U.S. Treasurys Sell Off to End Week Lower
0908 ET – A risk-off trend continues, sending Treasury yields higher and keeping them on path for a second consecutive weekly increase. The tariff war goes on, with Trump announcing a 35% levy on imports from Canada starting in August. June U.S. consumer inflation index is due next week and some economists expect an acceleration due to tariffs. The 10-year is at 4.386% and the two-year at 3.888%. (paulo.trevisani@wsj.com; @ptrevisani)
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Washington Post
16 minutes ago
- Washington Post
From tariffs to universities, Trump's negotiating style is often less dealmaking and more coercion
WASHINGTON — President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise. In the last week, Trump has slapped trading partnerswith tariffs rather than slog through prolonged talks to reach agreements. He ratcheted up the pressure on the Federal Reserve to cut interest rates. And his administration launched a new investigation into higher education as he tries to reshape universities.
Associated Press
22 minutes ago
- Associated Press
From tariffs to universities, Trump's negotiating style is often less dealmaking and more coercion
WASHINGTON (AP) — President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise. In the last week, Trump has slapped trading partnerswith tariffs rather than slog through prolonged talks to reach agreements. He ratcheted up the pressure on the Federal Reserve to cut interest rates. And his administration launched a new investigation into higher education as he tries to reshape universities. For Trump, a deal isn't necessarily agreement in which two sides compromise — it's an opportunity to bend others to his will. While Trump occasionally backs down from his threats, the past week is a reminder that they are a permanent feature of his presidency. As Trump tightens his grip on independent institutions, there are fewer checks on his power. Republicans in Congress fear primary challenges backed by the president, and the Supreme Court is stocked with appointees from his first term. Trump recently summed up his approach when talking to reporters about trade talks with other countries. 'They don't set the deal,' he said. 'I set the deal.' Trump's allies believe his aggression is required in a political ecosystem where he's under siege from Democrats, the court system and the media. In their view, the president is simply trying to fulfill the agenda that he was elected to achieve. But critics fear he's eroding the country's democratic foundations with an authoritarian style. They say the president's focus on negotiations is a facade for attempts to dominate his opponents and expand his power. 'Pluralism and a diversity of institutions operating with autonomy — companies, the judiciary, nonprofit institutions that are important elements of society — are much of what defines real democracy,' said Larry Summers, a former Treasury secretary and former president of Harvard University. 'That is threatened by heavy handed, extortionist approaches.' Seeking control of higher education Harvard has been a top target for Trump, starting in April when he demanded changes to the university's governance and new faculty members to counteract liberal bias. As Harvard resisted, administration officials terminated $2.2 billion in federal grants. The money is the lifeblood of the university's sprawling research operation, which includes studies on cancer, Parkinson's disease, space travel and pandemic preparedness. Trump has also attempted to block Harvard from hosting roughly 7,000 foreign students, and he's threatened to revoke its tax-exempt status. His administration recently sent subpoenas asking for student data. 'They'll absolutely reach a deal,' Trump said Wednesday. Administration officials also pulled $175 million from the University of Pennsylvania in March over a dispute around women's sports. They restored it when school officials agreed to update records set by transgender swimmer Lia Thomas and change their policies. Columbia University bent to Trump by putting its Middle East studies department under new supervision, among other changes, after the administration pulled $400 million in federal funding. At the University of Virginia, President James Ryan resigned under pressure following a Justice Department investigation into diversity, equity and inclusion practices. A similar investigation was opened Thursday at George Mason University. 'Federal funding is a privilege, not a right, for colleges and universities,' said Kush Desai, a White House spokesman. Such steps were unheard of before Trump took office. Ted Mitchell, president of the American Council on Education and an Education Department official under President Barack Obama, said Trump isn't seeking deals but is 'demanding more and more and more.' 'Institutional autonomy is an important part of what makes higher education work,' he said. 'It's what enables universities to pursue the truth without political considerations.' Going after the Federal Reserve's independence The Fed has also faced Trump's wrath. He blames Fed Chair Jerome Powell for moving too slowly to cut interest rates, which could make consumer debt like mortgages and auto loans more affordable. It could also help the U.S. government finance the federal debt that's expected to climb from the tax cuts that Trump recently signed into law. Powell has held off on cutting the central bank's benchmark rate, as Trump's tariffs could possibly worsen inflation and lower rates could intensify that problem. Desai said the White House believes the Fed should act based on what the data currently shows, which is that 'President Trump's policies have swiftly tamed inflation.' Although Trump has said he won't try to fire Powell — a step that might be impossible under the law anyway — he's called on him to resign. In addition, Trump's allies have increased their scrutiny of Powell's management, particularly an expensive renovation of the central bank's headquarters. David Wessel, a senior fellow in economic studies at the Brookings Institution, said Trump's approach could undermine the Fed's credibility by casting a political shadow over its decisions. 