WTA Ventures and Tennis Channel agree to a 6-year rights deal through 2032
The agreement with WTA Ventures does not include events held in the United States, which fall under other contracts.
The deal comes with four American women in the top 10 of the WTA rankings: No. 2 Coco Gauff , No. 3 Jessica Pegula, No. 6 Madison Keys and No. 10 Emma Navarro.
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Miami Herald
2 hours ago
- Miami Herald
Tariffs are making money. That may make them hard to quit.
WASHINGTON -- President Donald Trump's extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on. As part of his quest to reorder the global trading system, Trump has imposed steep tariffs on America's trading partners, with the bulk of those set to go into effect Thursday. Even before the latest tariffs kick in, revenue from taxes collected on imported goods has grown dramatically so far this year. Customs duties, along with some excise taxes, generated $152 billion through July, roughly double the $78 billion netted over the same time period last fiscal year, according to Treasury data. Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sown uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued that the money from the tariffs would help plug the hole created by the broad tax cuts Congress passed last month, which are expected to cost the government at least $3.4 trillion. 'The good news is that Tariffs are bringing Billions of Dollars into the USA!' Trump said on social media shortly after a weak jobs report showed signs of strain in the labor market. Over time, analysts expect that the tariffs, if left in place, could be worth more than $2 trillion in additional revenue over the next decade. Economists overwhelmingly hope that doesn't happen and the United States abandons the new trade barriers. But some acknowledge that such a substantial stream of revenue could end up being hard to quit. 'I think this is addictive,' said Joao Gomes, an economist at the University of Pennsylvania's Wharton School. 'I think a source of revenue is very hard to turn away from when the debt and deficit are what they are.' Trump has long fantasized about replacing taxes on income with tariffs. He often refers fondly to American fiscal policy in the late 19th century, when there was no income tax and the government relied on tariffs, citing that as a model for the future. And while income and payroll taxes remain by far the most important sources of government revenue, the combination of Trump's tariffs and the latest Republican tax cut does, on the margin, move the United States away from taxing earnings and toward taxing goods. Such a shift is expected to be regressive, meaning that rich Americans will fare better than poorer Americans under the change. That's because cutting taxes on income does, in general, provide the biggest benefit to richer Americans who earn the most income. The recent Republican cut to income taxes and the social safety net is perhaps the most regressive piece of major legislation in decades. Placing new taxes on imported products, however, is expected to raise the cost of everyday goods. Lower-income Americans spend more of their earnings on those more expensive goods, meaning the tariffs amount to a larger tax increase for them compared with richer Americans. Tariffs have begun to bleed into consumer prices, with many companies saying they will have to start raising prices as a result of added costs. And analysts expect the tariffs to weigh on the performance of the economy overall, which in turn could reduce the amount of traditional income tax revenue the government collects every year. 'Is there a better way to raise that amount of revenue? The economic answer is: Yes, there is a better way, there are more efficient ways,' said Ernie Tedeschi, director of economics at the Yale Budget Lab and a former Biden administration official. 'But it's really a political question.' Tedeschi said that future leaders in Washington, whether Republican or Democrat, may be hesitant to roll back the tariffs if that would mean a further addition to the federal debt load, which is already raising alarms on Wall Street. And replacing the tariff revenue with another type of tax increase would require Congress to act, while the tariffs would be a legacy decision made by a previous president. 'Congress may not be excited about taking such a politically risky vote when they didn't have to vote on tariffs in the first place,' Tedeschi said. Some in Washington are already starting to think about how they could spend the tariff revenue. Trump recently floated the possibility of sending Americans a cash rebate for the tariffs, and Sen. Josh Hawley, R-Mo., recently introduced legislation to send $600 to many Americans. 'We have so much money coming in, we're thinking about a little rebate, but the big thing we want to do is pay down debt,' Trump said last month of the tariffs. Democrats, once they return to power, may face a similar temptation to use the tariff revenue to fund a new social program, especially if raising taxes in Congress proves as challenging as it has in the past. As it is, Democrats have been divided over tariffs. Maintaining the status quo may be an easier political option than changing trade policy. 'That's a hefty chunk of change,' Tyson Brody, a Democratic strategist, said of the tariffs. 'The way that Democrats are starting to think about it is not that 'these will be impossible to withdraw.' It's: 'Oh, look, there's now going to be a large pot of money to use and reprogram.'' Of course, the tariffs could prove unpopular, and future elected officials may want to take steps that could lower consumer prices. At the same time, the amount of revenue the tariffs generate could decline over time if companies do, in fact, end up bringing back more of their operations to the United States, reducing the number of goods that face the import tax. 'This is clearly not an efficient way to gather revenue,' said Alex Jacquez, a former Biden official and the chief of policy and advocacy at Groundwork Collaborative, a liberal group. 'And I don't think it would be a long-term progressive priority as a way to simply collect revenue.' This article originally appeared in The New York Times. Copyright 2025
