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Trump says Japan engages in ‘unfair' auto trade with U.S., Reuters reports

Trump says Japan engages in ‘unfair' auto trade with U.S., Reuters reports

During an interview broadcast with Fox News, President Donald Trump said Japan engages in 'unfair' automobile trade with the U.S. and should increase its imports of U.S. energy resources and other goods, Reuters reports.
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Trump warns of 'whopping 68% tax increase' if Senate fails to pass historic bill
Trump warns of 'whopping 68% tax increase' if Senate fails to pass historic bill

Fox News

time8 minutes ago

  • Fox News

Trump warns of 'whopping 68% tax increase' if Senate fails to pass historic bill

As the Senate continued to inch closer to finalizing President Donald Trump's "One Big Beautiful Bill," the president took to social media early Tuesday to warn that a failure to come to an agreement would end in the largest tax increase in history. The message came after lawmakers had been in a marathon "vote-a-rama," for several hours, submitting amendments to the megabill from either side of the aisle. "Republicans, the One Big Beautiful Bill, perhaps the greatest and most important of its kind in history, gives the largest Tax Cuts and Border Security ever, Jobs by the Millions, Military/Vets increases, and so much more. The failure to pass means a whopping 68% Tax increase, the largest in history!!!," he posted. There is currently no end in sight as Republican leaders are searching for ways to garner support for the bill while simultaneously fighting proposed amendments from Democrats who are opposing it. GOP leaders have a narrow margin and cannot afford to lose more than three Republican senators as two, Sen. Thom Tillis of North Carolina and Sen. Rand Paul of Kentucky has already indicated that they oppose it. Tillis announced that he would not be seeking reelection after President Trump made threats of a campaign against him. Senate Majority Leader John Thune of South Dakota said Republicans are "figuring out how to get to the end game," but an end to the vote-a-rama has been predicted to come well into the middle of the night. The bill, if passed, will enact Trump's domestic tax and spending agenda that includes $4.5 trillion in tax cuts, according to the latest CBO analysis. The package would also roll back billions in green energy tax credits threatening wind and solar investments, according to Democrats. Billionaire Elon Musk, who until a few weeks ago led the Department of Government Efficiency (DOGE), took to social media late Monday, lashing out at Republicans as "the PORKY PIG PARTY!!" for including a provision, he argued, would raise the nation's debt limit by $5 trillion. Trump fired back at Musk on Truth Social, threatening to turn DOGE on its former leader. "Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one. Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!" the president wrote. The bill will also impose $1.2 trillion in cuts to Medicaid and food stamps and make sign-up eligibility more rigorous and change federal reimbursements to states. It will also provide a $350 billion infusion for border and national security to include deportations.

Bloomberg Daybreak Europe: EU to Accept 10% US Tariff
Bloomberg Daybreak Europe: EU to Accept 10% US Tariff

Bloomberg

time8 minutes ago

  • Bloomberg

Bloomberg Daybreak Europe: EU to Accept 10% US Tariff

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc's exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft. (2) President Donald Trump threatened to proceed with ramping up tariffs on Japan, while his top economic adviser said the White House aims to finalize deals with partners after the July 4 holiday. (3) UK Prime Minister Keir Starmer is girding for what could be the most consequential vote of his premiership, with Labour rebels warning that the government's welfare overhaul still risks defeat despite huge concessions to push it through parliament. (4) Apple is considering using artificial intelligence technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort. (5) Cybersecurity woes are plaguing the US Treasury Department, deepening a rift between the agency responsible for protecting the integrity of the financial system and the banks it regulates. (6) Senate Republican leaders continue to scrounge for votes to pass Donald Trump's $3.3 trillion tax and spending bill as lingering intraparty fights threaten to upend the legislative centerpiece of the president's domestic agenda.

