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Trump Administration eyes September deadline to finalise major trade agreement, says Bessent

Trump Administration eyes September deadline to finalise major trade agreement, says Bessent

West Australian11 hours ago

Trade deals between US President Donald Trump's administration and other countries could be done by the September 1 Labor Day holiday, US Treasury Secretary Scott Bessent says.
Mr Bessent on Friday cited talks with 18 main United States trading partners and new revisions to a deal with China aimed at expediting rare earths shipments.
The United States sent a new proposal to the European Union on Thursday and India sent a delegation to Washington DC for more talks.
'So we have countries approaching us with very good deals,' Mr Bessent said on Fox Business Network.
'We have 18 important trading partners. ... If we can ink 10 or 12 of the important 18, there are another important 20 relationships, then I think we could have trade wrapped up by Labor Day,' Mr Bessent said.
He did not mention any changes to a July 9 deadline for countries to reach deals with the United States or have tariffs spike higher, but has previously said that countries negotiating in good faith could get deals.
Mr Trump told reporters at the White House on Friday that he could extend the tariff deadline or 'make it shorter,' adding that within the next week and a half, he would notify countries of their tariff rates.
'I'd like to just send letters out to everybody: Congratulations. You're paying 25 per cent' tariffs, Mr Trump said in an apparent joke.
Mr Bessent said the United States and China had resolved issues surrounding shipments of Chinese rare earth minerals and magnets to the US, further modifying a deal reached in May in Geneva.
As part of its retaliation against new US tariffs, China suspended exports of a wide range of critical minerals and magnets, upending supply chains central to car makers, aerospace manufacturers, semiconductor companies and military contractors around the world.
During US-China talks in May in Geneva, China committed to removing the measures imposed since April 2 but those critical materials were not moving as fast as agreed, Mr Bessent said, so the US put countermeasures in place.
'I am confident now that we - as agreed, the magnets will flow,' Mr Bessent said, adding that these materials would go to US firms that had received them previously on a regular basis.
He did not disclose details of the latest agreement, which Trump administration officials said was reached earlier this week.
Efforts to resolve the dispute included a phone call between Mr Trump and Chinese President Xi Jinping which led to teams from both sides meeting again in London, as negotiators try to end a trade war between the world's biggest economies.
China's commerce ministry said on Friday the two countries have confirmed details on the framework of implementing the Geneva trade talks consensus.
It said China will approve export applications of controlled items in accordance with the law.
It did not mention rare earths.
China has dual-use restrictions in place on rare earths which it takes 'very seriously' and has been vetting buyers to ensure that materials are not diverted for US military uses, according to an industry source.
This has slowed down the licensing process.
Indian government sources told Reuters that a trade delegation from New Delhi was back in Washington DC on Friday aiming to sew up a limited US trade deal ahead of the July 9 deadline.
Trump administration officials frequently count India among countries with which trade talks are at an advanced stage, along with Japan.
But early optimism about a simple deal to reduce India's high tariffs has hit roadblocks over disagreements on US import duties for car parts, steel and farm goods, Indian officials with direct knowledge said.
Mr Trump said that his administration was looking to get a 'full trade barrier dropping' deal with India.
'I'm not sure that that's going to happen but as of this moment, we've agreed to that - go into India and trade,' Mr Trump said.

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US President Donald Trump riding high after historic immigration Supreme Court victory, finalises rare earth minerals deal with China
US President Donald Trump riding high after historic immigration Supreme Court victory, finalises rare earth minerals deal with China

Sky News AU

timean hour ago

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US President Donald Trump riding high after historic immigration Supreme Court victory, finalises rare earth minerals deal with China

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Trump victorious again as US Supreme Court closes term
Trump victorious again as US Supreme Court closes term