USA Today
3 hours ago
- USA Today
Sydney McLaughlin-Levrone among winners and losers from U.S. track and field championships
EUGENE, OR — Four days of competition are complete at the 2025 U.S. track and field trials. Melissa Jefferson-Wooden accomplished the sprint double, Sydney McLaughlin-Levrone was golden in the 400 and Noah Lyles was braggadocious as he won another 200 national title. On the field, Valarie Allman continued her reign over the discus and Tara Davis-Woodhall leaped to the top mark in the world in the long jump. The U.S. track and field championships served as the qualifying stage for next month's world championships in Tokyo, Japan. USA TODAY Sports was on the scene at Hayward Field for all the action. Here are the winners and losers from the track and field competition: WINNERS Melissa Jefferson-Wooden wins 100-200 double Jefferson-Wooden dominated the 100, leading from start to finish. She crossed the line well ahead of the other competitors with an impressive personal-best and world-leading time of 10.65. It's tied for the fifth fastest time in the history of the event. MORE: Sha'Carri Richardson fails to advance to final round of 200 just days after arrest "Amazing," Jefferson-Wooden said following her win in the 100. "I've been dreaming of days like this, and it's finally starting to come true. Right now the sky is the limit. I just got to keep working toward bigger and better things." Jefferson-Wooden wasn't done after the 100. On the final day of the championships, Jefferson-Wooden accomplished the sprint double by winning the women's 200, running a personal-best 21.84. She was the only sprinter to run sub-22 seconds in the race. Sydney McLaughlin-Levrone shines in 400 McLaughlin-Levrone is dominating her new event just like she did her old one. McLaughlin-Levrone easily won the women's 400 with a gold-medal winning time of 48.90. The four-time Olympic gold medalist came up just short of the American record (48.70) that's stood for almost 20 years. MORE: Sydney McLaughlin-Levrone nearly breaks American record in 400 with stunning performance 'Everyone talks about the American record of course, that's gonna come when it's supposed to come,' McLaughlin-Levrone said after the win. McLaughlin-Levrone already owns the American and world records in the women's 400-meter hurdles. Kenny Bednarek wins first national title Bednarek ran a personal-best 9.79 to win his first national championship in what was a fast men's 100 final. The top seven finishers all ran sub-10 seconds. "It's about damn time," Bednarek said after winning his first national championship. "I always knew I had the capability of doing it but I just had to believe in myself. This year I feel like I started living up to my expectations." Bednarek's 9.79 is the second fastest time in the world this year. Noah Lyles boasts as he won men's 200 Lyles had to come from behind to beat Kenny Bednarek in the 200. Lyles passed Bednarek with less than 10 meters remaining in the race and stared him down as he crossed the finish line, running a world-leading time of 19.63. An annoyed Bednarek pushed Lyles after his boastful gesture. 'It's unsportsmanlike (expletive),' Bednarek said after getting the silver medal. 'I don't deal with that.' MORE: Noah Lyles taunted Kenny Bednarek as he won 200 at U.S. track and field championships Lyles, who hasn't raced a lot this year, said the win proves that he's still on top. 'If they ain't gonna beat me now, they ain't gonna beat me ever,' Lyles said. Masai Russell has 100 hurdles crown Russell gestured as if to put a crown on herself after winning the women's 100-meter hurdles in convincing fashion, clocking in at 12.22. Russell is on an impressive run. She's the reigning Olympic champion, a two-time national champion in the event and is ranked No. 1 in the world this season. 'Winning the Olympics put a little more pressure on myself. Like now I feel like I have a standard to uphold. People expect something from the reigning Olympic champion,' Russell said. 'I don't think I would've been blessed with that title if I wasn't able to carry the weight of that.' Tara Davis-Woodhall jumps to top mark in world On the first day of the U.S. championships, Tara Davis-Woodhall leaped 23 feet, 4 ½ inches to win the women's long jump. It's the top mark in the world this year. Davis-Woodhall is coming off a women's long jump gold medal at the Paris Olympics. Valarie Allman's undefeated streak continues Allman tossed 234 feet, 5 inches to win the women's discus by more than 20 feet. The two-time Olympic champion hasn't lost in the event since 2023. She is the No. 1-ranked discus thrower in the world as she heads to Tokyo. LOSERS Track and field fans located outside of Oregon Eugene, Oregon, is affectionately known as Track Town, U.S.A. for its rich track and field history, and University of Oregon's Hayward Field is a state-of-the-art track and