Republican Speaker Johnson retreats on demand for Epstein disclosures, saying Trump needs ‘space'
WASHINGTON – US House Speaker Mike Johnson said on July 21 that he would not hold a House vote this summer on whether the Justice Department should
release files related to accused sex trafficker Jeffrey Epstein, retreating from his demand last week that the material must come out.
Reacting to intense pressure from the angry Maga base, Mr Johnson had on July 15 showed a rare glimpse of daylight between himself and Mr Trump, who was imploring his supporters to move on from the matter.
'We should put everything out there and let the people decide,' Mr Johnson had said on 'The Benny Show' when asked about the Justice Department's investigation into Epstein. 'I agree with the sentiment that we need to – we need to put it out there.'
The Rules Committee, a powerful panel controlled by the speaker, had even approved a measure that would bring to the floor a resolution calling for the disclosures, though Republicans gave no timetable for voting on it.
Less than a week later, the speaker reverted to his more familiar posture of deferring to the president.
'We need the administration to have the space to do what it is doing,' Mr Johnson told reporters at the Capitol on July 21 when asked about holding a House vote on releasing the investigative files.
'If further congressional action is necessary or appropriate, then we'll look at that,' Mr Johnson said.
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But he added that there would be no vote on the Epstein files before the House departs on July 24 for a six-week summer break, saying, 'I don't think we're at that point yet, because we agree with the president.'
Mr Johnson was able to obtain his gavel and has been able to keep it because of his unshakable loyalty to Mr Trump. His initial call for the release of the Epstein files when Mr Trump was asking for the opposite underscored how the case had created an unusual and deep split between the president and his supporters.
But the speaker's reversal suggests that Mr Trump's efforts to quell the unrest in his political base over the matter may be succeeding.
Mr Johnson implied that his concerns about transparency had been alleviated, for now, by Mr Trump's move to authorise attorney-general Pam Bondi to seek the public release of grand jury testimony from the prosecution of Epstein.
That is a far cry from the breadth of information the president's supporters have demanded, yet it appeared to be enough to persuade the speaker.
'There is no daylight between the House Republicans, the House and the president on maximum transparency,' Mr Johnson said on July 21. 'He has asked the attorney-general to request the grand jury files of the court; all of that is in process.'
It remains to be seen whether Mr Trump will be able to appease his supporters by selectively releasing material. But Mr Johnson's quick turnaround indicated that he intends to slow walk, or stymie, a floor vote that could potentially damage Mr Trump.
Still, Mr Johnson cannot control all of his members, some of whom are still channeling the angry base and have joined a long-shot bipartisan push to force a vote on the matter within weeks.
'If you tell the base of people, who support you, of deep state treasonous crimes, election interference, blackmail and rich powerful elite evil cabals, then you must take down every enemy of The People,' representative Marjorie Taylor Greene wrote on social media on July 21. 'If not. The base will turn and there's no going back. Dangling bits of red meat no longer satisfies. They want the whole steak dinner and will accept nothing else.' NYTIMES
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AsiaOne
2 hours ago
- AsiaOne
Trump administration asks judges to release Epstein, Maxwell grand jury transcripts, World News
NEW YORK — Donald Trump's administration urged two judges on Tuesday (July 29) night to release testimony heard by the grand juries that indicted the late financier Jeffrey Epstein and British socialite Ghislaine Maxwell on sex trafficking charges as the president seeks to calm an uproar over his administration's handling of the matter. The Justice Department first sought court permission on July 18 to make public transcripts of the confidential testimony given by witnesses years ago in the two cases, but Manhattan-based US District Judges Richard Berman and Paul Engelmayer asked the government to flesh out the legal bases for the requests. In a pair of court filings just before midnight, prosecutors said unsealing the materials would be appropriate given the "abundant public interest" in the Epstein case and persistent scrutiny of how it was handled by federal law enforcement. The Epstein case has been at the centre