Trump unleashes new wave of tariffs on dozens of countries
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Yahoo
3 minutes ago
- Yahoo
German finance minister to push for steel quotas on Washington trip
BERLIN (Reuters) -German Finance Minister Lars Klingbeil will advocate for a quota system on steel exports to be included in the EU's trade deal with the United States at a meeting with his U.S. counterpart, Scott Bessent, later on Monday, he told a radio broadcaster. "There is talk of a quota system for steel, and it would be good if there were one," Klingbeil told Deutschlandfunk radio on Monday before his planned meeting in Washington. There are a number of chapters that have not yet been finalised in the trade deal struck, said Klingbeil, and steel is a particularly important issue for the German economy and jobs. "I will test out what steps the American government is prepared to take and what the solution might look like," said Klingbeil, even though the EU is responsible for negotiations. The EU's trade deal with Trump in July was greeted with a mix of relief and anger, with tariffs set at 15% for most products but negotiations continuing for certain sectors, including steel and aluminium, which carry tariffs of 50%. German Chancellor Friedrich Merz had said on Friday the EU will negotiate with the United States on steel, with a focus on quotas that can be exported without too high tariffs. Klingbeil also urged quick clarification of other outstanding details in the trade dispute, including the investments promised by the EU and in the energy sector. "It should happen in the next few days," he said. Sign in to access your portfolio
Bloomberg
5 minutes ago
- Bloomberg
Swiss Equity Futures Drop as Traders Brace for US Tariffs Impact
Swiss stock-index futures dropped Monday as the stock exchange prepared to reopen after a holiday, pricing in the impact of US President Donald Trump's punitive 39% export tariff on the country. Futures on the Swiss Market Index sank 2.5% at 8:39 a.m. in Zurich. The market was closed Friday, when Trump announced the tariffs.
Yahoo
32 minutes ago
- Yahoo
'Shameless': Trump's Big Golf Boast Backfires Amid Renewed Cheating Claims
The White House over the weekend bragged that President Donald Trump won yet another golf tournament just as a new video emerged that some say shows him cheating. 'Winning on and off the course,' the White House wrote on X, along with an image of a scorecard showing Trump shot a 69 ― 67 after adjusting for his handicap ― to win the men's senior championship at his Bedminster club. But the claim comes as Trump faces renewed accusations of cheating at the game, with many critics pointing to a video of him in Scotland last week in which the caddie casually dropped the ball for him. The day before Trump's latest tournament, sportswriter Rick Reilly ― who has golfed with Trump and authored an entire book detailing how he cheats at the game ― wondered aloud if the president would dare to declare himself the winner. 'Tomorrow is the Senior Champ at Bedminster,' he wrote on X. 'Are you shameless enough to pretend you won it? Even after the whole planet saw you cheat in Scotland? Is your ego that sick?' After Trump won, he wrote in a follow-up: 'Guess we got our answer. What a child.' After another new video surfaced showing a caddie dropping the ball for Trump ― this time in Bedminster, possibly from the day of the tournament ― Reilly added: Reilly has previously pointed out that Trump only wins on the courses he owns as more evidence he cheats. 'He's played in Pebble Beach, he's played in the Tahoe one, where there are rules and judges and cameras. And in those, he's never finished in the top half,' he said on MSNBC last year. Others who've played with the president have also accused him of cheating, including boxer Oscar De La Hoya, who once explained in detail some of Trump's tricks. Rock icon/golf enthusiast Alice Cooper didn't quite come out and call Trump a cheater. But he came close. 'The worst celebrity golf cheat? I wish I could tell you that,' he told Q magazine in 2012. 'It would be a shocker. I played golf with Donald Trump one time. That's all I'm going to say.' Given that history ― and the recent videos ― Trump's critics weren't about to grant him a gimme on his latest championship claim:
