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President Donald Trump wants Republicans in the coming weeks to engineer as many as five more winnable congressional districts in Texas — a high-risk, high-reward redraw that would put them on better footing before the midterm elections, when the party of the incumbent president often loses House seats.

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CTV News
2 hours ago
- CTV News
Trump says Japan will invest US$550 billion in U.S. at his direction. It may not be a sure thing
A staff member distributes an extra edition of the Yomiuri Shimbun newspaper reporting that President Donald Trump announced a trade framework with Japan on Tuesday, Wednesday, July 23, 2025, in Tokyo. The headline reads "U.S., a 15% tax on goods imported from Japan." (AP Photo/Eugene Hoshiko) WASHINGTON — U.S. President Donald Trump is bragging that Japan has given him, as part of a new trade framework, US$550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. 'Japan is putting up $550 billion in order to lower their tariffs a little bit,' Trump said Thursday. 'They put up, as you could call it, seed money. Let's call it seed money.' He said 90 per cent of any profits from the money invested would go to the U.S. even if Japan had put up the funds. 'It's not a loan or anything, it's a signing bonus,' the Republican president said, on the trade framework that lowered his threatened tariff from 25 per cent to 15 per cent, including on autos. A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10 per cent of Japan's entire gross domestic product. The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. 'If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'' Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. 'And if the president is unhappy, then they will boomerang back to the 25 per cent tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work,' Bessent told Fox News' 'The Ingraham Angle.' Akazawa denied that Bessent's quarterly review was part of the negotiations. 'In my past eight trips to the United States during which I held talks with the president and the ministers,' Akazawa said. 'I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States.' He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25 per cent as scheduled on Aug. 1 and then drop to 15 per cent. 'We definitely want to avoid that and I believe that is the understanding shared by the U.S. side,' he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton 'minimum access' cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. 'Whatever Donald Trump wants to build, the Japanese will finance it for him,' Lutnick said Thursday on CNBC. 'Pretty amazing.' Yamaguchi reported from Tokyo. Josh Boak And Mari Yamaguchi, The Associated Press


Vancouver Sun
2 hours ago
- Vancouver Sun
Bipartisan House committee launches new push for transparency in Epstein case
A key House committee is looking into the investigation of the late Jeffrey Epstein for sex trafficking crimes, working to subpoena President Donald Trump's Department of Justice for files in the case as well as hold a deposition of Epstein's former girlfriend, Ghislaine Maxwell. The Republican-led House Oversight and Government Reform Committee acted just before House Speaker Mike Johnson, R-La., sent lawmakers home early for a month-long break from Washington. The committee's moves are evidence of the mounting pressure for disclosure in a case that Trump has unsuccessfully urged his supporters to move past. But they were also just the start of what can be a drawn-out process. Here's what could happen next in the House inquiry as lawmakers seek answers in a case that has sparked rampant speculation since Epstein's death in 2019 and more recently caused many in the Trump administration to renege on promises for a complete accounting. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Subpoena for the Epstein files Democrats, joined by three Republicans, were able to successfully initiate the subpoena from a subcommittee just as the House was leaving Washington for its August recess. But it was just the start of negotiations over the subpoena. The subcommittee agreed to redact the names and personal information of any victims, but besides that, their demand for information is quite broad, encompassing 'un-redacted Epstein files.' As the parameters of the subpoena are drafted, Democrats are demanding that it be fulfilled within 30 days from when it is served to Attorney General Pam Bondi. They have also proposed a list of document demands, including the prosecutorial decisions surrounding Epstein, documents related to his death, and communication from any president or executive official regarding the matter. Ultimately, Republicans who control the committee will have more power over the scope of the subpoena, but the fact that it was approved with a strong bipartisan vote gives it some heft. The committee chairman, Rep. James Comer, R-Ky., said he told the speaker that 'Republicans on the Oversight Committee were going to move to be more aggressive in trying to get transparency with the Epstein files. So, we did that, and I think that's what the American people want.' Will Congress depose Ghislaine Maxwell? Comer has said that he is hoping that staff from the committee can interview Maxwell under oath on Aug. 11 at or near the federal prison in Florida where she is serving a lengthy sentence for child sex trafficking. In a congressional deposition, the subject typically has an attorney present to help them answer — or not answer — questions while maintaining their civil rights. Subjects also have the ability to decline to answer questions if it could be used against them in a criminal case, though in this instance that might not matter because Maxwell has already been convicted of many of the things she will likely be asked about. Maxwell has the ability to negotiate some of the terms of the deposition, and she already conducted a day and a half of interviews with Justice Department officials this past week. Democrats, however, warn that Maxwell is not to be trusted. 'We should understand that this is a very complex witness and someone that has caused great harm and not a good person to a lot of people,' Rep. Robert Garcia, the top Democrat on the oversight committee, told reporters this week. The House wants to subpoena others Committee Republicans also initiated a motion to subpoena a host of other people, including former President Bill Clinton, former Sen. Hillary Clinton as well as the former attorneys general dating back to Alberto Gonzales, who served under George W. Bush. It's not clear how this sweeping list of proposed subpoenas will actually play out, but Comer has said, 'We're going to move quickly on that.' How will Pam Bondi comply? Trump is no stranger to fighting against congressional investigations and subpoenas. And as with most subpoenas, the Justice Department can negotiate the terms of how it fulfills the subpoena. It can also make legal arguments against handing over certain information. Joshua A. Levy, who teaches on congressional investigations at Georgetown Law School and is a partner at Levy Firestone Muse, said that the results of the subpoena 'depend on whether the administration wants to work through the traditional accommodation process with the House and reach a resolution or if one or both sides becomes entrenched in its position.' If Congress is not satisfied with Bondi's response — or if she were to refuse to hand over any information — there are several ways lawmakers can try to enforce the subpoena. However, that would require a vote to hold Bondi in contempt of Congress. It's practically unheard of for one political party to vote to hold one of its own members in contempt of Congress, but the Epstein saga has also cut across political lines and driven a wedge in the GOP. Growing pressure on the Trump adminitration for disclosure Ultimately, the bipartisan vote to subpoena the files showed how political pressure is mounting on the Trump administration to disclose the files. Politics, policy and the law are all bound up together in this case, and many in Congress want to see a full accounting of the sex trafficking investigation. 'We can't allow individuals, especially those at the highest level of our government, to protect child sex traffickers,' said Rep. Summer Lee, D-Pa., a committee member. The Trump administration is already facing the potential for even more political tension. When Congress comes back to Washington in September, a bipartisan group of House lawmakers is working to advance to a full House vote a bill that aims to force the public release of the Epstein files. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .


