
Swiss Desire for a Trump Trade Deal Tests Its Love for Farmers
That's a position the Swiss fought for determinedly. President Karin Keller-Sutter lobbied Trump hard to reconsider tariffs in a phonecall on April 9 just hours before he suspended many of his global levies.
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Charlamagne Tha God Brutally Claims Trump Is ‘Losing It As Badly As Biden'
Charlamagne tha God has claimed that President Donald Trump is 'losing it as badly as [former President Joe] Biden.' The radio host's comments came more than a month after Trump ordered an investigation into his predecessor's aides for allegedly covering up Biden's supposed cognitive decline. 'Is Trump really losing it as badly as Biden? Hmm. Let's run through this official list of dementia symptoms from the Mayo Clinic, all right?' Charlamagne said, referring to the private American academic medical center, while appearing as a guest host on 'The Daily Show' on Tuesday. He continued, 'Now, first, I want to say that doctors warn it's unethical to diagnose someone you haven't actually examined, but I'm not a doctor, OK? So let's fucking go!' The 'Breakfast Club' host, who pulled out the list on a clipboard, went on to point out memory loss as a first symptom of dementia. Charlamagne played a clip of the POTUS declaring he was 'surprised' Federal Reserve Chairman Jerome Powell was appointed, seemingly forgetting that he appointed him in 2017. 'Memory loss, check,' Charlamagne quipped to the audience while dramatically making a check mark on the symptoms list. 'He's stealing Biden's whole flow, word for word, bar for bar. I bet Biden's somewhere watching this, thinking, 'Where am I?'' Naming 'problems with communication' as another symptom, he then played separate footage of Trump mispronouncing the word 'cryptologic.' Elsewhere in the segment, Charlamagne alleged that Trump has no 'coordination and movement control,' another symptom of dementia, while showing a clip of the world leader awkwardly dancing to 'Y.M.C.A.' by the Village People. 'I don't get why Trump chose Y.M.C.A as his signature song. That dance involves coordination and spelling at the same time. Are you trying to kill this man?' he joked. Wrapping up his message, Charlamagne played multiple clips of Trump appearing to become agitated with the press before accusing the POTUS of having 'rage issues.' 'The bad news is, Trump has rage issues,' he added. 'The good news is there's no way he's remembering the nuclear codes, OK? Now, that's my whole checklist, and I've reached my diagnosis. This guy needs to be put into a retirement home immediately.' Watch Charlamagne tha God's appearance on 'The Daily Show' below. Related... Trump Snaps, Abruptly Ends CNN Interview After Being Questioned About New Epstein Photos Supreme Court Allows Trump To Remove 3 Democrats On The Consumer Product Safety Commission The Trump Administration Hopes You Never See These Stories — Which Makes Them More Important Than Ever
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Japan trade deal sparks hope for US investors, frustration for automakers
By Nora Eckert and David Shepardson DETROIT (Reuters) -Shares of General Motors, Ford Motor, and Jeep-maker Stellantis, some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on imported Japanese cars, as investors saw it as a sign of more deals to come. But the companies are not celebrating. Automakers importing vehicles into the U.S. from Japan now face a 15% levy, according to terms of the deal outlined on Tuesday by U.S. President Donald Trump, down from 27.5%. GM shares rallied 9% and Stellantis rose 12%, as market watchers said they anticipated further agreements could reduce other trade barriers that have hurt the companies' profits. Ford shares rose about 2%. The automaker is less exposed to tariffs because it produces more of its U.S.-sold vehicles domestically. On Wednesday, the European Union and United States were nearing a trade deal that would also set a 15% tariff on European imports. GM, Ford and Stellantis have been paying up to 25% on vehicles imported from Mexico or Canada, depending on how much U.S. content is in the vehicles. The companies are concerned they could soon be paying higher tariffs on vehicles assembled in Mexico or Canada than on vehicles with significantly less U.S. content made in Japan or the United Kingdom. Some lobbyists also expressed alarm that if South Korea strikes a similar deal with the U.S., it could become a low-cost market to assemble cars and trucks. "They could be the new Mexico," one lobbyist told Reuters. The American Automotive Policy Council, which represents the Detroit Three, criticized the deal, saying it creates an easier path for Japanese imports than for some cars built in North America. Even before Tuesday's deal, Detroit automotive executives raised concerns that Trump's trade policy could end up giving an edge to foreign automakers who do not invest as heavily in U.S. manufacturing. "This is a bonanza for our import competitors," Ford CEO Jim Farley said in February, when Trump initially proposed levies on Mexico and Canada, but not on major automotive centers such as South Korea. The Japan trade announcement came the same day General Motors said tariff costs knocked $1.1 billion from its bottom line, hurt by a battery of levies including 25% taxes on imports from Canada and Mexico, and 50% on steel and aluminum imports. Industry consultant and former GM executive Warren Browne said the Japan deal "put all vehicles produced in Mexico and Canada by the Detroit Three at a disadvantage' because they face higher levies than Toyota vehicles shipped in from Japan, for example. That could allow the foreign brands to undercut U.S. car companies on price. Toyota, Subaru and Mazda are among the most reliant companies on Japan-produced vehicles for their U.S. sales, and stand to benefit most from the lower tariffs, according to business-analytics firm GlobalData. Toyota imported roughly 500,000 vehicles from Japan last year. Japanese automotive stocks soared after the trade deal announcement. Autos Drive America, which represents those Japanese automakers along with other foreign car companies operating in the United States, on Wednesday praised the trade deal, saying it would lead to further factory investment in the U.S. The deal is good news for Wade Kawasaki, executive chairman of the Wheel Group, a collection of aftermarket wheel, tire and accessory companies based in California. Kawasaki said the group has been trying to break into some aspects of the Japanese market, and the lessening levies will help with that. 'There is a certain group of customers who want American-made products. Those are the ones we were going to get,' he said. Sign in to access your portfolio
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25 minutes ago
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Australia lifts biosecurity restrictions on US beef, AFR reports
SYDNEY (Reuters) -Australia has lifted its biosecurity restrictions on beef imports from the U.S., the Australian Financial Review (AFR) reported on Thursday, likely removing a key concern for U.S. President Donald Trump's administration over bilateral trade. Australia informed the U.S. of its decision after a review of the curbs it initiated more than 18 months ago, before Trump was elected for a second term, the AFR said in its report, citing an unidentified government source. Australian Prime Minister Anthony Albanese's office did not immediately respond to a request for comment. The AFR report said Albanese's Labor government will use the easing of rules to argue its case for the United States to wind back 50% tariffs on steel and aluminium and Trump's threat to impose a 200% tariff on pharmaceuticals. Albanese in April had ruled out relaxing Australia's strict biosecurity rules during tariff talks with the United States. Trump in April singled out the trade disparity on Australian beef after the country's beef exports to the United States surged last year, reaching A$4 billion ($2.64 billion) amid a slump in U.S. beef production. Since 2003, Australia has curbed entry of U.S. beef after detecting bovine spongiform encephalopathy (BSE), or mad cow disease. But Australia allows entry if the cattle were born, raised and slaughtered in the United States, though few shippers can prove these requirements, as cattle frequently move between the United States, Canada and Mexico. Australia views its strict biosecurity rules as safeguarding its disease-free cattle, helping it preserve access to lucrative markets such as Japan and South Korea, while Australian beef is prized by U.S. fast food chains for its lower fat content and competitive prices. ($1 = 1.5152 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data