Tulsi Gabbard reveals 'historic' intelligence plot allegedly targeting Trump and more top headlines
2. Manhunt underway for illegal alien after shooting of off-duty CBP officer
3. Trump marks six months into second term by ironing out trade deals
LEGACY SPLIT – Maurene Comey fired from Trump DOJ after she 'failed' in two major cases. Continue reading …
TRAGIC UPDATE – 9-year-old girl found dead after father claimed she was kidnapped. Continue reading …
OUT OF CONTROL – Summer mayhem erupts as teen mobs overwhelm public spaces across America. Continue reading …
MIDAIR EMERGENCY – Packed flight's engine bursts into flames shortly after takeoff in terrifying video. Continue reading …
HOPE AMID TRAGEDY – Texas flood search sees 'remarkable progress' as missing list dramatically shrinks. Continue reading …
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BACK TO HIS ROOTS – NYC mayoral frontrunner Mamdani taunts critics with Africa trip during campaign. Continue reading …
MISSION IMPOSSIBLE – ICE director blames left-wing 'rhetoric' for 830% spike in attacks on border agents. Continue reading …
DIGITAL DRAMA – Trump posts AI-generated video showing Obama getting arrested to 'YMCA.' Continue reading …
SUMMER BLOWOUT – Biden admin spent hefty sum of US tax dollars to upgrade swimming pools in Iraq, Russia. Continue reading …
MAJOR BACKING – Texas House Democrat gets presidential endorsement from Joe Rogan. Continue reading …
'CHILLING' – Network staffers react to CBS scrapping 'Late Show' after Colbert slammed Paramount. Continue reading …
LINES CROSSED – Former NPR CEO admits 'mixing journalism and federal funding' was a 'recipe for disaster.' Continue reading …
'DIRE SITUATION' – Obama should be doing more to speak out against Trump, MSNBC guest argues. Continue reading …
SIMON HANKINSON – From Biden's chaotic immigration crisis to 'all quiet' in record time. Continue reading …
TOM WALKER – I'm a drone CEO. America must protect its airspace now, before it's too late. Continue reading …
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PRESIDENTIAL BLITZ – Trump threatens to block Commanders' new DC stadium if they don't get rid of nickname. Continue reading …
CLINICAL CLUES – Your nighttime sleep patterns could reveal hidden Alzheimer's risk factors. Continue reading …
AMERICAN CULTURE QUIZ – Test yourself on fruit frontiers and star-spangled symbols. Take the quiz here …
SWEET FIND – Medieval knight's tomb discovered beneath former ice cream parlor. Continue reading …
FAITH IN FOCUS – Thousands flock to this beach for more than sand and surf. See video …
SEN. LINDSEY GRAHAM – Putin won't stop until somebody makes him stop. See video …
REP. JAMES COMER – We're going to look into everything that was signed with the autopen. See video …
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Yahoo
26 minutes ago
- Yahoo
Toy makers nix batteries, other materials to save costs during tariff war
By Arriana McLymore and Nicholas P. Brown NEW YORK (Reuters) -This holiday season, U.S. parents may have to make an extra pit stop - not for toys, but for the batteries that power them, as manufacturers pare down on frills and packaging to cut costs amid rising tariffs. Toy makers that serve retail giants like Walmart, Target and Amazon are reducing the number of accessories in toy kitchen sets, removing batteries from electronic playsets, simplifying doll makeup and reducing packaging, as a 30% blanket tariff currently imposed on Chinese imports puts a damper on their bottom lines. The duties imposed on China by U.S. President Donald Trump are particularly painful for companies like Hasbro and Mattel, as 80% of toys sold in the U.S. come from China, according to trade group The Toy Association. Educational toy maker Popular Playthings - whose China-made animal sets, trucks, and magnetic food sets can be bought on Amazon - is delaying and paring down a magnetic cake set it had planned to launch in June, CEO Jason Cheung said in an interview. The company is reducing the power of the magnet, using cheaper packaging, and removing one of two serving plates that were to come with the set -- all while upping the price from $29.99 to $34.99. "Originally it would come with two plates so two kids can have cake at the same time,' Cheung said. Now, "one (child) will serve, while the other can eat." "Still multiplayer, but less cost," Cheung said, while adding "the original item would have been better." Toys are a top category in the U.S. holiday shopping season, the biggest spending season of the year. Adobe Analytics projected an $8.1 billion online spend on toys last holiday season, marking a 5.8% increase from the previous year. Toy maker Basic Fun!, which sources most of its products from China, makes 40% of its annual sales in North America through Amazon, meaning the company can't risk removing merchandise from the ubiquitous e-commerce platform this holiday season, CEO Jay Foreman told Reuters. The company, which also sells to Walmart and Target, is offering retailers the option to remove batteries from the packages of its electronic toys, and plans to reduce or remove its toys' packaging in 2026, said Foreman. "The consumer will either pay more or get less value," Foreman said. Some companies, like Bratz and L.O.L. Surprise! dolls-maker MGA Entertainment, are moving supply chains out of China, - a costly endeavor - while others are reducing the number of items available on shelves this winter. Isaac Larian, the CEO of MGA Entertainment, one of the biggest U.S. privately-held toy companies, said it takes nine to 12 months to make cost-cutting changes to toys. MGA is planning to modify its products for later next year. "But we cannot take the magic out of the box," Larian said. "Too much cost-cutting, destroys the play value for the toy, and you turn off the kids." Historically, sector giant Mattel has invested in more "playable packaging" -- making