China's Share of US Imports Falls to 7% as Vietnam Closes in
That's a 4.3 percentage point lower than the same period last year and part of a longer-term decline that began during President Donald Trump's first term in office. China's share of imports was recently as high as 14.8% in September 2024, prior to Trump returning to office and implementing steep new tariffs on imports from the country.
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Gov. DeSantis taps ally Blaise Ingoglia as Florida CFO, snubbing President Trump's pick
Gov. Ron DeSantis on July 16 named state Sen. Blaise Ingoglia as Florida's new Chief Financial Officer, more than three months after Jimmy Patronis left the Cabinet post to take a seat in Congress. Ingoglia, 54, is a Spring Hill Republican and businessman who is a staunch DeSantis ally. He owns homebuilding company Hartland Homes and listed his net worth at $28.3 million on his most recent financial disclosure. He served as chair of the Republican Party of Florida in 2015–19 and later helped run a DeSantis political committee when the governor ran for the GOP nomination for president in 2024. This latest move, however, also sets up a political clash between DeSantis and President Donald Trump. On the campaign trail, Trump repeatedly bashed DeSantis on his way to easily winning the nomination and the general election. The two have thawed their frosty relationship since Trump took office in January – but that will likely change with the appointment of Ingoglia. Trump already has endorsed state Sen. Joe Gruters, R-Sarasota, for the CFO race next year. Gruters, 48, is an accountant by trade who also served as RPOF chair, taking over after Ingoglia left the position in 2019. Gruters is a longtime Trump backer who endorsed him over DeSantis during the primary and has already amassed a $917,000 war chest for the campaign. Two key pieces of Trump's 2024 campaign, pollster Tony Fabrizio and senior advisor Chris LaCivita, said they'll work on Gruters' race. 'Joe is a rockstar who has earned the trust and support of President Trump,' Fabrizio said in a statement. 'DeSantis learned the hard way that opposing President Trump in statewide Republican contests is a recipe for disaster. 'Appointing a Never-Trumper for CFO over Trump's endorsed candidate will be viewed as a direct rebuke to the MAGA agenda and will end up just like DeSantis' other anti-MAGA efforts.' Ingoglia's appointment fills a key position on the Cabinet that had been left vacant since April 1. That's when Patronis, a Panama City Republican, won a Panhandle-based U.S. House seat in a special election. Patronis announced his resignation in December 2024 when he decided to run for the seat vacated by former U.S. Rep. Matt Gaetz, who was initially appointed to be U.S. attorney general by Trump but ran into opposition to his confirmation in the U.S. Senate. Patronis previously urged DeSantis to name a successor well before he left office, saying the post was too important to be left vacant for long. The CFO is in charge of paying all state vendors, leads the Department of Financial Services which oversees state insurance and financial regulators. The incumbent also acts as the state fire marshal. But DeSantis said he wanted to vet potential candidates and didn't want to fill the post until after the legislative session, which was supposed to end May 2 but ultimately dragged on until June 16 amid a stalemate over budget talks between the state House and Senate. Although DeSantis named an interim or temporary attorney general when that position became vacant earlier this year before eventually tapping James Uthmeier to the post, he didn't take that approach with the CFO job. Instead, Susan Miller, who was chief of staff under Patronis, has been the de facto leader of the department, acting with the authority of the CFO but without the title. This is a developing news story. Check back later for more. Gray Rohrer is a reporter with the USA TODAY Network-Florida Capital Bureau. He can be reached at grohrer@ Follow him on X: @GrayRohrer. This article originally appeared on Tallahassee Democrat: DeSantis names Ingoglia as state CFO over Trump-backed Gruters
Yahoo
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Elon Musk changed his phone number after nasty split with Trump, says Mike Johnson
Speaker of the House Mike Johnson claims billionaire and CEO Elon Musk changed his phone number after his public falling-out with President Donald Trump. Johnson, a Republican from Louisiana, told The New York Post he discovered the change while trying to text Musk amid the 'Big, Beautiful Bill' drama. Johnson previously said Musk ghosted him after the billionaire blew up at Trump over the sweeping spending and tax bill, which cuts taxes for wealthy Americans while curbing access to healthcare and food access programs for millions. 'I sent him a long text message, and then his phone number changed, because after the blow-up, something happened with his,' Johnson told The New York Post. '[Later I] realized I was sending it out into the ether somewhere and he never read it, so I look forward to meeting with him in person,' he added. 'We got to make that right.' Musk was once the president's 'First Buddy,' but the pair have traded blows over the 'Big, Beautiful Bill' in recent weeks. Speaker of the House Mike Johnson said Elon Musk changed his phone number after his feud with President Donald Trump (Getty) Trump signed the bill on July 4. But for a month leading up to its passage, Musk railed against it, arguing it would increase the budget deficit by $2.5 trillion. 'I'm sorry, but I just can't stand it anymore,' Musk wrote of Trump's bill on June 3. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.' Musk spent several months this year leading the Department of Government Efficiency's efforts to slash government spending. Under his leadership, DOGE laid off hundreds of thousands of federal employees, hollowed out several agencies and terminated thousands of government contracts and grants. Musk and Trump continued to spar until June 5, when the former DOGE leader claimed the president appeared in the Epstein files. 'Time to drop the really big bomb: @realDonaldTrump is in the Epstein files,' Musk wrote. 'That is the real reason they have not been made public. Have a nice day, DJT!' Tensions appeared to ease soon afterward. Musk expressed 'regret' on June 11 for the posts he made about the president, while Trump revealed he had 'no hard feelings' toward Musk. Soon after the bill was signed, Musk announced that he would be forming the new 'America Party.' 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' he wrote on X. Trump called the idea 'ridiculous.' The president also threatened to 'take a look at' deporting Elon Musk to South Africa, where he was born and raised for several years.
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23 minutes ago
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CNOOC achieves breakthrough in South China Sea exploration
China National Offshore Oil Corporation (CNOOC) has reported a significant discovery in the South China Sea, identifying oil and gas reserves in metamorphic buried hills for the first time off the coast of China. The development is centred around the Weizhou 10-5 South Oil and Gas Field, situated in the Beibu Gulf, where the water depth averages 37m. The exploration well, designated WZ10-5S-2d, has encountered an oil and gas pay zone measuring 211m. Drilling reached a total depth of 3,362m. Testing of the well has revealed daily production capabilities of 165,000ft³ of natural gas and 400 barrels of crude oil. CNOOC CEO Zhou Xinhuai said: "This represents the first major breakthrough in metamorphic sandstone and slate buried hills exploration offshore China, setting an important example for advancing deep plays and buried hills oil and gas exploration.' CNOOC chief geologist Xu Changgui said: "In recent years, CNOOC has consistently intensified theoretical innovation and tackled key technology challenges in buried hills and deep plays exploration. 'Breakthroughs have been achieved in the exploration of Paleozoic granite and Proterozoic metamorphic sandstone and slate buried hills within the Beibu Gulf Basin. 'They demonstrate the vast exploration potential in buried hills formations, drive the secondary exploration process in mature areas, and mark the commencement of large-scale exploration of buried hills in the Beibu Gulf Basin." The discovery follows CNOOC recently starting production at the Weizhou 5-3 oilfield development project in the Beibu Gulf Basin. Situated in waters averaging a depth of 35m, the project is anticipated to achieve peak production of 10,000 barrels of oil equivalent per day by 2026. Earlier this year, the company unveiled a substantial oilfield discovery in the eastern South China Sea at an average water depth of around 100m. "CNOOC achieves breakthrough in South China Sea exploration" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