Iowa's civil rights protections no longer include gender identity

time12 minutes ago

Iowa's civil rights protections no longer include gender identity

DES MOINES, Iowa -- Iowa became the first state to remove gender identity from its civil rights code under a law that took effect Tuesday, meaning transgender and nonbinary residents are no longer protected from discrimination in their job, housing and other aspects of life. The law also explicitly defines female and male based on reproductive organs at birth and removes the ability for people to change the sex designation on their birth certificate. An unprecedented take-back of legal rights after nearly two decades in Iowa code leaves transgender, nonbinary and potentially even intersex Iowans more vulnerable now than they were before. It's a governing doctrine now widely adopted by President Donald Trump and Republican-led states despite the mainstream medical view that sex and gender are better understood as a spectrum than as an either-or definition. When Republican Gov. Kim Reynolds signed Iowa's new law, she said the state's previous civil rights code 'blurred the biological line between the sexes.' 'It's common sense to acknowledge the obvious biological differences between men and women. In fact, it's necessary to secure genuine equal protection for women and girls,' she said in a video statement. Also taking effect Tuesday are provisions in the state's health and human services budget that say Medicaid recipients are no longer covered for gender-affirming surgery or hormone therapy. Iowa's state Capitol filled with protesters as the law went through the Republican-controlled Legislature and to Reynolds' desk in just one week in February. Iowa Republicans said laws passed in recent years to restrict transgender students' use of bathrooms and locker rooms, and their participation on sports teams, could not coexist with a civil rights code that includes gender identity protections. About two dozen other states and the Trump administration have advanced restrictions on transgender people. Republicans say such laws and executive actions protect spaces for women, rejecting the idea that people can transition to another gender. Many face court challenges. About two-thirds of U.S. adults believe that whether a person is a man or woman is determined by biological characteristics at birth, an Associated Press-NORC Center for Public Affairs Research poll conducted in May found. But there's less consensus on policies that target transgender and nonbinary people. Transgender people say those kinds of policies deny their existence and capitalize on prejudice for political gain. In a major setback for transgender rights nationwide, the U.S. Supreme Court last month upheld Tennessee's ban on puberty blockers and hormone treatments for transgender minors. The court's conservative majority said it doesn't violate the Constitution's equal protection clause, which requires the government to treat similarly situated people the same. Not every state includes gender identity in their civil rights code, but Iowa was the first to remove nondiscrimination protections based on gender identity, according to the Movement Advancement Project, an LGBTQ+ rights think tank. Iowans will still have time to file a complaint with the state Office of Civil Rights about discrimination based on gender identity that occurred before the law took effect. State law requires a complaint to be submitted within 300 days after the most recent incident of alleged discrimination. That means people have until April 27 to file a complaint about discrimination based on gender identity, according to Kristen Stiffler, the office's executive director. Sixty-five such complaints were filed and accepted for investigation from July 2023 through the end of June 2024, according to Stiffler. Forty-three were filed and accepted from July 1, 2024, through June 19 of this year. Iowa state Rep. Aime Wichtendahl, a Democrat and the state's first openly transgender lawmaker, fears the law will lead to an increase in discrimination for transgender Iowans. 'Anytime someone has to check your ID and they see that the gender marker doesn't match the appearance, then that opens up hostility, discrimination as possibilities,' Wichtendahl said, naming examples such as applying for a job, going through the airport, buying beer or getting pulled over in a traffic stop. 'That instantly outs you. That instantly puts you on the spot.' About half of U.S. states include gender identity in their civil rights code to protect against discrimination in housing and public places, such as stores or restaurants, according to the Movement Advancement Project. Some additional states do not explicitly protect against such discrimination, but it is included in legal interpretations of statutes. Five years ago, the U.S. Supreme Court ruled LGBTQ people are protected by a landmark federal civil rights law that prohibits sex discrimination in the workplace. But Iowa's Supreme Court has expressly rejected the argument that discrimination based on sex includes discrimination based on gender identity. The months between when the bill was signed into law and when it took effect gave transgender Iowans time to pursue amended birth certificates before that option was eliminated. Keenan Crow, with LGBTQ+ advocacy group One Iowa, said the group has long cosponsored legal clinics to assist with that process. 'The last one that we had was by far the biggest,' Crow said. Iowa's Department of Transportation still has a process by which people can change the gender designation on their license or identification card but has proposed administrative rules to eliminate that option. Wichtendahl also said she has talked to some families who are looking to move out of state as a result of the new law. 'It's heartbreaking because this is people's lives we're talking about," Wichtendahl added. 'These are families that have trans loved ones and it's keeping their loved ones away, it's putting their loved ones into uncertain future, putting their health and safety at risk.'

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