The Advertiser

timean hour ago

  • The Advertiser

Trump victorious again as US Supreme Court closes term

The US Supreme Court on the last day of rulings for its term gave Donald Trump his latest in a series of victories at the nation's top judicial body, one that might make it easier for him to implement contentious elements of his sweeping agenda as he tests the limits of presidential power. With its six conservative members in the majority and its three liberals dissenting, the court on Friday curbed the ability of judges to impede his policies nationwide, resetting the power balance between the federal judiciary and presidents. The ruling came after the Republican president's administration asked the Supreme Court to narrow the scope of so-called "universal" injunctions issued by three federal judges that halted nationally the enforcement of his January executive order limiting birthright citizenship. 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The decision did not, however, permit immediate implementation of Trump's directive, instead instructing lower courts to reconsider the scope of the injunctions. The ruling was authored by Justice Amy Coney Barrett, one of three conservative justices who Trump appointed during his first term in office from 2017 to 2021. Trump has scored a series of victories at the Supreme Court since returning to office in January. These have included clearing the way for his administration to resume deporting migrants to countries other than their own without offering them a chance to show the harms they could face and ending temporary legal status held by hundreds of thousands of migrants on humanitarian grounds. The court also permitted implementation of Trump's ban on transgender people in the military, let his administration withhold payment to foreign aid groups for work already performed for the government, allowed his firing of two Democratic members of federal labour boards to stand for now, and backed his Department of Government Efficiency in two disputes. "President Trump secured the relief he sought in most of his administration's cases," George Mason University law school professor Robert Luther III said. "Justice Barrett's opinion is a win for the presidency," Luther said of the decision on nationwide injunctions. "It recognises that the executive branch is a bully pulpit with a wide range of authorities to implement the promises of a campaign platform." Once again, as with many of the term's major decisions, the three liberal justices found themselves in dissent, a familiar position as the court under the guidance of Chief Justice John Roberts continues to shift American law rightward. The rulings in favour of Trump illustrate that "the court's three most liberal justices are proving less relevant now than at any earlier point in the Roberts court with respect to their impact on its jurisprudence", Luther said. The cases involving Trump administration policies came to the court as emergency filings rather than through the normal process, with oral arguments held only in the birthright litigation. And those arguments did not focus on the legality of Trump's action but rather on the actions of the judges who found it was likely unconstitutional. "One theme is the court's struggle to keep pace with a faster-moving legal world, especially as the Trump administration tests the outer boundaries of its powers," Boston College Law School professor Daniel Lyons said. In other cases during the nine-month term, the court sided with a Republican-backed ban in Tennessee on gender-affirming medical care for transgender minors, endorsed South Carolina's plan to cut off public funding to reproductive health care and abortion provider Planned Parenthood, and made it easier to pursue claims alleging workplace "reverse" discrimination. The court also spared two American gun companies from the Mexican government's lawsuit accusing them of aiding illegal firearms trafficking to drug cartels, and allowed parents to opt elementary school children out of classes when storybooks with LGBTQI characters are read. In several cases involving federal statutes, the message from the justices is that people unhappy with the outcome need to take that up with Congress, according to Loyola Law School professor Jessica Levinson. "The court is implicitly saying, 'That's Congress's problem to fix, and it's not the court's role to solve those issues'," Levinson said. This is the second straight year that the court ended its term with a decision handing Trump a major victory. On July 1, 2024, it ruled in favour of Trump in deciding that presidents cannot be prosecuted for official actions taken in office. It marked the first time the court recognised any form of presidential immunity from prosecution. The Supreme Court's next term begins in October but Trump's administration still has some emergency requests pending that the justices could act upon at any time. It has asked the court to halt a judicial order blocking mass federal job cuts and the restructuring of agencies. It also has asked the justices to rein in the judge handling a case involving deportations to so-called "third countries". Recent rulings "have really shown the court for what it is, which is a deeply conservative court", Georgia State University law professor Anthony Michael Kreis said. The court's jurisprudence reflected a larger shift in the national discourse, with Republicans feeling they had the political capital to achieve long-sought aims, Kreis said. The court's conservative majority, Kreis said, "is probably feeling more emboldened to act". The US Supreme Court on the last day of rulings for its term gave Donald Trump his latest in a series of victories at