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The Hill
5 hours ago
- The Hill
Gonzales on whether Trump's Mexico tariff will hurt state: ‘It may' but I ‘support the president'
Rep. Tony Gonzales (R-Texas) said he supports President Trump's approach to tariffs on Mexico, even though he acknowledged the tax on imported goods will likely hurt Texans if it takes effect. In an interview on CNN's 'State of the Union,' Gonzales was asked whether the 30 percent tariff that the Trump administration recently announced on Mexico, Texas's largest trading partner, would hurt his constituents. 'It may, but I do support the president in this. I think for too long, Mexico has gotten away with, you know, allowed to do anything,' Gonzales said on CNN. But the border-district congressman said he's hopeful a deal could come together by Aug. 1, the new deadline that Trump unveiled in his letters to numerous countries about when they should expect the reciprocal tariffs to take effect. 'I'm very focused on the August 1 date. What that means is President Trump has given us a couple weeks to try to come up with a solution, and I've seen Mexico… change, from months ago, basically being allowed to do whatever they want to know, all of the sudden, they're coming to the table. They're negotiating more. President Trump has mentioned this. They're moving in the right direction. We absolutely have to do more,' Gonzales said. 'But yes, if these tariffs come into place, it hurts everyone,' he continued. After Trump unveiled 30 percent tariffs on Mexico and the European Union, leaders of both trading partners indicated an interest in negotiating with Trump ahead of the Aug. 1 deadline.
Yahoo
a day ago
- Yahoo
Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again
Stock markets slipped amid confusion as to when – and at what level – new US tariffs would be applied, as Donald Trump's self-imposed 9 July deadline edged closer. The US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by Thursday, the president said on Sunday, with the higher rates to take effect on 1 August. 'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level,' treasury secretary Scott Bessent told CNN. Trump in April announced a 10% base tariff rate on most countries and higher 'reciprocal' rates ranging up to 50%. However, Trump also said levies could range in value from 'maybe 60% or 70% tariffs to 10% and 20%', further clouding the picture. With very few actual trade deals done, analysts had suspected the date would be pushed out, though it was still not clear if the new deadline applied to all trading partners or just some. Trump said on Sunday that his administration plans to start sending letters on Monday to US trade partners, dictating new tariff rates to be imposed on goods they sell to Americans. 'It could be 12, maybe 15,' the president told reporters, 'and we've made deals also, so we're going to have a combination of letters and some deals have been made.' Kevin Hassett, who heads the White House National Economic Council, told CBS that there might be wriggle room for countries engaged in earnest negotiations. 'There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,' Hassett said, adding that Trump would decide if that could happen. Read the full story Donald Trump called Elon Musk's decision to start and bankroll a new US political party 'ridiculous' on Sunday. 'Third parties have never worked, so he can have fun with it but I think it's ridiculous,' the president told reporters traveling with him back to the White House from his New Jersey golf club. He then elaborated, at great length, in a post on his social media platform, Truth Social. 'I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks,' the president wrote. Read the full story Trump said he believed a hostage release and ceasefire deal could be reached this week, which could lead to the release of 'quite a few hostages.' He was speaking after Benjamin Netanyahu left Israel for talks in Washington, praising Trump's return to the presidency. 'We have never had such a friend in the White House … We have already changed the face of the Middle East beyond recognition, and we have an opportunity and the ability to change it further and to enable a great future for the state of Israel, the people of Israel and the entire Middle East,' Israel's prime minister told reporters. Read the full story Laura Loomer has emerged as the most prominent Maga America First influencer in the early days of Trump's second term. In early April, Loomer, a 32-year-old pro-Trump online influencer widely seen as a rightwing conspiracy theorist, met with Trump and gave him a list of names of people on the staff of the national security council that she believed were not loyal enough to Trump or at least had professional backgrounds that she considered suspect. Trump fired six staffers. Later, national security adviser Mike Waltz, whom Loomer had criticized for his role in the Signalgate chat leak scandal, was ousted as well. Read the full story Donald Trump announced on social media that he had signed a federal emergency declaration that would free additional resources to support local efforts in search and rescue operations in Texas after deadly flooding. Trump also posted a letter saying federal efforts would be coordinated by Benjamin Abbott of the Federal Emergency Management Agency (Fema). In May, that agency's acting administrator was fired after he told Congress he did not believe it was 'in the best interest of the American people to eliminate' Fema, which Trump has said he plans to do. Asked on Sunday if he is still planning to phase out Fema, Trump told a reporter: 'Well, Fema is something we can talk about later, but right now they're busy working.' Read the full story David Smith asks if Trump's expansion of presidential powers is setting the stage for future Oval Office holders? Adam Gabbatt writes that although Trump's mega-bill has been widely criticized in the press, Fox News sees it differently. Catching up? Here's what happened 5 July. Sign in to access your portfolio
CNN
a day ago
- CNN
Hispanic business suffering amid Trump immigration crackdown
A supermarket owner in Virginia says he is short-staffed due to President Donald Trump's immigration policy changes. CNN's Ione Molinares reports.
