Trump Says He Has A Tariff Deal With European Union, Avoiding Trade War
Trump made the announcement at Trump Turnberry, his seaside golf resort in western Scotland, after meeting with European Commission President Ursula von der Leyen, who leads the EU's executive body.
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Associated Press
10 minutes ago
- Associated Press
Asian shares are mostly higher after China-US talks end without a trade deal
BANGKOK (AP) — Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped. Beijing's top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S. side said an extension was discussed, but not decided on. U.S. Trade Representative Jamieson Greer says the American team would head back to Washington and 'talk to the president about whether that's something that he wants to do.' A Friday deadline is looming for many of Trump's proposed tariffs on other countries. Several highly anticipated economic reports are also on the way, including the latest monthly update on the job market. 'Markets had been floating on a cloud of trade optimism — first Japan, then the EU — but the sugar high is wearing off. Now, with U.S.-China talks dragging on in Stockholm, there's a growing sense that the momentum is stalling,' Stephen Innes of SPI Asset Management said in a commentary. Hong Kong's Hang Seng index shed 0.3% to 25,441.64 while the Shanghai Composite index gained 0.5% to 3,628.53. Tokyo's Nikkei 225 index edged less than 0.1% higher to 40,687.17. Gains for electronics companies were offset by losses for major exporters like Toyota Motor Corp. and Honda Motor Co. Australia's S&P/ASX 200 climbed 0.6% to 8,759.20 and in South Korea, the Kospi gained 0.9% to 3,259.00. Taiwan's Taiex rose 0.9% while the Sensex in India edged 0.1% higher. On Tuesday, U.S. stock indexes edged back from their record levels as a busy week for Wall Street picked up momentum. The S&P 500 fell 0.3% to 6,370.86, while the Dow Jones Industrial Average lost 0.5% to 44,632.99. The Nasdaq composite was down 0.4% at 21,098.29. SoFi Technologies jumped 7.4%, but Merck dropped 2.2% and UPS sank 9.2% following a torrent of profit reports from big U.S. companies. They're among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index. UnitedHealth Group dropped 5.8% after reporting a profit for the spring that fell short of analysts' expectations. It also gave a forecast for profit over all of 2025 that investors found disappointing. The health care giant said it expected to earn at least $16 per share, when analysts were looking for something close to $20, according to FactSet. Shares of Novo Nordisk that trade in the United States tumbled 21.3% after the Danish company cut its forecast for sales growth this year, in part because of lower expectations for its Wegovy weight-loss drug amid high competition. Treasury yields sank as the Federal Reserve began a two-day meeting on interest rates. Despite pressure from President Donald Trump for lower rates, which would give the economy a boost, the widespread expectation is that the Fed will wait for more data about how Trump's tariffs are affecting inflation and the economy before making its next move. The U.S. economy appears to be slowing. One report on Tuesday said that U.S. employers were advertising fewer job openings at the end of June than a month before, though still more than economists expected. A separate report said confidence rose among U.S. consumers, but a measure of their expectations about the near term remains below the level that typically signals a recession ahead. In other dealings early Wednesday, U.S. benchmark crude oil picked up 7 cents to $69.28 per barrel, while Brent crude, the international standard, was up 13 cents at $71.82 per barrel. The dollar fell to 148.13 Japanese yen from 148.48 yen. The euro rose to $1.1554 from $1.1546. ___ AP Business Writers Matt Ott and Stan Choe contributed.
Associated Press
10 minutes ago
- Associated Press
UN investigator says US sanctions over her criticism of Israel will seriously impact her life
ROME (AP) — An independent U.N. investigator and outspoken critic of Israel's policies in Gaza says that the sanctions recently imposed on her by the Trump administration will have serious impacts on her life and work. Francesca Albanese, the U.N. special rapporteur for the West Bank and Gaza, is a member of a group of experts chosen by the 47-member U.N. Human Rights Council in Geneva. She is tasked with probing human rights abuses in the Palestinian territories and has been vocal about what she has described as the 'genocide' by Israel against Palestinians in Gaza. Both Israel and the United States, which provides military support to its close ally, have strongly denied that accusation. Washington has decried what it called a 'campaign of political and economic warfare' against the U.S. and Israel, and earlier this month imposed sanctions on Albanese, following an unsuccessful U.S. pressure campaign to force the international body to remove her from her post. 'It's very serious to be on the list of the people sanctioned by the U.S.,' Albanese told The Associated Press in Rome on Tuesday, adding that individuals sanctioned by the U.S. cannot have financial interactions or credit cards with any American bank. When used in 'a political way,' she said the sanctions 'are harmful, dangerous.' 'My daughter is American. I've been living in the U.S. and I have some assets there. So of course, it's going to harm me,' Albanese said. 'What can I do? I did everything I did in good faith, and knowing that, my commitment to justice is more important than personal interests.' The sanctions have not dissuaded Albanese from her work — or her viewpoints — and in July, she published a new report, focused on what she defines as 'Israel's genocidal economy' in Palestinian territories. 'There's an entire ecosystem that has allowed Israel's occupation to thrive. And then it has also morphed into an economy of genocide,' she said. In the conclusion of the report, Albanese calls for sanctions against Israel and prosecution of 'architects, executors and profiteers of this genocide.' Albanese noted a recent shift in perceptions in Europe and around the world following an outcry over images of emaciated children in Gaza and reports of dozens of hunger-related deaths after nearly 22 months of war. 'It's shocking,' she said. 'I don't think that there are words left to describe what's happening to the Palestinian people.' The war began on Oct. 7, 2023, when Hamas-led militants stormed into Israel and killed some 1,200 people, mostly civilians, and took 251 people captive. Israel's retaliatory campaign has killed over 60,000 Palestinians, according to Gaza's Health Ministry, which does not differentiate between combatants and civilians but says more than half the dead are women and children. Nearly 21 months into the conflict that displaced the vast majority of Gaza's 2.3 million people, the United Nations says hunger is rampant after a lengthy Israeli blockade on food entering the territory and medical care is extremely limited.
Washington Post
10 minutes ago
- Washington Post
Doonesbury Comic Strips by Garry Trudeau - July 30, 2000
........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for.".... ........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for.".... ........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for."....
