Trump Meets EU's von der Leyen on Sunday: Trade Talks and More
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Black America Web
a minute ago
- Black America Web
Tariffs Reach Highest Level Since 1934 Under Trump Plan
Source: Anna Moneymaker / Getty The U.S. is heading into tariff territory not seen since the Great Depression, with new trade measures from former President Donald Trump set to take effect August 7. The result? A potential price spike on everything from shoes and wine to furniture and electronics. Under Trump's newly ordered tariff regime, the average tax on imported goods will jump to 18.3%, the highest since 1934, according to Yale's nonpartisan Budget Lab. The move targets 66 countries, the European Union, Taiwan, and even the Falkland Islands. Among the steepest penalties: 40% on imports from Laos, 39% on Swiss goods, and 30% on products from South Africa. While some countries, such as Cambodia and Bangladesh, saw reduced tariffs after negotiations, the overall trade landscape remains tense. A 35% tariff on Canadian goods begins immediately, while action against China and Mexico is delayed pending talks. A 50% tax on imported aluminum and steel remains in place. We care about your data. See our privacy policy. The Budget Lab estimates the average U.S. household could lose around $2,400 in purchasing power due to higher prices, with a short-term 1.8% jump in inflation expected. Items already affected include: Eyewear : Ray-Ban maker EssilorLuxottica has raised prices. : Ray-Ban maker EssilorLuxottica has raised prices. Wine : Expect up to 30% price hikes on European wines by September. : Expect up to on European wines by September. Shoes and apparel : With 97% of clothing and shoes imported , costs are expected to rise 5–10% this fall. : With , costs are expected to rise 5–10% this fall. Furniture, electronics, and appliances: Many of which include foreign-made steel or aluminum, are already showing price upticks. Retailers have largely absorbed tariff costs until now. 'The new tariffs will impact merchandise in the coming weeks,' said David French of the National Retail Federation. Smaller businesses are especially concerned about staying afloat. Matt Priest of the Footwear Distributors and Retailers of America warned that back-to-school prices are already climbing. And automakers, though slow to respond publicly, are feeling the pressure: General Motors expects to lose $4–5 billion this year due to tariff-related costs. Trump has pitched these tariffs as a strategy to boost U.S. manufacturing and trade fairness. Some of the new trade deals do include specific wins—like the EU agreeing to buy $750 billion in American energy and Vietnam pledging $2 billion in U.S. agricultural goods. But experts say those victories may be short-lived, and some trade partners—particularly China—could shift away from U.S. markets in the long term. SEE ALSO Tariffs Reach Highest Level Since 1934 Under Trump Plan was originally published on
USA Today
a minute ago
- USA Today
'Diaper Diplomacy': YouTube channel features AI baby versions of politicians
Move over E*TRADE Baby — a new generation of talking tykes is going viral, but instead of stock quotes, they're politicians discussing foreign policy, the economy and bickering in congressional committee hearings. Making its debut on YouTube, Diaper Diplomacy videos use artificial intelligence software to transform some of the nation's most well-known political figures, such as President Donald Trump and U.S. Senator Cory Booker (D-N.J.), into irritable infants while using the actual audio from the interviews or press conferences. With more than 67,000 subscribers and over 40 videos, the channel has garnered millions of views and a loyal following through its recreations of viral political moments, starring "babyfied" politicians of both parties. Diaper Diplomacy has recreated videos of a variety of notable figures in American politics, ranging from Trump visiting a construction site with Federal Reserve Chair Jerome Powell to U.S. Representative Alexandria Ocasio-Cortez testifying before Congress, and Health Secretary Robert F. Kennedy, Jr., explaining how he discovered and placed a dead bear cub in his car - among others. "Trigger Warning (for everyone): I roast both sides," according to the channel description, "Because let's be honest —our politicians act like toddlers, and it's time someone put them back in time-out." While some videos are for "members only," the channel's creator has widely shared numerous videos as fundraisers for St. Jude Children's Research Hospital, allowing "babies to help other babies."USA TODAY has contacted the White House and Booker for comment. But who runs Diaper Diplomacy? According to a bio on "Buy Me a Coffee," Diaper Diplomacy is run by a "regular guy" who is chasing his dreams as a video creator. "[I am] trying to keep my head above water while raising three kids — including a 10-week-old who seems to think diapers grow on trees. If one of my videos gave you a laugh, I'd be super grateful for your support," the bio says. "Every little bit helps me keep making more content (and helps keep my little dude stocked up on diapers)." When recently asked by a viewer in the comments section whether the channel had become a full-time gig, the response was that it's been a "wild ride," and, hopefully, "getting close." "It's not paying all the bills yet, I've got a lot of mouths to feed and actual diapers to buy, but I think within a few months it can," was the response. "We'll see." The channel also touts video-specific merchandise, membership-only perks and access to "Diaper Doppelgänger GTP," the AI tool used to "babify" politicians on both sides of the aisle for $9.95.
Fast Company
a minute ago
- Fast Company
Trump's redesigned Rose Garden is just the start of a larger White House makeover
With the White House Rose Garden grass ripped out and replaced with a brand new stone patio, the Mar-a-Lago-ification of the White House has reached a new phase. After returning to office for a second term, President Donald Trump quickly took to updating White House interiors to better match his maximalist, rococo aesthetic with elements like gold embellishment in the Oval Office and more pictures of himself lining the hallways. Now, the new Rose Garden patio and other recent and planned outdoor updates represent more permanent updates to the most historically significant home in the United States. Trump isn't just redecorating—he's working to leave his physical mark on the property, and the Rose Garden is just the beginning. Designed during John F. Kennedy's administration by gardener Rachel Mellon, the Rose Garden has hosted presidential press conferences and the 1971 wedding of Richard Nixon's daughter Tricia. According to Trump, though, the space was unusable after it rained. 'We had to do it,' Trump told reporters Sunday. 'When we had a press conference, you'd sink into the mud.' The new patio just so happens to resemble the patio at Mar-a-Lago where he holds court. The National Park Service oversaw the Rose Garden's redesign, and it was paid for by the Trust for the National Mall, a nonpartisan nonprofit. Work began on the patio on June 11, and one week later, Trump had two jumbo, car dealership-sized flag poles installed on the White House's North and South lawns. Now that the patio's done, Trump is turning his attention to his next project: a planned $200 million ballroom inside of the White House. The White House said construction begins next month on the 90,000-square-foot ballroom, which resembles Mar-a-Lago in renderings. Preservationists are worried. On his first day in office, Trump signed an executive order promoting traditional, classic federal civic architecture, but at home, he's following his own rules. This isn't a revival of classical architecture as much as it is an attempt to bring the style of South Florida to D.C. Redesigning the landscape was just the first step. No matter how far Trump's White House renovations end up going, one thing's for certain: the office won't look the same after he's done with it.
