainty over the president’s ever-changing tariff policies.

The Fed issued its most recent hold on the interest rate earlier this month over concerns about tariff-related inflation and slower economic growth.

“Uncertainty about the economic outlook has increased further,” the Fed said in its May 7 statement.

Trump has repeatedly lashed out at the Fed and Powell.

On May 2, he took to his Truth Social platform to broadcast “THE FED SHOULD LOWER ITS RATE!!!” As a reason, he pointed to a recent drop in gas prices.

After the Fed maintained its interest rate hold about a week later, Trump called Powell “a FOOL, who doesn’t have a clue.”

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Wall Street retreats as Trump tariffs get a temporary reprieve from appeals court

By Tina Teng

Published on
30/05/2025 – 8:03 GMT+2

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A Federal appeals court temporarily blocked a ruling from the Court of International Trade that barred most of the Trump administration’s sweeping tariffs on global trading partners. The legal development reignited uncertainty, sparking renewed selloffs in US stock markets and dragged the US dollar sharply lower from its intraday high.

The decision provides the White House with additional time to defend the legality of the president’s efforts to reshape global trade relations. Federal officials signalled that the same level of import levies could be reintroduced under alternative legal authorities, although enacting tariffs via other sections of the Trade Act could take several months.

“I can assure the American people that the Trump tariff agenda is alive, well, healthy and will be implemented to protect you, to save your jobs and your factories, and to stop shipping foreign wealth — our wealth — into foreign hands,” Peter Navarro, Trump’s top trade adviser, said on Thursday.

Trump had invoked the International Emergency Economic Powers Act (IEEPA) to impose the so-called reciprocal tariffs announced in early April. However, on Wednesday, the trade court ruled that the president does not have the authority to impose such broad levies under the IEEPA.

“America cannot function if President Trump — or any other president, for that matter — has their sensitive diplomatic or trade negotiations railroaded by activist judges,” said White House Press Secretary Karoline Leavitt. “Ultimately, the Supreme Court must put an end to this for the sake of our Constitution and our country.”

Wall Street pares early gains

The US stock markets initially jumped on the original court ruling, alongside positive quarterly earnings results from Nvidia. However, major indices gave up early gains despite a higher close on Thursday. During Friday’s Asian session, US stock futures continued to fall as risk-off sentiment prevailed.

As of 4 am CEST, Dow Jones Industrial Average futures were down 0.08%, while the S&P 500 and Nasdaq 100 futures both declined 0.26%.

European markets are also expected to open lower, according to futures pricing. The Euro Stoxx 50 was down 0.19%, and Germany’s DAX slipped 0.15%. German equities extended losses for a second consecutive day on Thursday, following a record high on Tuesday. Investors will be closely watching the progress of US-EU trade talks, though the legal battle surrounding the Trump administration’s tariffs is adding complexity to the outlook.

Asian equity markets also traded mostly lower on Friday. Hong Kong’s Hang Seng Index fell 1.4%, Japan’s Nikkei 225 lost 1.39%, and South Korea’s Kospi dropped 0.61%. Australia’s ASX 200 was flat as of 3:10 am CEST.

The US dollar tumbles as haven assets rise

The latest court developments have once again dented investor confidence in US assets, particularly the dollar. Yields on US government bonds initially jumped to 4.5% but later pulled back to 4.42% as Treasury prices came under renewed pressure.

Meanwhile, haven assets have rallied. Gold jumped, and the euro, the Swiss franc, and the Japanese yen all strengthened significantly. The euro rebounded sharply from an intraday low against the dollar on Thursday after the tariff ruling was paused. The EUR/USD pair fell as low as 1.1210 before surging to 1.1353 as of 3:11 am CEST on Friday. Gold futures also swung higher, climbing to $3,321 per ounce from an intraday low of $3,269 on Thursday.

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