the boxes part of the game itself -- to reduce costs. Hasbro, which sources roughly 50% of its U.S. toy and game volume from China, said on a Wednesday earnings call it "retooled and reimagined" its board games Candy Land and Operation, as part of a larger initiative to revamp its materials sourcing, manufacturing processes, designs and packaging to help with cost reductions amid tariffs. ECR4Kids - whose roughly 1,000 school and daycare supplies range from toys and games to bookshelves and play mats - also sources primarily from China, and makes "well over 50%" of its revenue from selling wholesale to Amazon, according to managing partner Lee Siegel. "We're very tethered to Amazon," Siegel told Reuters, explaining that he can't make substantive changes to the products he sells on the platform, including a $175 foam climbing set for toddlers. For some products, though, the company is reducing variations in color and model, and prioritizing more efficient packaging that uses every inch of space. These kinds of efficiency efforts were on Siegel's radar even before tariffs, he said. "But now, you really have no choice." Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Trump Says Countries Will Face Tariffs Ranging From 15% to 50%
(Bloomberg) -- US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom 'We'll have a straight, simple tariff of anywhere between 15% and 50%,' Trump said Wednesday at an AI summit in Washington. 'A couple of — we have 50 because we haven't been getting along with those countries too well.' Trump's comment declaring that the tariffs would begin at 15% represented the latest twist in his effort to impose duties on nearly every US trading partner, and the latest indication that Trump was looking to more aggressively impose the levies on exports from countries outside the small group that so far has been able to broker trade frameworks with Washington. Trump earlier this month said that more than 150 countries would receive a letter including a tariff rate of 'probably 10 or 15%, we haven't decided yet.' Commerce Secretary Howard Lutnick told CBS News on Sunday that small countries including 'the Latin American countries, the Caribbean countries, many countries in Africa' would have a baseline tariff of 10%. And at the first announcement of the tariffs in April, Trump unveiled a universal tariff of 10% on nearly every country. While Trump and his advisers initially expressed hopes of securing multiple deals, the president has been touting the tariff letters themselves as 'deals' and suggesting that he is uninterested in back-and-forth negotiations. Still, he has left the door open for countries to make agreements that could lower those rates. On Tuesday, Trump announced he was reducing a threatened 25% tariff on Japan to 15% in exchange for the country removing restrictions on some US products as well as offering to back a $550 billion investment fund. The White House has also discussed a similar fund with South Korea, a nation also focused on reaching a 15% rate including on autos, according to people familiar with the matter. And the Philippines is aiming to bring down its own tariff rate to the 15% level from the current 19% rate, according to the country's Ambassador to the US Jose Manuel Romualdez. Meantime, officials in Vietnam are weighing the likely cost of their deal. Hanoi estimates its exports to the US could decline by as much as a third if higher tariffs announced by Trump take effect, an internal government assessment shows. Other nations, including India and members of the European Union, are still pushing for an agreements before the heightened tariffs go into effect. On Wednesday, Trump said he would 'have a very, very simple tariff for some of the countries' because there were so many nations that 'you can't negotiate deals with everyone.' He said talks with the European Union were 'serious.' 'If they agree to open up the union to American businesses, then we will let them pay a lower tariff,' Trump said. --With assistance from Katia Dmitrieva and Malcolm Scott. (Updates with Korea talks in seventh paragraph, Vietnam forecasts in 8th.) Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
26 minutes ago
- New York Times
South Korea Jockeys for a Deal With Trump at Least as Good as Japan's
President Trump's trade agreement with Japan, announced this week, has intensified pressure on South Korea to cut a deal that doesn't leave it at a disadvantage relative to its biggest rival in East Asia. Kim Jung-Kwan, South Korea's industry minister, who arrived in Washington on Wednesday for negotiations, pledged an 'all-out effort' to strike a deal by the Aug. 1 deadline to stave off a 25 percent tariff that the White House threatened in April and again this month. Moving forward, Mr. Kim said he was taking a close look at the terms that Tokyo accepted. Mr. Trump agreed to a tariff rate of 15 percent. Japan vowed to buy more American cars and rice, as well as make more than $550 billion in investments at Mr. Trump's direction. The South Korean delegation will need to wait longer for clarity. A meeting planned for Friday with Treasury Secretary Scott Bessent and Jamieson Greer, the U.S. trade representative, was canceled because of Mr. Bessent's schedule and had yet to be rescheduled. South Korea and Japan have similar powerhouse industries and trade relationships with the United States, and some of the sticking points are the same, including agriculture and automobiles. South Korea has limited negotiating levers, because it already committed to drop most of its tariffs to zero in a 2007 trade agreement. Mr. Trump signed a minor revision to that pact in 2018, lifting caps on how many American cars could be exported to South Korea. Nevertheless, the American trade deficit with South Korea has increased every year since then, reaching $66 billion in 2024. Want all of The Times? Subscribe.