'There will be real costs if markets and global investors think the Fed has been beaten into submission by Trump,' he said. Tariff threats instead of trade deals Trump originally wanted to enact sweeping tariffs in April. In his view, import taxes would fix the challenge of the U.S. buying too much from other countries and not selling enough overseas. After a backlash in financial markets, Trump instituted a three-month negotiating period on tariffs. Peter Navarro, one of his advisers, said the goal was '90 deals in 90 days.' The administration announced a few trade frameworks with the United Kingdom and Vietnam, but Trump ran out of patience. He's sent letters to two dozen nations and the European Union informing them of their tariff rates, such as 30% against the EU and Mexico, potentially undercutting the work of his own negotiators. Desai said Trump's approach has generated 'overwhelming interest' from other countries in reaching trade deals and gives the U.S. leverage in negotiations. John C. Brown, a professor emeritus of economics at Clark University in Massachusetts, said the 'willy-nilly setting of tariffs according to one person's whims has no precedence in the history of trade policy since the 17th century.' 'It's just bizarre,' Brown said of Trump's moves. 'No one has done this in history.' The president has also used the threat of tariffs in an attempt to help political allies and influence other countries' court systems. He told Brazil that he would implement a 50% tariff if the country didn't drop its prosecution of former President Jair Bolsonaro, who like Trump was charged with trying to overturn an election. Inu Manak, a fellow on trade policy at the Council on Foreign Relations, said Trump's inconsistent approach will foster distrust of U.S. motives. She noted that two of the letters went to Canada and South Korea, allies who have existing trade agreements with the U.S. approved by Congress. By imposing new tariffs, she said, Trump is raising 'serious questions about the meaning of signing any deal with the United States at all.'
Fox News
23 minutes ago
- Fox News
5 steps to protect your finances from family scams
You'd like to believe no one in your family could ever scam your parents. But what if the danger isn't a stranger at all? What if it's someone they already trust? What if it's even your sibling or an estranged uncle in need of money? According to the AARP, seniors in America lose over $28 billion every year to fraud. Shockingly, 70% of it comes from people they know — family members, neighbors, caregivers and "friends." If you've got aging parents or grandparents, it's time to take action. People in your circle can cause serious financial damage, known as family fraud, if you're not careful. And, worse yet, almost 90% of family fraud doesn't get reported by seniors due to shame, fear and potential repercussions. Here's a simple five-step plan to protect your loved ones before someone you thought you could trust takes advantage of them. Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide — free when you join my It's not just shady scammers in faraway places. Most elder fraud happens close to home. These fraudsters know eerily specific details about seniors, their children, grandchildren, past occupations and even retirement funds. The most common cases involve: If your family has tension, estranged members or unresolved drama, your parents could be prime targets. Recognizing this risk is the first essential step to prevention. Data broker sites sell seniors' personal information by the bundle. We're talking phone numbers, emails, home addresses, income estimates and even political views, all listed online for pennies. Armed with those details, scammers can impersonate a relative, hack an account or manipulate your loved ones over the phone. Think about how easy it is for an estranged family member to get updates about your parents' lives and financial status. Limit how much your parents share online or delete such information to prevent it from appearing on people search sites. Ultimately, controlling what's available online is one of the most effective ways to protect seniors from identity theft, fraud and unwanted contact. The good news is that you can protect your elderly family members from a lot of trouble. Start by searching for your parents' names on Google. If their phone number or address appears on shady people search sites, have it removed. The problem is that there are hundreds of these data broker sites, and most make it a nightmare to opt out. That's where a personal data removal service comes in. They automatically contact these data brokers and force them to delete personal information, including your parents'. It works in the background and covers dozens of the worst offenders. I personally use it for my family, and it's one of the smartest, simplest ways to keep personal data out of the wrong hands. While no service can guarantee the complete removal of your data from the internet, a data removal service is really a smart choice. They aren't cheap, but neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It's what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you. Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting a free scan to find out if your personal information is already out on the web: One of the easiest ways for scammers to reach and manipulate seniors is through phone calls. A friendly voice claiming to be a long-lost cousin or someone pretending to be a financial advisor goes a long way. If your parents' landline or cell number is publicly listed, it's a ticking time bomb. You can: The fewer ways fraudsters can reach your loved ones, the better. Data removal tools, such as Incogni, should be your first line of defense. But for additional peace of mind, you can add free tools like credit freezes and bank alerts. Identity monitoring services can also alert you if your parents' Social Security number, name or financial accounts are being misused. See my tips and best picks on how to protect yourself from identity theft at Family fraud is one of those ugly, uncomfortable topics we tend to avoid. But trust me, the regret of not acting is far worse. Start today and remove your parents' personal data from the web. Remember to unlist their phone number and lock down their sensitive information. Every measure helps your parents maintain control over their finances. How comfortable do you feel discussing financial safety and privacy with your older relatives? What challenges have you faced in starting these conversations? Let us know by writing us at Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide — free when you join my Copyright 2025 All rights reserved.
