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The Hill
a few seconds ago
- The Hill
Navarro suggests Trump for Nobel Prize in economics
White House trade adviser Peter Navarro on Thursday said President Trump deserves a Nobel Prize for his commitment to 'restructuring' global trade rates. 'I'm thinking that since he's basically taught the world trade economics, he might be up for the Nobel on economics because this is a fundamental restructuring of the international trade environment in a way where the biggest market in the world has said, you're not going to cheat us anymore,' Navarro said during an appearance on Fox Business Network. 'We're going to have fair deals. And everything he's doing has defied the critics. The tariffs have been tax cuts rather than inflation,' he added. Navarro said the White House's trade negotiations are 'working beautifully' to weed out other countries' unfair advantages. So far, the Trump administration has secured deals with the United Kingdom, European Union and Japan while awaiting a more permanent agreement with China, the world's second-largest economy. 'These deals are happening now fast and certainly look incredibly effective,' Navarro said, lauding Trump's leadership. In recent months, multiple entities have nominated the president for the coveted prize. GOP Reps. Buddy Carter (R-Ga.) and Darrell Issa (Calif.) separately nominated Trump for the Nobel Peace Prize for the president's role in ushering peace agreement s in the Middle East to include conflict resolution between Iran and Israel. Israeli Prime Minister Benjamin Netanyahu also presented the president with a letter nominating him for the Nobel Peace Prize in early July after Trump pushed for a ceasefire between Israel and Iran. A month prior, Pakistani officials nominated the leader for a prize due to his intervention in their disagreement with India, and later condemning U.S. strikes on Iran. However, the president remains skeptical that he'll win the award last given to a U.S. leader when former President Obama received it months into his first term. 'I won't get a Nobel Peace Prize for this, I won't get a Nobel Peace Prize for stopping the War between India and Pakistan, I won't get a Nobel Peace Prize for stopping the War between Serbia and Kosovo,' he wrote in a June Truth Social post, also naming conflicts in North Africa and the Middle East. 'No, I won't get a Nobel Peace Prize no matter what I do, including Russia/Ukraine, and Israel/Iran, whatever those outcomes may be, but the people know, and that's all that matters to me!' Trump added. The president was additionally nominated for the prize last year for the brokerage of the Abraham Accords and by 18 House Republicans in 2018 for denuclearizing the Korean Peninsula and end the 68-year-old war between North and South Korea.
Hamilton Spectator
a minute ago
- Hamilton Spectator
Trump lowers expectations of trade deal with Canada, gives 90-day delay to Mexico
WASHINGTON - Donald Trump dampened expectations of a deal with Canada materializing at the last minute as his tariff deadline loomed Thursday — but the U.S. president did give a 90-day deadline delay to Mexico. In a post on social media early Thursday morning, the president said it will be very hard to make a deal with Canada after Prime Minister Mark Carney announced Wednesday Ottawa intends to recognize a Palestinian state. Trump previously sent a letter to Carney threatening to impose 35 per cent tariffs if Canada doesn't make a trade deal by Friday. The White House has said those duties would not apply to goods compliant with the Canada-U.S.-Mexico Agreement on trade, better known as CUSMA. In a separate social media post, Trump said he spoke with Mexico's President Claudia Sheinbaum and agreed to extend Mexico's trade deal deadline because the 'complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border.' Trump's previous letter to Sheinbaum threatened 30 per cent tariffs. The Thursday post said the current 25 per cent fentanyl-related tariffs, as well as sectoral tariffs on steel, aluminum, copper and automobiles, will remain in place. 'Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many,' Trump said. 'We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.' While Trump continued to claim in posts on social media that tariffs are making 'America GREAT & RICH Again,' the president's main tool for realigning global trade faces a hurdle in court. The U.S. Court of Appeals for the Federal Circuit is hearing Thursday from businesses and states that say Trump's use of a national security statute to implement the duties is beyond his powers as president. 'To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today,' Trump said in a social media post. 'If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!' The U.S. Court of International Trade ruled in May that Trump does not have the authority to wield tariffs on nearly every country through the use of the International Economic Emergency Powers Act of 1977. The act, usually referred to by the acronym IEEPA, gives the U.S. president authority to control economic transactions after declaring an emergency. No previous president had ever used it for tariffs and the U.S. Constitution reserves power over taxes and tariffs for Congress. The Trump administration quickly appealed the lower court's ruling on the so-called 'Liberation Day' and fentanyl-related tariffs. The Trump administration's lawyer argued in the appeals court Thursday morning that there are still checks and balances on the president's powers and he has the authority to use the statute to impose duties — despite the fact that word 'tariff' is not in IEEPA. This report by The Canadian Press was first published July 31, 2025.
Bloomberg
2 minutes ago
- Bloomberg
US Puts Sanctions on Palestinian Groups in Blow to State Claims
The US imposed sanctions on members of the Palestine Liberation Organization and Palestinian Authority, a counter-action to moves from European countries toward recognizing a Palestinian state. The State Department said the new restrictions would block visas to members of the internationally recognized PLO and the PA due to a failure to meet certain commitments.