the nation's top judicial body, one that might make it easier for him to implement contentious elements of his sweeping agenda as he tests the limits of presidential power. With its six conservative members in the majority and its three liberals dissenting, the court on Friday curbed the ability of judges to impede his policies nationwide, resetting the power balance between the federal judiciary and presidents. The ruling came after the Republican president's administration asked the Supreme Court to narrow the scope of so-called "universal" injunctions issued by three federal judges that halted nationally the enforcement of his January executive order limiting birthright citizenship. The court's decision has "systematically weakened judicial oversight and strengthened executive discretion", said Paul Rosenzweig, a lawyer who served in Republican President George W Bush's administration. Friday's ruling said that judges generally could grant relief only to the individuals or groups who brought a particular lawsuit. The decision did not, however, permit immediate implementation of Trump's directive, instead instructing lower courts to reconsider the scope of the injunctions. The ruling was authored by Justice Amy Coney Barrett, one of three conservative justices who Trump appointed during his first term in office from 2017 to 2021. Trump has scored a series of victories at the Supreme Court since returning to office in January. These have included clearing the way for his administration to resume deporting migrants to countries other than their own without offering them a chance to show the harms they could face and ending temporary legal status held by hundreds of thousands of migrants on humanitarian grounds. The court also permitted implementation of Trump's ban on transgender people in the military, let his administration withhold payment to foreign aid groups for work already performed for the government, allowed his firing of two Democratic members of federal labour boards to stand for now, and backed his Department of Government Efficiency in two disputes. "President Trump secured the relief he sought in most of his administration's cases," George Mason University law school professor Robert Luther III said. "Justice Barrett's opinion is a win for the presidency," Luther said of the decision on nationwide injunctions. "It recognises that the executive branch is a bully pulpit with a wide range of authorities to implement the promises of a campaign platform." Once again, as with many of the term's major decisions, the three liberal justices found themselves in dissent, a familiar position as the court under the guidance of Chief Justice John Roberts continues to shift American law rightward. The rulings in favour of Trump illustrate that "the court's three most liberal justices are proving less relevant now than at any earlier point in the Roberts court with respect to their impact on its jurisprudence", Luther said. The cases involving Trump administration policies came to the court as emergency filings rather than through the normal process, with oral arguments held only in the birthright litigation. And those arguments did not focus on the legality of Trump's action but rather on the actions of the judges who found it was likely unconstitutional. "One theme is the court's struggle to keep pace with a faster-moving legal world, especially as the Trump administration tests the outer boundaries of its powers," Boston College Law School professor Daniel Lyons said. In other cases during the nine-month term, the court sided with a Republican-backed ban in Tennessee on gender-affirming medical care for transgender minors, endorsed South Carolina's plan to cut off public funding to reproductive health care and abortion provider Planned Parenthood, and made it easier to pursue claims alleging workplace "reverse" discrimination. The court also spared two American gun companies from the Mexican government's lawsuit accusing them of aiding illegal firearms trafficking to drug cartels, and allowed parents to opt elementary school children out of classes when storybooks with LGBTQI characters are read. In several cases involving federal statutes, the message from the justices is that people unhappy with the outcome need to take that up with Congress, according to Loyola Law School professor Jessica Levinson. "The court is implicitly saying, 'That's Congress's problem to fix, and it's not the court's role to solve those issues'," Levinson said. This is the second straight year that the court ended its term with a decision handing Trump a major victory. On July 1, 2024, it ruled in favour of Trump in deciding that presidents cannot be prosecuted for official actions taken in office. It marked the first time the court recognised any form of presidential immunity from prosecution. The Supreme Court's next term begins in October but Trump's administration still has some emergency requests pending that the justices could act upon at any time. It has asked the court to halt a judicial order blocking mass federal job cuts and the restructuring of agencies. It also has asked the justices to rein in the judge handling a case involving deportations to so-called "third countries". Recent rulings "have really shown the court for what it is, which is a deeply conservative court", Georgia State University law professor Anthony Michael Kreis said. The court's jurisprudence reflected a larger shift in the national discourse, with Republicans feeling they had the political capital to achieve long-sought aims, Kreis said. The court's conservative majority, Kreis said, "is probably feeling more emboldened to act". The US Supreme Court on the last day of rulings for its term