Edmonton Journal
2 hours ago
- Edmonton Journal
Bipartisan House committee launches new push for transparency in Epstein case
Article content A key House committee is looking into the investigation of the late Jeffrey Epstein for sex trafficking crimes, working to subpoena President Donald Trump's Department of Justice for files in the case as well as hold a deposition of Epstein's former girlfriend, Ghislaine Maxwell. Article content The Republican-led House Oversight and Government Reform Committee acted just before House Speaker Mike Johnson, R-La., sent lawmakers home early for a month-long break from Washington. The committee's moves are evidence of the mounting pressure for disclosure in a case that Trump has unsuccessfully urged his supporters to move past. But they were also just the start of what can be a drawn-out process. Article content Article content Here's what could happen next in the House inquiry as lawmakers seek answers in a case that has sparked rampant speculation since Epstein's death in 2019 and more recently caused many in the Trump administration to renege on promises for a complete accounting. Article content Article content The subcommittee agreed to redact the names and personal information of any victims, but besides that, their demand for information is quite broad, encompassing 'un-redacted Epstein files.' Article content As the parameters of the subpoena are drafted, Democrats are demanding that it be fulfilled within 30 days from when it is served to Attorney General Pam Bondi. They have also proposed a list of document demands, including the prosecutorial decisions surrounding Epstein, documents related to his death, and communication from any president or executive official regarding the matter. Article content Article content Article content Ultimately, Republicans who control the committee will have more power over the scope of the subpoena, but the fact that it was approved with a strong bipartisan vote gives it some heft. Article content Article content The committee chairman, Rep. James Comer, R-Ky., said he told the speaker that 'Republicans on the Oversight Committee were going to move to be more aggressive in trying to get transparency with the Epstein files. So, we did that, and I think that's what the American people want.' Article content Comer has said that he is hoping that staff from the committee can interview Maxwell under oath on Aug. 11 at or near the federal prison in Florida where she is serving a lengthy sentence for child sex trafficking. Article content In a congressional deposition, the subject typically has an attorney present to help them answer — or not answer — questions while maintaining their civil rights. Subjects also have the ability to decline to answer questions if it could be used against them in a criminal case, though in this instance that might not matter because Maxwell has already been convicted of many of the things she will likely be asked about.