of conspiracy theories for years. Trump has faced pressure in recent months to make public documents from the federal investigations into Epstein and Maxwell. Epstein hanged himself in jail in 2019, an autopsy concluded, while awaiting trial on sex trafficking charges brought by federal prosecutors. He had pleaded not guilty. Maxwell, Epstein's longtime girlfriend, was convicted in 2021 on sex trafficking charges and is serving a 20-year prison sentence in Florida. Maxwell had pleaded not guilty and is now asking the US Supreme Court to overturn her conviction. Trump said this month he had asked Attorney General Pam Bondi to seek the release of grand jury transcripts in the two cases. The president did so after the Justice Department said it concluded that Epstein died by suicide and that there was no incriminating list of his clients. The Justice Department's announcement angered some of Trump's conservative supporters who believe the government is covering up Epstein's ties to the rich and powerful and that the financier was murdered in jail. Grand juries are convened by prosecutors and meet in secret to hear witness testimony and decide whether to indict people suspected of crimes. Records of their proceedings usually remain sealed. There are only limited circumstances under which such transcripts can be disclosed. Even if one or both of the judges allow the transcripts to be made public, it is not clear whether the public would learn anything new or noteworthy. Maxwell's four-week trial in 2021 included public testimony from alleged sex trafficking victims, associates of Epstein and Maxwell, and law enforcement officers. The transcripts also would not represent all the previously unreleased material in the government's possession. Investigators and prosecutors may pursue leads that they cannot substantiate or interview potential witnesses whom they do not ultimately call to testify before a grand jury. US District Judge Robin Rosenberg in Florida on July 23 denied the administration's request to unseal records from grand jury investigations in 2005 and 2007 in that state into Epstein. The judge found that the request did not fall into any of the limited exceptions that may allow for the release of such material. Epstein pleaded guilty in 2008 to a prostitution charge brought under Florida law and was given a 13-month sentence in a deal with prosecutors now widely regarded as too lenient. Deputy US Attorney General Todd Blanche, Trump's former personal lawyer, last week met with Maxwell for two days to see if she had any information about others who had committed crimes. Maxwell's lawyer David Markus and Blanche have not provided detailed accounts of their discussions. [[nid:720547]]
Business Times
2 hours ago
- Business Times
Trump tariff uncertainty distanced Vietnam from China. It didn't last
[HANOI] In Vietnam's northern manufacturing belt, tariff angst is not stopping the flow of Chinese money. If anything, it's growing. From a Chinese circuit board maker's eager calls for workers, to construction crews rushing to finish a new plant for a Shenzhen producer of gaming parts, the electronics hub of Bac Ninh province, just east of Hano,i is buzzing with Chinese activity. So much so that provincial officials expect to rubber-stamp US$1 billion in new investment licenses, many of them Chinese. These optics may seem unusual amid a geopolitical trade spat. Just months ago, the rhetoric from hawks in US President Donald Trump's administration had been clear: global producers such as Vietnam must rely less on China's supply chain or risk even higher American tariffs. Trump's trade adviser Peter Navarro took to Fox News in April and described Vietnam as 'essentially a colony of communist China'. But the reality has painted a different picture for Vietnam. Trump announced in early July that he'd reached a deal with Hanoi, setting tariffs at 20 per cent for goods made in Vietnam and 40 per cent for products suspected of being rerouted or 'transshipped' in trade speak, from countries such as China. Neighbours in South-east Asia are getting tariffs of about 20 per cent while China faces a duty of about 55 per cent, leaving Vietnam relatively secure. 'Vietnam is still in a relatively favourable position,' said Bloomberg Intelligence analyst Steven Tseng. 'While its 20 per cent tariff is not the lowest, it does not necessarily hurt competitiveness given Vietnam's cost advantage, established industrial base and geographical proximity to China. It still makes sense for Chinese manufacturers to shift to Vietnam.' My Trinh, a manager at KCN Vietnam, which builds ready-to-use factories and warehouses for global suppliers, said that the first phase of her company's latest industrial developments sold out fast. Most of the dozen factory shells will bear the logos of Chinese firms, including Shenzhen MYGT, which makes game controllers for Microsoft and Nintendo, and Dongguan Rayking Electronics, a maker of electroacoustic circuit boards. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up 'They are still accelerating without any hesitation,' Trinh said in an interview at a Bac Ninh industrial park earlier this month. It's a welcome respite for the South-east Asian nation. In April, Trump had stood in the Rose Garden and unveiled his laundry list of levies aimed at countries he accused of unfair trade. Among them, Vietnam was hit with a punishing 46 per cent tariff, one of the highest among about 90 countries. The country, normally adept at straddling East and West, initially saw orders from US customers fall. Fears the tariff could devastate large swathes of the economy spread fast, and officials quickly dispatched several delegations to Washington. To Vietnam's relief, the pause in orders turned out to be brief. Its US trade agreement has meant Vietnam is no worse off than rival nations. A major sticking point remains what the White House counts as a transshipped product, something the Trump administration is expected to detail soon. But despite the uncertainty, Vietnam's growing role in the global supply chain has meant that foreign investments are increasing, said Nguyen Duc Long, a Bac Ninh provincial official. Long expects US$1 billion in investments in the province on top of US$4 billion in foreign money already pledged in the first half of this year. 'Companies in our industrial parks are still operating normally,' Long said with casual calm while sipping green tea. 'Goods are coming in and going out.' Vietnamese officials have cause to be cautiously optimistic. China remains the country's largest trading partner by a wide margin. Investments pledged by those from China and Hong Kong in the first half of this year jumped 23 per cent on the year to US$3.6 billion, according to Vietnamese government data. In the second quarter, after Trump announced his tariffs, they increased 24 per cent from a year ago. But officials in Hanoi also acknowledged that the tariffs could hit its US exports hard and the tech industry is especially vulnerable. Shipments to America may decline by as much as a third and tech exports could drop by about US$15 billion, according to an internal government assessment dated Jul 11, Bloomberg News reported. Vietnamese officials have said negotiations with the US are ongoing. Manufacturers may be hit by another curveball: Beijing, not happy that suppliers are expanding beyond its borders, is making it harder for experts and high-tech manufacturing equipment to go abroad. 'Vietnam remains a very attractive investment destination,' said Daniel Kritenbrink, who was US ambassador to Vietnam from 2017 to 2021 and is now a partner with The Asia Group consultancy. 'But I don't know that I've seen any massive new projects either. We have to see where these trade negotiations land.' Staying power Vietnam has come a long way from its agrarian past. The Communist government has signed more than a dozen trade deals and is aggressively seeking more pacts in new regions, boosting the country's appeal to suppliers who ship products across the globe from the South-east Asian nation. Labour is cheap, the workforce young and tech-literate. The politics are stable. Logistics are set to get smoother as the government plans billion-dollar infrastructure projects. Rival nations are locking in tariff rates close to that of Vietnam. The Philippines and Indonesia negotiated trade deals with tariffs of 19 per cent each, just a percentage point below Vietnam's, signalling that much of South-east Asia could get a similar rate. Apple CEO Tim Cook in May said that Vietnam will produce 'almost all' of its iPads, MacBooks, watches and AirPods for the American market. BW Industrial, a logistics and industrial property developer that is a joint venture between Warburg Pincus and Becamex IDC, said that it had leased more than 84 per cent of its planned space for the year within the first five months of 2025. 'It's not just Chinese companies,' said Jeffrey Perlman, chief executive officer of Warburg Pincus, which has invested about US$2 billion in eight Vietnamese companies. 'Most companies, whether American, Korean, Japanese, or others, are moving here regardless.' China factor That momentum, however, runs on Chinese parts. Vietnam imported nearly US$85 billion worth of goods from China in the first half of this year alone, a 26 per cent jump year-over-year and nearly 40 per cent of total imports. Those goods include electronic components, fabric, machine parts – the kind of electronic guts that power everything from PCs to drones. 