Trump says talks with Canada stop until they drop ‘certain taxes,' Reuters says
Don't Miss TipRanks' Half Year Sale
Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
39 minutes ago
- Yahoo
Trump announces trade deal with Vietnam
President Donald Trump said on Wednesday that the US will charge 20% tariffs on imports from Vietnam under a new trade deal reached during last-minute negotiations. Products sent from Vietnam to the US had faced a 46% levy, which was set to go into effect next week as part of Trump's "reciprocal" tariffs announced in April. Dozens of other economies, including the European Union and Japan, are still scrambling to make their own deals with the US before the planned increases. Under the agreement, Vietnam will charge no tariffs on US products, Trump said in a social media post. Tariffs, which are a tax on imports, are almost always paid by the company that is buying the goods rather than the business which makes the product. While importers can decide to absorb the extra charge, they often choose to pass it on to the consumer. Many of the US trading partners are worried that will drive down demand for things made in their countries. In the "Great Deal of Cooperation", as Trump called it, the US will also impose a steeper tariff of 40% on goods that pass through Vietnam in a process known as "trans-shipping". Peter Navarro, Trump's senior counsellor on trade and manufacturing, has said that a third of all Vietnamese exports to the US were actually Chinese products shipped through Vietnam. The president said on social media: "Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. "In other words, they will 'OPEN THEIR MARKET TO THE UNITED STATES,' meaning that we will be able to sell our product into Vietnam at ZERO Tariff." Vietnam has become a major manufacturing hub for a number of major brands such as Nike, Apple, the Gap and Lululemon. It was a beneficiary of firms moving factories out of China to avoid the tariffs Trump announced during his first term in office. Share prices of companies making goods in Vietnam initially rose on news of the deal, although those gains were trimmed after it emerged products will still face a 20% tax. Adam Sitkoff, executive director of the American Chamber of Commerce in Hanoi, told the BBC World Business Report he was optimistic that the trade deal leaves Vietnam "in a good position", adding that "companies that ship from [Vietnam] to the US are going to keep doing it". But on the proposed tariff for so-called trans-shipping, Mr Sitkoff questioned the definition of the term, suggesting it can be "a vague and often politicised term in trade enforcement". "It's unclear how much illegal re-routing Vietnamese officials will even be able to catch, or how much exists," he said. Vietnam's General Secretary To Lam held a phone call with Trump on Wednesday, during which he reiterated an invitation for the US president to visit the country. Separately, the Trump family has recently announced development projects in Vietnam. The country's government approved a plan by the Trump Organization and local business Kinh Bac City Development to invest $1.5bn in hotels, golf courses and luxury real estate. The Trump Organization is also scouting for locations to build a Trump Tower in Ho Chi Minh City. Trump initially imposed steep levies on trading partners around the world in April , citing a lack of "reciprocity", but then announced a pause where they were all lowered to 10%. Many countries then approached the US to negotiate trade deals, according to the White House. Since April, Washington had so far only announced a pact with Britain and a deal to temporarily lower retaliatory duties with China. Nike pledges to cut reliance on Chinese factories Trump's tariffs leave China's neighbours with an impossible choice
CNN
an hour ago
- CNN
U.S. House takes up Trump Agenda bill
The House takes up the revised Senate version of President Trump's sweeping domestic agenda bill, which passed the Senate on Tuesday by the slimmest of margins. CNN Political Analyst and Historian Leah Wright Rigueur says if the bill becomes law, people will remember Donald Trump as the President who increased the national debt and took away people's healthcare.
Yahoo
an hour ago
- Yahoo
If she runs for Senate, Lara Trump would need to move back to NC by this fall
As Republicans now face an open race for their party's nomination for U.S. Senate next year, the one name that has shot to the top of the list is Lara Trump. The president's daughter-in-law co-chaired the Republican National Committee during Donald Trump's successful bid for the White House last year and currently hosts a weekly television show on Fox News. She is 'strongly considering' running for the seat that will be vacated by retiring Sen. Thom Tillis, NBC News reported Sunday. Her entry into the race could effectively end the GOP primary before it even begins. Her father-in-law had encouraged her to run for the U.S. Senate seat that opened with the retirement of Richard Burr in 2022, and when he was asked about the 2026 race on Tuesday, he said she would be his 'first choice.' Other prominent Republicans whose names have been floated as potential candidates have either taken themselves out of the running, like U.S. Rep. Richard Hudson, or have preemptively endorsed Trump's candidacy, should she decide to enter the race, as first-term congressman Pat Harrigan did. If Trump does move forward with a Senate bid, she'll need to take certain steps to ensure her eligibility, the most important of which would be to move back to North Carolina and register to vote here. A Wilmington native, Trump grew up in Wrightsville Beach and studied communications at N.C. State University before moving to New York, where she met her now-husband, Eric Trump, one of the president's sons. Lara Trump was registered to vote in Wake County while she attended college at N.C. State, and voted in the 2000, 2002 and 2004 general elections in North Carolina, according to the State Board of Elections. She has since been removed from the North Carolina voter list. Later, Trump lived in New York, where she reportedly voted in 2016 the first time her father-in-law won. Since September 2021, Trump has been a registered voter in Palm Beach County, Florida, according to the Florida Department of State. The N.C. State Board of Elections points to only three 'general candidate requirements' for running for U.S. Senate. Per federal law, candidates must be at least 30 years old, a U.S. citizen for at least nine years, and a resident of the state they are running from by the date of the general election. State law, however, requires candidates running in a party primary to be 'affiliated with that party for at least 90 days' as of the date that person officially files their notice of candidacy. Candidate filing for the 2026 primary election is currently scheduled to begin at noon on Monday, Dec. 1, 2025 and end at noon on Friday, Dec. 19, 2025. That means that if Trump decides to seek the Republican Party's nomination, she would need to move to North Carolina and register to vote here as a Republican by Sept. 20, 2025, at the latest. Other candidates for U.S. Senate who have gone on to win and represent North Carolina in Washington have grown up here, lived here, or have otherwise had ties here, but lived elsewhere at the time they began thinking about a campaign, and had to move back to the state to run. Former Sen. Elizabeth Dole, for example, took the first step towards running in the 2002 election when she registered to vote in her native Rowan County the previous August, declaring herself a legal resident of the state based in Salisbury, after spending more than three decades in Washington. At the time, Dole, a Republican, listed her residence as her childhood home on South Fulton Street, where her 100-year-old mother continued to live, according to a report in the Charlotte Observer, and turned in her registration form in person at the Rowan County administrative building.