gave Donald Trump his latest in a series of victories at the nation's top judicial body, one that might make it easier for him to implement contentious elements of his sweeping agenda as he tests the limits of presidential power. With its six conservative members in the majority and its three liberals dissenting, the court on Friday curbed the ability of judges to impede his policies nationwide, resetting the power balance between the federal judiciary and presidents. The ruling came after the Republican president's administration asked the Supreme Court to narrow the scope of so-called "universal" injunctions issued by three federal judges that halted nationally the enforcement of his January executive order limiting birthright citizenship. The court's decision has "systematically weakened judicial oversight and strengthened executive discretion", said Paul Rosenzweig, a lawyer who served in Republican President George W Bush's administration. Friday's ruling said that judges generally could grant relief only to the individuals or groups who brought a particular lawsuit. The decision did not, however, permit immediate implementation of Trump's directive, instead instructing lower courts to reconsider the scope of the injunctions. The ruling was authored by Justice Amy Coney Barrett, one of three conservative justices who Trump appointed during his first term in office from 2017 to 2021. Trump has scored a series of victories at the Supreme Court since returning to office in January. These have included clearing the way for his administration to resume deporting migrants to countries other than their own without offering them a chance to show the harms they could face and ending temporary legal status held by hundreds of thousands of migrants on humanitarian grounds. The court also permitted implementation of Trump's ban on transgender people in the military, let his administration withhold payment to foreign aid groups for work already performed for the government, allowed his firing of two Democratic members of federal labour boards to stand for now, and backed his Department of Government Efficiency in two disputes. "President Trump secured the relief he sought in most of his administration's cases," George Mason University law school professor Robert Luther III said. "Justice Barrett's opinion is a win for the presidency," Luther said of the decision on nationwide injunctions. "It recognises that the executive branch is a bully pulpit with a wide range of authorities to implement the promises of a campaign platform." Once again, as with many of the term's major decisions, the three liberal justices found themselves in dissent, a familiar position as the court under the guidance of Chief Justice John Roberts continues to shift American law rightward. The rulings in favour of Trump illustrate that "the court's three most liberal justices are proving less relevant now than at any earlier point in the Roberts court with respect to their impact on its jurisprudence", Luther said. The cases involving Trump administration policies came to the court as emergency filings rather than through the normal process, with oral arguments held only in the birthright litigation. And those arguments did not focus on the legality of Trump's action but rather on the actions of the judges who found it was likely unconstitutional. "One theme is the court's struggle to keep pace with a faster-moving legal world, especially as the Trump administration tests the outer boundaries of its powers," Boston College Law School professor Daniel Lyons said. In other cases during the nine-month term, the court sided with a Republican-backed ban in Tennessee on gender-affirming medical care for transgender minors, endorsed South Carolina's plan to cut off public funding to reproductive health care and abortion provider Planned Parenthood, and made it easier to pursue claims alleging workplace "reverse" discrimination. The court also spared two American gun companies from the Mexican government's lawsuit accusing them of aiding illegal firearms trafficking to drug cartels, and allowed parents to opt elementary school children out of classes when storybooks with LGBTQI characters are read. In several cases involving federal statutes, the message from the justices is that people unhappy with the outcome need to take that up with Congress, according to Loyola Law School professor Jessica Levinson. "The court is implicitly saying, 'That's Congress's problem to fix, and it's not the court's role to solve those issues'," Levinson said. This is the second straight year that the court ended its term with a decision handing Trump a major victory. On July 1, 2024, it ruled in favour of Trump in deciding that presidents cannot be prosecuted for official actions taken in office. It marked the first time the court recognised any form of presidential immunity from prosecution. The Supreme Court's next term begins in October but Trump's administration still has some emergency requests pending that the justices could act upon at any time. It has asked the court to halt a judicial order blocking mass federal job cuts and the restructuring of agencies. It also has asked the justices to rein in the judge handling a case involving deportations to so-called "third countries". Recent rulings "have really shown the court for what it is, which is a deeply conservative court", Georgia State University law professor Anthony Michael Kreis said. The court's jurisprudence reflected a larger shift in the national discourse, with Republicans feeling they had the political capital to achieve long-sought aims, Kreis said. The court's conservative majority, Kreis said, "is probably feeling more emboldened to act".

