Will Trump invoke the Insurrection Act in response to LA protests?
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USA Today
a minute ago
- USA Today
North Korea's Kim Jong Un vows to win anti-US battle as country marks Korean War anniversary
North Korean leader Kim Jong Un said the country would achieve victory in "anti-imperalist, anti-U.S." battles, as the country marked the anniversary of the Korean War armistice, state media reported on Sunday. Kim "affirmed that our state and its people would surely achieve the great cause of building a rich country with a strong army and become honorable victors in the anti-imperialist, anti-U.S. showdown," KCNA state news agency said, referring to his visit to a war museum on a previous day. North Korea signed an armistice agreement with the United States and China on July 27, 1953, ending the fighting in the three-year war. U.S. generals signed the agreement representing the United Nations forces that had backed South Korea. North Korea calls July 27 "Victory Day" even though the armistice drew a border dividing the Korean peninsula roughly equally in area after the two sides had made major advances back and forth during the war. South Korea does not mark the day with any major events. But in a speech read out on July 27 at a commemoration ceremony honoring Korean War veterans in Washington, South Korea's President Lee Jae Myung pledged to further cement the country's alliance with the United States and protect freedom and peace. "Through efforts in various fields including politics, economy, security, and culture, we will further strengthen the noble South Korea-U.S. alliance forged in blood and make even more efforts to firmly protect freedom and peace on the Korean Peninsula," Lee said. North Korea is now fighting alongside Russia in the war in Ukraine. Thousands of North Korean troops were deployed to Russia's Kursk region, while Pyongyang has also supplied Russia with munitions. It may deploy more troops in July or August, South Korea has said. Kim also visited memorials honouring the veterans of the 1950-53 war including the Tower of Friendship remembering the Chinese People's Liberation Army soldiers who fought with the North Koreans, and met soldiers in an artillery regiment to celebrate the day, state media KCNA said. (Reporting by Ju-min Park in Seoul; Editing by Matthew Lewis and Kate Mayberry)
The Hill
a minute ago
- The Hill
Lutnick says tariffs set in place Aug 1: ‘No extensions. No more grace periods.'
Commerce Secretary Howard Lutnick said on Sunday that President Trump would not grant any further extensions to countries wishing to negotiate trade deals ahead of the Aug. 1 deadline. 'No extensions, no more grace periods. Aug. 1, the tariffs are set,' Lutnick said in an interview on 'Fox News Sunday.' 'They'll go into place, customs will start collecting the money, and off we go,' Lutnick continued. Lutnick added, however, that the president would be open to continuing to negotiate even once the tariffs are in place. 'Obviously after Aug. 1, people can still talk to President Trump,' Lutnick said. 'I mean, he's always willing to listen.' The president will also continue to talk to other countries before the Aug. 1 deadline, Lutnick added. 'Whether they can make him happy is another question,' Lutnick said. 'But the president's definitely willing to negotiate and talk to the big economies for sure.' The interview came shortly before Trump announced a trade deal with the European Union, setting tariffs at 15 percent for European goods, including automobiles. The EU agreed to purchase $750 billion worth of energy from the U.S. as part of the deal, Trump announced on Sunday, and to invest in the U.S. $600 billion more than the current investments for other goods. The agreement is lower than the 30 percent tariff Trump had threatened to impose on the EU, which was set to take effect on Aug. 1, and avoids a trade war with the U.S.'s largest trading partner. Trump earlier this month posted letters to social media sent to more than a dozen countries vowing to impose steep tariffs on their imports starting Aug. 1. An initial round of tariffs unveiled in April were paused for 90 days to allow time for negotiations, and the president then pushed the deadline for the tariffs to take effect back by another couple weeks — to Aug. 1.
Bloomberg
2 minutes ago
- Bloomberg
Big Take: Tariffs Risk $2 Trillion Hit to Global GDP
For months, the impact of President Trump's aggressive trade policy has largely felt theoretical. But with an Aug. 1 tariff extension on the horizon and a consequential week ahead for the president's broader economic agenda, the cracks are beginning to show. On today's Big Take podcast, Bloomberg senior economic writer Shawn Donnan joins David Gura to break down the tariff fallout hiding in plain sight, and which sectors and countries are being hit the hardest.
