Bloomberg Law: A Winning SCOTUS Term for Trump
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The Hill
9 minutes ago
- The Hill
Bessent: Trump tariffs set to ‘boomerang back' to higher rates if deals not reached
Treasury Secretary Scott Bessent said on Sunday that countries will see their respective tariff rates 'boomerang back' on Aug. 1 to the higher levels announced three months ago, if they don't strike a deal with the U.S. sooner. In Sunday show interviews, Bessent doubled down on President Trump's comments Friday, in which the president told reporters that the 'reciprocal' tariffs — first announced on April 2 and then paused for 90 days a week later — would officially take effect on Aug. 1, not July 9, when the 90-day pause is set to expire. 'We'll see,' Bessent said on CNN's 'State of the Union,' when asked 'what happens' on July 9. 'I'm not going to give away the playbook because we're going to be very busy over the next 72 hours.' Bessent said Trump will 'be sending letters to some of our trading partners, saying that if you don't move things along, then on Aug. 1, you will boomerang back to your April 2 tariff level.' 'So, I think we're going to see a lot of deals very quickly,' the secretary continued. 'And, you know, Dana [Bash], we're going to send out probably 100 letters to small countries where we don't have very much trade, and most of those are already at the baseline 10 percent.' Bessent insisted, however, that the new effective date is neither a new deadline nor a pause on the original deadline announced three months ago. 'It's not a new deadline,' Bessent said on CNN. 'We are saying, this is when it's happening. If you want to speed things up, have at it. If you want to go back to the old rate, that's your choice.' In an interview on 'Fox News Sunday,' anchor Shannon Bream asked if it is 'fair' to call the new date a 'bit of a pause.' 'I don't think it's a bit of a pause because I think what's happened is, there's a lot of congestion going into the home stretch,' he said. Trump has 'created maximum leverage' ahead of the deadline to strike a deal to stave off the higher reciprocal tariffs, Bessent told her. 'So, by telling our trading partners that they could boomerang back to the April 2nd date, I think it's really going to move things along the next couple of days and weeks,' Bessent said.
Yahoo
9 minutes ago
- Yahoo
Hassett on healthcare coverage cuts: ‘Best way to get insurance is to get a job'
National Economic Council Director Kevin Hassett said the best way for people to get health insurance is to get a job while discussing the massive tax cut legislation, which dramatically upends health care, signed into law by President Trump. During an appearance on CBS News's 'Face The Nation,' Hasset was asked about Americans' concerns that about 12 million Americans could lose Medicaid coverage, according to a report by the Congressional Budget Office (CBO). However, Hasset said that the CBO made a similar claim when the Trump administration aimed to add work requirement waivers to Obamacare in 2017, stating that the number of insured people increased instead. 'The bottom line is, the best way to get insurance is to get a job,' he said. 'And we've got a 'big, beautiful bill' that's going to create a lot of job creation and a lot of insurance, and the CBO is just not accounting for that.' The bill enacts the country's first-ever requirement for adults under the age of 65 — including low-income parents of children older than 14 — to prove they work, volunteer or attend school at least 80 hours per month. 'The idea that that's going to cause a massive hemorrhaging in availability of insurance doesn't make a lot of sense to us,' he said. Hassett also claimed that 5 million of those who are losing insurance have other insurance, which he says the CBO did not take into account 'They're people who have two types of insurance,' he added. 'And so therefore, if they lose one, they're still insured.' Hassett insisted that no one will lose their insurance. 'It's sound budgetary politics. And I think that nobody's going to lose their insurance,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
9 minutes ago
- CBS News
Thousands of Palestinian Americans gather in Bay Area for Ramallah Convention
Thousands of Palestinian Americans from across the country gathered in the Bay Area this week for the annual Ramallah Convention, a four-day cultural celebration that brings together families with roots in Ramallah, many of them part of the Palestinian Christian diaspora. Organized by the American Federation of Ramallah, Palestine (AFRP), the convention celebrates heritage, community, and identity while welcoming people of all faiths. "This gathering is a testament of the existence of the people, of the Christians of Palestine," said Nader Musleh, chairman of the convention. "There's a lot of Christians there, along with Jews, and Quakers and all different kinds of backgrounds, but this particular group, a lot of Orthodox, Greek, and Catholics, have moved to this country. This convention keeps the bond going together. It shows the younger generation where their heritage comes from." The event, which rotates annually across cities in the U.S., serves as both a reunion and a reminder of Palestine's historic diversity — especially as many Americans are unfamiliar with the Christian presence in the region. "Nowadays, it's natural for people to ask where I'm from. I say I'm Palestinian heritage. And they 100 percent automatically assume I'm Muslim," Musleh shared. "Which doesn't bother me much, but I remind them I'm actually Christian, and they get very surprised. And I'm like, you know, Jesus Christ came from Jerusalem, so I don't understand how you assume there's no Christians over there. So I don't know what to think of it, but we keep reminding people who we are, because we coexist with everyone else, but it's good to know we can exist together." The sound of the bagpipe echoed throughout the convention hall, a nostalgic tradition for many families, which, along with traditional food, music, and dancing, offered guests a taste of home. California Assemblymember Matt Haney attended the convention to show support for the local Palestinian American community, particularly in light of the ongoing conflict in Gaza. "I represent a very longstanding and dynamic Palestinian American community in San Francisco" Haney said. "They are trying to make contributions in our country, and build support for their community in the face of tremendous ignorance and discrimination in many cases, and many have also lost family members in the war in Gaza. And so, they need the support of our elected officials. And we need to stand with them. And I'm here to welcome them, support them in solidarity, and learn from them as well." While the convention is cultural, and not political in nature, attendees took time to acknowledge the pain and suffering currently taking place in Gaza. "Well, we pray for peace. And we live our lives here. And we support as much as we can. And we've been here for 120 years, so we're a big part of what happens here. And we are very affected by what happens back in Palestine as well. It's a part of our daily life. So we deal with it, each in our own way," Musleh said. Coming together to share life's highs and lows, attendees say, is what has kept the Ramallah Convention going strong for more than 60 years.
