Trump breaks with Putin. But will it last?
Max Boot: Putin took Trump for granted. He's going to pay for his mistake.
David Ignatius: In squeezing Putin, Trump 'escalates to de-escalate'
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Yahoo
12 minutes ago
- Yahoo
US tariffs and weak dollar threaten Italian exports, says industry chief
By Giulia Segreti ROME (Reuters) -The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday. "The real issue is that, to date, not only do we have to consider the burden of tariffs, but we must add to that the euro's appreciation against the dollar," said Confindustria President Emanuele Orsini. The euro has risen by more than 12% against the dollar since the start of the year. Orsini said the dollar's devaluation against the euro "is the biggest in the world" and that Confindustria's projections indicate that it would increase in the coming months, to reach up to 20%. "Any tariff level on top of that is out of control," since the cheaper dollar represents the "highest tariff that (Europe) already faces... making us lame from the start", Orsini said at a conference in Rome. U.S. President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, a level European officials say is unacceptable and would end normal trade between two of the world's largest markets. According to Confindustria, each percentage point of tariffs imposed by the U.S. would translate into a loss of Italian exports worth 874 million euros ($1 billion). The association did not specify over what amount of time. With 30% tariffs, Italy would lose 37.5 billion euros in exports, Orsini said, factoring in the exchange rate impact. Earlier this month he had already warned that tariffs of 10% would have been unsustainable for the Italian economy. Orsini added that Trump's final goal was to "relocate Europe's major companies to the United States" and called on the European Union to set out a plan to hold on to its businesses. ($1 = 0.8608 euros)
USA Today
13 minutes ago
- USA Today
Broadcasting services squeezed
Good morning!🙋🏼♀️ I'm Nicole Fallert. I'm SAT for "The Summer I Turned Pretty" Season 3. Rural TV and radio stations face public media cuts Senate Majority Leader John Thune said he expects the final decision on billions of dollars in spending cuts likely late Wednesday or early tomorrow. The proposal slashes about $9 billion in federal funding for the Corporation for Public Broadcasting, which funds NPR and PBS, and foreign aid agencies including the World Health Organization and U.S. Agency for International Development. President Donald Trump's May 1 executive order called for the Corporation of Public Broadcasting to 'cease direct funding" to NPR and PBS. But some in the GOP worry about the impacts on rural areas. Is the 'tariff shock' finally here? In recent months, critics of President Donald Trump's tariff campaign have braced for an unwelcome rise in the inflation rate. That moment may have arrived. Prices rose 2.7% in the 12 months through June, the Labor Department announced July 15. It's the highest annual inflation rate since February and a sign that Trump's import taxes may be finally raising consumer prices, as many forecasters predicted. More news to know now What's the weather today? Check your local forecast here. Detainees go to new lengths to raise funds to cover legal fees In a photo on a former model from Colombia smiles under a white visor as she sunbathes in South Florida. But the image is far from her current reality: She's locked up in an ICE detention center in Louisiana. The cost of deportation defense can run into the thousands of dollars, and this woman is among a growing number of immigrant families that are using online fundraising to make ends meet. A USA TODAY analysis of fundraising efforts of one of the nation's largest crowdsourcing sites, found dozens of campaigns that have raised more than $1.8 million since President Trump took office, the majority in the past two months. "The Blonde that Shouldn't Get Deported" spoke with USA TODAY via video call from the ICE facility where she is detained. More rain, flooding expected in parts of New Jersey Cities across the Northeast and Mid-Atlantic were inundated by heavy rainfall that swamped roads, knocked out power and prompted water rescues this week. Video posted to social media showed a New York City subway station inundated with fast-moving floodwaters as passengers watched from inside a train, lifting their feet to avoid the water rushing into the subway car. In McLean, Virginia, just outside Washington, videos showed cars stuck in floodwaters. In New Jersey, two people were killed in flash flooding. Authorities issued a flood watch Wednesday for portions of central, northern and northwest New Jersey through late tonight. Today's talkers The Emmy nominations are here. Who got snubbed? While plenty of stars were celebrating after the 2025 Emmy nominations were announced Tuesday, there were inevitably some deserving and celebrated actors and TV shows left out from the list of nominees. While Martin Short gets to check off his yearly nod for Hulu's "Only Murders in the Building," his costars Steve Martin and Selena Gomez didn't have the same luck. And "Paradise," Hulu's post-apocalyptic thriller starring Sterling K. Brown and James Marsden, surprised with major drama category nods, likely pushing out previous nominees including "Yellowjackets," "Squid Game" and "The Handmaid's Tale." Here are the most jaw-dropping stars and TV shows to miss out on nominations for the 77th Primetime Emmy Awards. Photo of the day: National League reaches for the win After finishing nine innings all tied up, the Major League Baseball All-Star Game Tuesday night was decided by a swing-off for the first time, with the National League emerging victorious after blowing a six-run lead over the final three innings. Nicole Fallert is a newsletter writer at USA TODAY, sign up for the email here. Want to send Nicole a note? Shoot her an email at NFallert@
Axios
13 minutes ago
- Axios
U.K. and France recommit to Storm Shadow missile and its successor
The U.K. and France committed to buying additional Storm Shadow cruise missiles, wielded in the Russia-Ukraine war, while also pursuing a more sophisticated replacement. Why it matters: It's a sign of deepening relations between London and Paris, where the missile is known as SCALP. The deal falls under an updated Lancaster House Agreement, which details military and defense-tech cooperation between the two governments. The latest: Storm Shadow production lines will be upgraded, supporting 300-plus jobs at multinational contractor MBDA, while the next phase of a "project for both deep strike and anti-ship missiles" moves forward, according to a joint announcement. British and French defense chiefs John Healey and Sébastien Lecornu recently visited an MBDA facility. The latter posted on X: "Production of SCALP missiles to equip our forces will resume in 2025, 15 years after our last order." Zoom out: The Ukrainian military has lobbed Storm Shadows at Russian forces despite Moscow's warning of retaliation.
