Resilient Trump Lifted by Improved View of the Economy, WSJ Poll Finds
The set of turbulent recent events, which also has included the administration's aggressive deportation program and the U.S. bombing of Iran's nuclear sites, has failed either to dent or improve the public's overall view of the president. Some 46% approve of his job performance—unchanged from April—with 52% disapproving.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
a few seconds ago
- Bloomberg
Taiwan President Calls Off US Transit as Trump Seeks Xi Summit
Taiwanese President Lai Ching-te called off an overseas trip planned for next week after the Trump administration failed to greenlight his stopover in the US, amid concerns it could derail trade talks with China. Taiwan's leader isn't planning any overseas travel in the near future, given the need for typhoon recovery work in southern Taiwan and tariff negotiations with the US, the Presidential Office in Taipei said in a statement late Monday.
Yahoo
28 minutes ago
- Yahoo
Trump's New EU Trade Deal Labeled 'Bad News' By Economists As Dow Futures Spike Over 150 Points
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump's latest trade deal with the European Union is drawing sharp criticism from several leading economists, who argue that it will disproportionately harm American consumers and businesses. What Happened: Following Trump's announcement on Sunday, economist Peter Schiff posted on X, with a blunt assessment of the deal, saying that 'Americans lose again.' Schiff says that under the new terms, 'we will pay 15% tariffs to buy most European goods, but 50% tariffs to buy European steel, aluminum, or copper, driving up material costs for many U.S industries.' Meanwhile, he notes, 'Europeans won't pay any tariffs on most U.S. imports.' Trending: Be part of the breakthrough that could replace plastic as we know it—University of Michigan economist Justin Wolfers echoed similar concerns, while highlighting the folly of imposing trade barriers. 'These trade deals are all underwhelming for one simple reason,' he says, and that's because trade barriers and tariffs have been tiny for decades. 'When tariffs are 1-2%, there's not much to gain from a trade war,' he says, while warning that a 15% tax on imports can, however, 'do a lot of harm to Americans.' Danish economist Lars Christensen pushed back against the narrative that this was a bad deal for the EU and a win for Trump. He says, 'the deal lower[s] EU tariffs,' which he believes is 'good news for European consumers,' while adding that it is bad for the U.S. economy. Christensen agrees with both Schiff and Wolfers, saying that 'the biggest losers are US consumers,' while comparing the deal to 'shooting yourself in the foot' for the U.S., which he says 'is never a victory.'Why It Matters: The announcement of the trade deal with the EU on Sunday brought an end to months of trade and tariff-related uncertainties with the U.S.'s biggest trading partner. Besides the 15% tariff on imports from the region, the EU will also be buying $750 billion worth of U.S. energy, while investing $600 billion in the United States. Additionally, nations in the bloc will be purchasing weapons from the U.S., although no amount was mentioned. Meanwhile, top officials from the U.S. and China are set to meet in Stockholm to address pressing trade issues, with Trump saying last week that 'We have the confines of a deal with China.' U.S. stock futures are up pre-market, following news of the trade deal over the weekend. The S&P 500 Futures are up 0.37%, trading at 6,449.00, and Nasdaq Futures at 23,538.25, up 0.50%, followed by Dow Futures, which rose over 150 points, up 0.33%, trading at 45,234.00, at the time of writing. Photo Courtesy: Savvapanf Photo on Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? This article Trump's New EU Trade Deal Labeled 'Bad News' By Economists As Dow Futures Spike Over 150 Points originally appeared on
New York Post
30 minutes ago
- New York Post
Extension of US-China tariff pause ‘likely' – South Korea eager to get trade pact signed, Commerce Secretary Howard Lutnick says
Commerce Secretary Howard Lutnick signaled Monday that the Trump administration appears 'likely' to extend a pause on tariffs with China as trade negotiations continue, while the South Koreans 'really, really want to get a deal done.' 'They're talking right now, but the decision-maker, of course, is President Trump,' Lutnick said of the state of negotiations with China, during an interview with Fox News 'Special Report' host Bret Baier. 3 Lutnick suggested Monday that another 90-day pause on China tariffs seems likely. Ron Sachs/CNP / Washington and Beijing struck a deal in May to pause their raging trade war for 90 days, with the US agreeing to drop its 145% tariff rate on most Chinese goods to 30%, while China lowered its rate to 10% from 125%. The truce is set to expire on Aug. 12. Asked about reports that both sides were seeking to extend the pause, Lutnick indicated that while it appears 'likely,' the decision ultimately rests on Trump. 'I'm sure the people who are speaking with China are going to go discuss with President Trump how he wants to play it,' the commerce secretary said. 'He's got an excellent relationship with [Chinese President Xi Jinping], and I think we'll leave that to Donald Trump to decide.' 'Is that a likely outcome? Sure, it seems that way, but let's leave it to President Trump to decide,' Lutnick said of the potential for another 90-day pause. Lutnick noted that negotiations over the social media app TikTok are 'separate but adjacent' to a potential China deal. TikTok's China-based parent company, ByteDance, has a Sept. 17 deadline to divest the platform's American assets or face a US ban. 3 Lutnick touted Trump's 'excellent relationship' with Xi. REUTERS 3 Trump's 'Liberation Day' tariffs go into effect on Aug. 1. REUTERS Meanwhile, South Korea is eager to reach an agreement on a trade deal before Trump's so-called 'Liberation Day' tariffs go into effect on Aug. 1. 'The South Koreans flew to Scotland to meet with me and [US Trade Representative Jamieson Greer] after dinner,' Lutnick said of his late-night, weekend discussions with South Korea. 'I mean, think about how much they really, really want to get a deal done,' Lutnick added. The Trump Cabinet official argued that the president 'is in the driver's seat now' when it comes to trade deals, and that he expects the commander in chief to 'consider a few deals' before Aug. 1, but that he's focused on deciding what the tariff rates will be for countries that haven't reached agreements with the US. So far, Trump has cut preliminary tariff deals with the UK, Vietnam, Japan, Indonesia, the Philippines and the European Union. The president told reporters on Sunday that he has no intention of delaying the Aug. 1 deadline.
