What the GOP's megabill promotional plan doesn't mention
'I proudly endorse Governor Cooper for US Senate and look forward to doing everything I can to help him flip this Senate seat from red to blue,' said Nickel in a statement. 'I've still got a lot of work left to do; that part hasn't changed. Public service is a part of who I am and you'll hear more from me soon.'
Cooper, who formally entered the race Monday, was heavily courted by Democrats, with many in the party seeing him as the most viable candidate for the seat being vacated by retiring Republican Sen. Thom Tillis. Another Democrat who had floated a run, Rep. Don Davis, is also leaning against a bid now that Cooper is in the race.
Most Democrats see the race as their best pickup opportunity on next year's otherwise unfriendly Senate map.
Among Republicans, RNC chair Michael Whatley is expected to run for the seat with President Donald Trump's support. Trump's daughter-in-law, Lara Trump, had been floated as a potential candidate, though she ultimately opted not to run.
Nickel represented a purple House district before opting not to run for reelection last year after Republicans redrew its borders to make it friendlier for the GOP. He kicked off his Senate campaign in April, and while he notched some respectable fundraising totals before Tillis left the race, Cooper's potential entry loomed over his short-lived candidacy.
WRAL reported last week Nickel is now instead eyeing a run for district attorney in Wake County, the state's most populous.
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American Press
15 minutes ago
- American Press
Trump administration cancels plans to develop new offshore wind projects
The Trump administration is canceling plans to use large areas of federal waters for new offshore wind development, the latest step to suppress the industry in the United States. More than 3.5 million acres had been designated wind energy areas, the offshore locations deemed most suitable for wind energy development. The Bureau of Ocean Energy Management is now rescinding all designated wind energy areas in federal waters, announcing on Wednesday an end to setting aside large areas for 'speculative wind development.' Offshore wind lease sales were anticipated off the coasts of Texas, Louisiana, Maine, New York, California and Oregon, as well as in the central Atlantic. The Biden administration last year had announced a five-year schedule to lease federal offshore tracts for wind energy production. Trump began reversing the country's energy policies after taking office in January. A series of executive orders took aim at increasing oil, gas and coal production. The Republican president has been hostile to renewable energy, particularly offshore wind. One early executive order temporarily halted offshore wind lease sales in federal waters and paused the issuance of approvals, permits and loans for all wind projects. In trying to make a case against wind energy, he has relied on false and misleading claims about the use of wind power in the U.S. and around the world. The bureau said it was acting in accordance with Trump's action and an order by his interior secretary this week to end any preferential treatment toward wind and solar facilities, which were described as unreliable, foreign-controlled energy sources. Robin Shaffer, president of Protect Our Coast New Jersey, applauded the administration for its actions and said they were long overdue. Opponents of offshore wind projects are particularly vocal and well-organized in New Jersey. 'It's hard to believe these projects ever got this far because of the immensity, scale, scope and expense, compared to relatively cheap and reliable forms of onshore power,' he said Thursday. 'We're nearly there, but we haven't reached the finish line yet.' Attorneys general from 17 states and the District of Columbia are suing in federal court to challenge Trump's executive order halting leasing and permitting for wind energy projects. His administration had also halted work on a major offshore wind project for New York, but allowed it to resume in May. The nation's first commercial-scale offshore wind farm, a 12-turbine wind farm called South Fork, opened last year east of Montauk Point, New York.

USA Today
15 minutes ago
- USA Today
Judges question whether Trump tariffs are authorized by emergency powers
The U.S. Court of Appeals for the Federal Circuit is considering the legality of "reciprocal" tariffs Trump imposed on U.S. trading partners. U.S. appeals court judges sharply questioned on July 31 whether President Donald Trump's tariffs were justified by the president's emergency powers, after a lower court said he exceeded his authority with sweeping levies on imported goods. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of "reciprocal" tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico. In hearing arguments in two cases brought by five small U.S. businesses and 12 Democratic-led U.S. states, judges pressed government lawyer Brett Shumate to explain how the International Emergency Economic Powers Act (IEEPA), a 1977 law historically used for sanctioning enemies or freezing their assets, gave Trump the power to impose tariffs. More: Trump's final stumbling blocks for countries hoping to avoid tariff hikes: Live updates Trump is the first president to use IEEPA to impose tariffs. "IEEPA doesn't even say tariffs, doesn't even mention them," one of the judges said. Shumate said that the law allows for "extraordinary" authority in an emergency, including the ability to stop imports completely. He said IEEPA authorizes tariffs because it allows a president to "regulate" imports in a crisis. The arguments - one day before Trump plans to increase tariff rates on imported goods from nearly all U.S. trading partners - mark the first test before a U.S. appeals court of the scope of his tariff authority. The president has made tariffs a central instrument of his foreign policy, wielding them aggressively in his second term as leverage in trade negotiations and to push back against what he has called unfair practices. Trump has said the April tariffs were a response to persistent U.S. trade imbalances and declining U.S. manufacturing power. More: Trade whiplash: Appeals Court allows Trump to keep tariffs while appeal plays out He said the tariffs against China, Canada and Mexico were appropriate because those countries were not doing enough to stop illegal fentanyl from crossing U.S. borders. The countries have denied that claim. "Tariffs are making America GREAT & RICH Again," Trump wrote in a social media post on Thursday. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today." The states and businesses challenging the tariffs argued that they are not permissible under IEEPA and that the U.S. Constitution grants Congress, and not the president, authority over tariffs and other taxes. The case is being heard by a panel of all of the court's active judges, eight appointed by Democratic presidents and three appointed by former Republican presidents. The timing of the court's decision is uncertain, and the losing side will likely appeal quickly to the U.S. Supreme Court. Trade negotiations Tariffs are starting to build into a significant revenue source for the federal government, with customs duties in June quadrupling to about $27 billion, a record, and through June have topped $100 billion for the current fiscal year. That income could be crucial to offset lost revenue from Trump's tax bill passed into law earlier this month. But economists say the duties threaten to raise prices for U.S. consumers and reduce corporate profits. Trump's on-again, off-again tariff threats have roiled financial markets and disrupted U.S. companies' ability to manage supply chains, production, staffing and prices. Dan Rayfield, the attorney general of Oregon, one of the states challenging the levies, said that the tariffs were a "regressive tax" that is making household items more expensive. On May 28, a three-judge panel of the U.S. Court of International Trade sided with the Democratic states and small businesses that challenged Trump. It said that the IEEPA did not authorize tariffs related to longstanding trade deficits. The Federal Circuit has allowed the tariffs to remain in place while it considers the administration's appeal. The case will have no impact on tariffs levied under more traditional legal authority, such as duties on steel and aluminum imports. The president recently announced trade deals that set tariff rates on goods from the European Union and Japan, following smaller trade agreements with Britain, Indonesia and Vietnam. Trump's Department of Justice has argued that limiting the president's tariff authority could undermine ongoing trade negotiations, while other Trump officials have said that negotiations have continued with little change after the initial setback in court. Trump has set an August 1 date for higher tariffs on countries that don't negotiate new trade deals. There are at least seven other lawsuits challenging Trump's invocation of IEEPA, including cases brought by other small businesses and California. A federal judge in Washington, D.C., ruled against Trump in one of those cases, and no judge has yet backed Trump's claim of unlimited emergency tariff authority.


The Hill
15 minutes ago
- The Hill
The Latest: US inflation ticked higher last month, as Trump's latest tariff deadline nears
A key U.S. inflation gauge rose last month, in a sign that President Donald Trump's broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6% in June compared with a year ago, the Commerce Department said on Thursday, up from an annual pace of 2.4% in May. Excluding the volatile food and energy categories, prices rose 2.8% in the past year, the same as the previous month, which was revised higher. Meanwhile, Trump has announced a flurry of trade activity ahead of his latest deadline Friday to impose even steeper import taxes on goods coming from countries around the world. A handful of trade deals have trickled in — most recently with South Korea and Pakistan — but many details remain hazy. Thorny negotiations for most trading partners remain up in the air. And, while Trump may have gotten his way with tariffs on some countries, his overhaul of American trade policy still faces a challenge in federal court. Here's the Latest: Trump lashes out at India for its relationship with Russia The U.S. president on Truth Social suggested that he plans to do as little trade as possible with India and Russia. 'I don't care what India does with Russia,' Trump posted. 'They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let's keep it that way.' Trump announced on Wednesday 25% tariffs on goods from India and additional penalties for India's reliance on Russia for oil and military equipment. Trump also issued a warning to Dmitry Medvedev, the former Russian president, saying that he should 'watch his words' and that he's 'entering very dangerous territory!' Trump is using Canada's recognition of the Palestinian state in trade talks Trump said Canada's announcement it will recognize a Palestinian state 'will make it very hard' for the U.S. to reach a trade agreement with its northern neighbor. The threat posted in the early hours Thursday on Trump's social media network is the latest way he has sought to use his trade war to coerce countries on unrelated issues and is a swing from the ambivalence he has expressed about other countries making such a move. 'Wow! Canada has just announced that it is backing statehood for Palestine,' Trump said in his post on Truth Social just past midnight. 'That will make it very hard for us to make a Trade Deal with them. Oh' Canada!!!' The Republican president said this week that he didn't mind British Prime Minister Keir Starmer taking a position on the issue of formally recognizing Palestinian statehood. And last week, he said that French President Emmanuel Macron's similar move was 'not going to change anything.' ▶ Read more about Trump's trade talks with Canada. US and Pakistan announce trade agreement The U.S. and Pakistan reached a trade agreement expected to allow Washington to help develop Pakistan's largely untapped oil reserves and lower tariffs for the South Asian country, officials from both nations said Thursday. 'We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves,' Trump wrote on his Truth Social platform. 