Trump victorious again as US Supreme Court closes term
Trump victorious again as US Supreme Court closes term

West Australian

time2 hours ago

  • West Australian

Trump victorious again as US Supreme Court closes term

The US Supreme Court on the last day of rulings for its term gave Donald Trump his latest in a series of victories at the nation's top judicial body, one that might make it easier for him to implement contentious elements of his sweeping agenda as he tests the limits of presidential power. With its six conservative members in the majority and its three liberals dissenting, the court on Friday curbed the ability of judges to impede his policies nationwide, resetting the power balance between the federal judiciary and presidents. The ruling came after the Republican president's administration asked the Supreme Court to narrow the scope of so-called "universal" injunctions issued by three federal judges that halted nationally the enforcement of his January executive order limiting birthright citizenship. The court's decision has "systematically weakened judicial oversight and strengthened executive discretion", said Paul Rosenzweig, a lawyer who served in Republican President George W Bush's administration. Friday's ruling said that judges generally could grant relief only to the individuals or groups who brought a particular lawsuit. The decision did not, however, permit immediate implementation of Trump's directive, instead instructing lower courts to reconsider the scope of the injunctions. The ruling was authored by Justice Amy Coney Barrett, one of three conservative justices who Trump appointed during his first term in office from 2017 to 2021. Trump has scored a series of victories at the Supreme Court since returning to office in January. These have included clearing the way for his administration to resume deporting migrants to countries other than their own without offering them a chance to show the harms they could face and ending temporary legal status held by hundreds of thousands of migrants on humanitarian grounds. The court also permitted implementation of Trump's ban on transgender people in the military, let his administration withhold payment to foreign aid groups for work already performed for the government, allowed his firing of two Democratic members of federal labour boards to stand for now, and backed his Department of Government Efficiency in two disputes. "President Trump secured the relief he sought in most of his administration's cases," George Mason University law school professor Robert Luther III said. "Justice Barrett's opinion is a win for the presidency," Luther said of the decision on nationwide injunctions. "It recognises that the executive branch is a bully pulpit with a wide range of authorities to implement the promises of a campaign platform." Once again, as with many of the term's major decisions, the three liberal justices found themselves in dissent, a familiar position as the court under the guidance of Chief Justice John Roberts continues to shift American law rightward. The rulings in favour of Trump illustrate that "the court's three most liberal justices are proving less relevant now than at any earlier point in the Roberts court with respect to their impact on its jurisprudence", Luther said. The cases involving Trump administration policies came to the court as emergency filings rather than through the normal process, with oral arguments held only in the birthright litigation. And those arguments did not focus on the legality of Trump's action but rather on the actions of the judges who found it was likely unconstitutional. "One theme is the court's struggle to keep pace with a faster-moving legal world, especially as the Trump administration tests the outer boundaries of its powers," Boston College Law School professor Daniel Lyons said. In other cases during the nine-month term, the court sided with a Republican-backed ban in Tennessee on gender-affirming medical care for transgender minors, endorsed South Carolina's plan to cut off public funding to reproductive health care and abortion provider Planned Parenthood, and made it easier to pursue claims alleging workplace "reverse" discrimination. The court also spared two American gun companies from the Mexican government's lawsuit accusing them of aiding illegal firearms trafficking to drug cartels, and allowed parents to opt elementary school children out of classes when storybooks with LGBTQI characters are read. In several cases involving federal statutes, the message from the justices is that people unhappy with the outcome need to take that up with Congress, according to Loyola Law School professor Jessica Levinson. "The court is implicitly saying, 'That's Congress's problem to fix, and it's not the court's role to solve those issues'," Levinson said. This is the second straight year that the court ended its term with a decision handing Trump a major victory. On July 1, 2024, it ruled in favour of Trump in deciding that presidents cannot be prosecuted for official actions taken in office. It marked the first time the court recognised any form of presidential immunity from prosecution. The Supreme Court's next term begins in October but Trump's administration still has some emergency requests pending that the justices could act upon at any time. It has asked the court to halt a judicial order blocking mass federal job cuts and the restructuring of agencies. It also has asked the justices to rein in the judge handling a case involving deportations to so-called "third countries". Recent rulings "have really shown the court for what it is, which is a deeply conservative court", Georgia State University law professor Anthony Michael Kreis said. The court's jurisprudence reflected a larger shift in the national discourse, with Republicans feeling they had the political capital to achieve long-sought aims, Kreis said. The court's conservative majority, Kreis said, "is probably feeling more emboldened to act".

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