'The inputs Vietnam needs for its top exports, phones and textiles, are dependent on China,' said Trinh Nguyen, a senior economist at Natixis. The irony is that the country's trade gap with the US, the third-largest behind China and Mexico last year, accelerated because of Trump's first-term trade war with China, which drove more manufacturers to Vietnam. Now, as the nation becomes more entrenched as part of the global supply chain, it finds itself relying more on Chinese parts than ever before. Much of what's 'Made in Vietnam' is made possible by China. Trump had tried to decouple countries such as Vietnam from China, as evidenced by the steep 40 per cent tariff on transshipped goods, but those efforts 'will remain ineffective, as China continues to be a major supplier of a wide range of components', Bloomberg Intelligence's Tseng said. At a recent electronics expo in Bac Ninh, Chinese executives fanned out across exhibition halls. The consensus: Vietnam's attraction will outlast the Trump administration. 'There are so many business opportunities in Vietnam,' said Huang Jun Han, CEO of Guangdong Chau Light Infrared Semiconductor, which manufactures components for products ranging from Bluetooth earbuds to automobile sensors. Factory renter KCN Vietnam knows this well. It has 11 industrial sites in the country and plans to more than double that number by 2028. Customers 'are really pushing us' to get factories ready as soon as possible, said KCN chief operations officer Hardy Diec. 'The majority are signing five-plus year contracts. They are here to invest for the longer term.' BLOOMBERG

Straits Times
3 hours ago
- Straits Times
‘Hashing things out': Japan, Vietnam, EU contest terms of US tariff deal behind the scenes
Sign up now: Get ST's newsletters delivered to your inbox The devil lies in the nitty-gritty, and leaders from Asia and Europe have openly contradicted the US on the terms of agreement. – US President Donald Trump has chalked up a spate of headline-grabbing trade deals as the clock ticks down to his Aug 1 'reciprocal' tariffs deadline. But cracks are emerging over their precise terms amid confusion over their timing, implementation, and investment conditions. Critics have reportedly described the agreements as 'flimsy napkin deals'. The devil lies in the nitty-gritty , and leaders from Asia and Europe have openly contradicted the US on the terms of agreement. For Vietnam , The Straits Times understands that the proposed rates that were announced were not even what Hanoi had agreed on . Mr Trump touted a deal with Hanoi on July 2, proposing a 20 per cent 'reciprocal' tariff and a 40 per cent rate for transshipments. Unlike Japan and the EU, Vietnam believes it would be counterproductive to oppose Mr Trump publicly and directly, and both teams of negotiators are now hashing things out quietly. 'The strategy here is to work on the definition of goods that are deemed to be transshipped, not to change the headline number of 40 per cent itself,' a source with knowledge of Vietnam's ongoing trade talks with the Trump administration told ST. 'Ultimately, we hope to be able to persuade the White House that it is a fact that the Chinese are manufacturing products that form the bulk of the goods that we make. It is not fraud, but simply how the supply chains work,' the person added. For Japan, a deal was struck on July 22 for the US to lower the 'reciprocal' tariff rate from 25 per cent to 15 per cent, and car levies from 27.5 per cent to 15 per cent. As part of the deal, Mr Trump said Japan pledged US$550 billion (S$708 billion) in investments as a 'signing bonus', with the US to rake in 90 per cent of the profits. With the European Union, the US agreed on July 27 to halve tariff rates to 15 per cent, with the bloc committing an additional US$600 billion in investments in the US. For both agreements, there is no clear start date on their implementation. Politicians, economists and analysts are struggling to unmuddy the waters of what exactly had been agreed on. In the EU, where French and German leaders are among those to have soured on the deal, Bloomberg cited officials as saying that the announced agreement was but the first step in a long-drawn process for trade negotiators to iron out a legally binding text. For Japan, chief trade negotiator Ryosei Akazawa even said that Tokyo would forgo a formal legally binding document lest this holds up the deal's implementation. But the absence of any signed document and a different understanding with the US over what had been agreed on precisely is turning up the heat on embattled Prime Minister Shigeru Ishiba. Mr Ishiba is fighting for his political survival after his ruling coalition was routed in consecutive polls, losing its majority in both the Lower and Upper House of the Diet. On July 