'We are in the process of choosing the oil company that will lead this partnership.' Pakistan's Prime Minister Shehbaz Sharif welcomed the 'long-awaited' deal and thanked Trump for playing a key role in finalizing it. Pakistan's Finance Ministry said in a statement early Thursday the agreement aims to boost bilateral trade, expand market access, attract investment and foster cooperation in areas of mutual interest. The deal includes a reduction in reciprocal tariffs, particularly on Pakistani exports to the U.S., the statement from the ministry said. A new figure wasn't immediately provided. ▶ Read more about the Pakistan's trade agreement with the U.S. Trump and his tariffs still face a challenge in federal court Trump may have gotten his way with tariffs on some countries, but his overhaul of American trade policy has not gone unchallenged. In May, a three-judge panel of the U.S. Court of International Trade agreed that Trump exceeded his powers when he declared a national emergency to plaster tariffs on imports from almost every country in the world. Now, on Thursday, the 11 judges on the U.S. Court of Appeals for the Federal Circuit in Washington, which typically specializes in patent law, are scheduled to hear oral arguments from the Trump administration and from the states and businesses that want his sweeping import taxes struck down. That court earlier allowed the federal government to continue collecting Trump's tariffs as the case works its way through the judicial system. The issues are so weighty — involving the president's power to bypass Congress and impose taxes with huge economic consequences in the United States and abroad — that the case is widely expected to reach the U.S. Supreme Court, regardless of what the appeals court decides. ▶ Read more about the challenge in federal court. Indian government assesses the impact of the US's coming tariffs India's Trade Minister Piyush Goyal on Thursday said the Indian government is in talks with exporters, industries and other stakeholders to assess the impact of 25% import tariff imposed by the U.S. on Indian goods. In a statement to the parliament, Goyal said the government will take all necessary steps to secure and advance the national interest. The minister said India has in the past decade transformed from being one of the fragile fives to the fastest growing major economy in the world. Goyal's comments were seen in contrast to Trump's social media post early Thursday wherein he slammed India and Russia, saying 'they can take their dead economies down together.' India relies heavily on imported crude oil, particularly from Russia India is currently the third biggest importer of oil after China and the United States, depending heavily on imported crude oil. Over 80% of India's crude oil is imported. Russia is the biggest supplier to India — followed by Iraq, Saudi Arabia, United Arab Emirates and the United States. Earlier this month, the country's crude processors were hit by the EU's sanctions on Indian diesel imports made from Russian oil, with Nayara Energy, an Indo-Russian oil refining and marketing company specifically targeted with penalties. 'Whether India will stop importing from Russia, depends on what the penalty is. The country will weigh its options before deciding,' said Sangeeta Godbole, a former trade negotiator with three decades of experience in the Indian government. Godbole said the vagueness of the penalty threat issued by the U.S. might be deliberate. 'It's all so fluid right now. According to me, the only people we can turn to are the Middle-East countries but they are part of the OPEC+ just like Russia,' she added. Top Indian business association expresses disappointment with 25% tariff rate The Federation of Indian Chambers of Commerce and Industry said it was disappointed with the imposition of 25% import tariffs and an additional penalty on Indian goods by the U.S. The 'move is unfortunate and will have a clear bearing on our exports,' said Harsha Vardhan Agarwal, president of the industry body. Agarwal hoped the higher tariffs will be short-lived and the two countries finalize a bilateral trade agreement soon. 'India and U.S. have a long-standing partnership, which is strengthened by our deepening engagement across an array of areas from technology to defense to energy and advance manufacturing. There is a lot our two countries can achieve together,' Agarwal said in a statement late Wednesday. US-South Korea trade deal includes $150 billion shipbuilding investment A top South Korean official says the $350 billion investment fund announced earlier by Trump includes $150 billion for cooperation on the shipbuilding industry. Kim Yong-beom, the presidential chief of staff for policy, told reporters in Seoul on Thursday that the $150 billion fund is 'the most noteworthy' part of the deal, saying it covers cooperation on all major parts of the shipbuilding industry such as constructions, maintenances, repairs and overhauls of vessels. He says South Korean companies have world-class shipbuilding capabilities and U.S. companies hold strengths in software sectors. South Korean president hails trade deal with the US South Korea's president hailed the trade deal announced by Trump Thursday, saying it would serve as a chance to further strengthen economic cooperation and military alliance with the United States. In a Facebook post, Lee Jae Myung said the $350 billion investment fund is meant to solidify a foundation for bilateral cooperation on strategic industries. The fund will play a role of supporting the entrance to the U.S. market by South Korean companies in areas where they excel such as shipbuilding, semiconductors, secondary batteries, biotechnology and energy. Lee also said the deal would remove uncertainty surrounding South Korea's export environment as the U.S. 15% tariff for goods from South Korea is a lower or similar figure facing other major trade competitors. 'The government was only engaged in negotiations by placing a top priority on national interests,' Lee said. 'It's important to pull out a mutually beneficial agreement, rather than seeking unilateral benefits.'