field stadium. But this year was the 14th time Eugene's hosted the championships. Logistically, traveling to the city and hotel lodging aren't very convenient. Plus, there isn't an array of tourist attractions. It would behoove USA Track and Field to periodically change the host site for the national championships. Los Angeles is a logical location. Afterall, the 2028 Olympics are in LA. Sha'Carri Richardson Unfortunately for Richardson, most of the news she made was off the track. Richardson was arrested after an alleged incident at the Seattle–Tacoma International Airport, according to a police report obtained by USA TODAY Sports. According to the report, Richardson was arrested for domestic violence. Richardson competed in the women's 200 but didn't advance to the final round. Joe Kovacs misses team in men's shot put Kovacs was upset in the shot put. The two-time world champion finished fourth with a put of 72 feet, 5 inches. Josh Awotunde won the event with a personal-best toss of 73 feet, 8 ¾ inches. Athing Mu-Nikolayev comes up short in 800 Mu-Nikolayev failed to qualify for the world championships in the women's 800. She placed fourth in her semifinal heat and didn't advance on time. Mu-Nikolayev is the American-record holder (1:54.97) and won gold at the Tokyo Olympics in the 800, but she's struggled recently to regain her form. Mu-Nikolayev admitted she's had a difficult time mentally and physically the past year but is finding her way back. The good news is she ran a season-best 1:59.79 in the semifinal round and is still just 23 years old. 'I think I'm still pretty fit. When it comes to track your mentality and your mental side of things takes a big toll,' Mu-Nikolayev said. 'If you're not mentally in it, then your body won't be in it. That's what kind of held me back I think both in practice and also competing in bigger races this past year. So, I have to get myself back to being wholly Athing Mu and not just a good athlete running.' Follow USA TODAY Sports' Tyler Dragon on X @TheTylerDragon.
New York Times
3 hours ago
- New York Times
Clara Tauson upsets Wimbledon champion Iga Świątek in straight sets at Canadian Open
Clara Tauson, world No. 19, continued the upsets at the Canadian Open in Montreal with a 7-6 (1), 6-3 win over Wimbledon champion Iga Świątek in one hour and 53 minutes Sunday night. On Saturday, it was the world No. 2 and top seed Coco Gauff to fall in straight sets to Canadian wild card Victoria Mboko. Now it's Świątek's turn to lose, unable to make the quarterfinals in her first tournament since winning her sixth slam. Advertisement Tauson launched to an early lead, converting on her first break point chance to go up 2-1. Świątek's inability to convert on the break points she faced defined the first set. Tauson saved 7-of-8 break point opportunities, relying on her efficient serving (61 percent first serve for the match) to get out of trouble. At 3-2, a game where she saved four break points before holding, Tauson went after Świątek's forehand on one of the chances. The result was Świątek dumping the forehand in the net. Attacking Świątek's forehand continued in the first set tiebreak. Instead of Świątek being patient on the return, a strategy she adopted during her championship run at Wimbledon, she elected to be more aggressive on the first swing. Świątek struggled to control the ball, leading to forehands in the net or sailing long. For the match, Świątek won just 24 percent (12-of-49) of points on Tauson's first serve. The only point Świątek won in the tiebreak was a Tauson double fault. A Świątek double fault at 6-1 gave Tauson the tiebreak and the one-set advantage. Clara Tauson picks up her first career win over Swiatek and moves into the quarterfinals!#OBN25 — wta (@WTA) August 4, 2025 The second set saw Świątek's unforced errors increase. She started spraying the ball, particularly with her forehand. Tauson played smart tennis, keeping the ball in play, not beating herself. On Świątek's serve, Tauson was aggressive off the return, putting pressure immediately with blazing cross-court winners. Up 2-1, Świątek fired two forehands in the middle of the net on consecutive points, leading to Tauson getting the break. Despite getting broken at 4-2, Tauson remained calm. Świątek's fighting spirit couldn't overcome the plethora of mistakes, with 46 unforced errors for the entire match. Up 4-3, Świątek double-faulted on break point, giving Tauson the lead once again. At match point, Tauson won another short rally, thanks to a Świątek backhand in the net. Tauson raised her arms, smiled to her team and let out a scream of celebration. She finally recorded her first career win against the world No. 3. casual pickup by Clara 💁♀️#OBN25 — wta (@WTA) August 3, 2025 At Wimbledon, Świątek cruised to a straight-set win over Tauson en route to capturing the tournament. It was Tauson's turn to reciprocate with a victory, advancing to her second WTA 1000 quarterfinal of 2025. In February at the Dubai Tennis Championships, Tauson trounced world No. 1 Aryna Sabalenka in straight sets 6-3, 6-2, once again relying on a clutch serve — winning 80 percent of first serve points — and power from the baseline. Advertisement On Sunday, Tauson adds Świątek to the list of signature wins in her career. Next up for Tauson is the current Australian Open champion Madison Keys, who saved two match points en route to a thrilling three-set victory over Karolína Muchová, 4-6, 6-3, 7-5. The two met in the Auckland quarterfinal with Tauson winning in straight sets 6-4, 7-6. Another quarterfinal showdown awaits in Canada.