28, he again reiterated that he would not resign as a political vacuum would only jeopardise an agreement that 'serves both countries' national interests, while protecting what we should protect'. One day later, he announced a task force to oversee the proper implementation of the deal. Among its members was Economy Minister Yoji Muto, who said at a regular news conference: 'With the deadline in mind, we urge the US to take necessary measures such as by issuing a presidential order to reduce the tariffs, as soon as possible.' There is, however, a fair share of critics, even within the ruling Liberal Democratic Party, over the lack of clarity and how the agreement was struck. Former economic security minister Sanae Takaichi, who is gunning to replace Mr Ishiba in the top job, wrote on X: 'In the absence of any written agreement, we don't know exactly what has been guaranteed.' She went on to highlight the discrepancies in both countries' statements . For example, while Mr Trump boasted that Japan agreed to 'buy billions of dollars worth of military and other equipment', such a commitment was nowhere in a Japanese fact sheet on July 25 of what was agreed on. But the biggest minefield stemmed from the supposed US$550 billion in investments, to be made across nine strategic sectors such as chips, pharmaceuticals, steel and shipbuilding. 'What Japan did is they brought down their tariffs. They gave us US$550 billion upfront, 100 per cent. We get 90 per cent, they get 10 per cent,' Mr Trump had said. US Commerce Secretary Howard Lutnick described Japan as 'the banker', with a White House fact sheet saying that Japan would invest as 'directed by the United States to rebuild and expand core American industries'. The Japanese document instead said Japan pledged 'up to' US$550 billion – and not the precise figure. The US would be assured 90 per cent of profits and Japan, 10 per cent, 'proportionate to their respective financing contributions and risk burdens'. And rather than Japan taking orders from the US, Mr Akazawa stressed that the government-linked Japan Bank for International Cooperation would strictly review the projects that it would finance. He added that between 1 and 2 per cent would be actual investment, with the remainder funded by loans or loan guarantees. Further, while US Treasury Secretary Scott Bessent has threatened that Japan's 'reciprocal' tariff rate would boomerang back to 25 per cent if its deal was not followed faithfully, Mr Akazawa denied that any punitive measures were ever discussed. 'The uncertainty is only growing,' Ms Takaichi said. A source privy to the trade talks told ST that Japan was girding for even more turbulence ahead, given that 'there are voices within the US administration that it had been too lenient on Japan'. Geoeconomics expert Saori Katada of the University of Southern California told ST: 'Although the vibes after the Japan-US deal last week seem to be that it was a 'massive' agreement and an absolute success, I fully doubt so.' She observed that the US would have been in a hurry to land a good deal with Japan, a sizeable economy and an Indo-Pacific security ally whose political climate is increasingly volatile. As Mr Trump turned up the heat on Japan over alleged market barriers in cars and rice , the US could score headlines by playing up Japan's compromises. Japan agreed to allow US cars to be imported without the need for additional safety tests, and review subsidies to promote electric vehicles. It also promised to buy more US rice within the tariff-free import quota of 770,000 tonnes. The deal gave Mr Ishiba a policy victory, as he had long described the tariffs as a 'national crisis'. While the 15 per cent rate was still markedly higher than before Mr Trump announced sweeping 'Liberation Day' tariffs, the glass-half-full view of the July 22 deal was how low it was compared with other countries, with Mr Trump unlikely to exempt any country or region from these 'reciprocal' tariffs. 'It sounds like a public relations ploy on both sides, especially in the US,' Dr Katada said, adding: 'I think the global uncertainty will not end with the current series of 'trade deals', especially when Trump sees that others can be pushed around.' Meanwhile, criticism continues to swirl over the purported US$550 billion investment pledge, which main opposition leader Yoshihiko Noda warned would be a 'minefield'. Nomura Research Institute executive economist Takahide Kiuchi, a former Bank of Japan policy board member, said the statements from the US make the deal feel 'as though Japan's sovereignty is being infringed upon'. Dr Stefan Angrick, head of Japan and frontier markets at Moody's Analytics, added: 'The deal is unlikely to be the final chapter in a saga that has bruised Japan's economy.'