How a Youth-Led Backlash Pushed Zelensky to His Biggest U-Turn Yet
If you encounter corruption, President Volodymyr Zelensky said in the 2019 message playing on Tymoshenko's speaker, call the National Anticorruption Bureau of Ukraine.
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Washington Post
26 minutes ago
- Washington Post
Sanctions bill targets China for enabling Putin's war in Ukraine
Bipartisan legislation introduced in the Senate on Friday would force the Trump administration to impose economic penalties on China for supporting Russia's war machine, targeting Moscow's most important sponsor as the president intensifies efforts to end the war in Ukraine. The bill introduced by Sens. Jeanne Shaheen (D-New Hampshire) and John Cornyn (R-Texas) would require the administration to target Chinese 'entities and individuals' that have helped sustain the Russian defense industry despite enormous battlefield losses and widespread Western sanctions imposed since the start of the war.
Fox News
an hour ago
- Fox News
Trump moves nuclear submarines weeks after praising sub's power in Iran strikes
President Donald Trump unveiled plans Friday to reposition two nuclear submarines as he and Russia's former president sparred over Trump's increased pressure on Moscow to end the war with Ukraine. After Trump announced a new deadline for Russia to end the conflict with Ukraine in early August, former Russian President Dmitry Medvedev said on Monday that the announcement is an additional "step towards war." "Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that," Trump said in a post on Truth Social Friday. The announcement comes just weeks after Trump praised the contributions of a guided-missile submarine involved in the strikes against Iran, which launched more than two dozen Tomahawk cruise missiles at key Iranian targets, officials said. "By the way, if anyone thinks our 'hardware' was great over the weekend, far and away the strongest and best equipment we have, 20 years advanced over the pack, is our Nuclear Submarines," Trump said June 23 in a Truth Social post. "They are the most powerful and lethal weapons ever built, and just launched the 30 Tomahawks — All 30 hit their mark perfectly. So, in addition to our Great Fighter Pilots, thank you to the Captain and Crew!" The mission, which targeted Iranian nuclear facilities Fordow, Natanz and Isfahan, also involved more than 125 U.S. aircraft, including B-2 stealth bombers, according to Chairman of the Joint Chiefs of Staff Gen. Dan Caine. Caine did not disclose the name of the submarine that was involved in the Iran strikes. However, he said that a "guided-missile submarine" was involved. Four of the U.S. Navy's Ohio-class submarines were converted into guided-missile submarines to accommodate conventional land attacks, as well as Special Operations Forces platforms. These submarines are the Ohio, Florida, Michigan and Georgia, according to the U.S. Navy. All U.S. Navy submarines are nuclear-powered, and Trump did not disclose additional details surrounding the submarines that would be repositioned amid increased tension with Russia. It is incredibly rare for defense officials to comment or reveal the locations of submarines, given the highly classified nature of their deployments and movements. Trump initially announced on July 14 that he would sign off on "severe tariffs" against Russia if Moscow were to fail to agree to a peace deal within 50 days. However, Trump said Monday that waiting that period of time was pointless as negotiations have continued to drag on for months. "I'm going to make a new deadline, of about 10 — 10 or 12 days from today," Trump told reporters in Scotland Monday. "There's no reason for waiting. It was 50 days. I wanted to be generous, but we just don't see any progress being made." In response, Medvedev, now the deputy chairman of the Security Council of Russia, accused Trump of playing the "ultimatum game." "Trump's playing the ultimatum game with Russia: 50 days or 10 … He should remember 2 things: 1. Russia isn't Israel or even Iran. 2. Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country," Medvedev said in a post on X on Monday. Trump's new deadline comes amid heightened frustration with Russian President Vladimir Putin amid stalled progress toward peace between Russia and Ukraine, and just days after Russia launched more than 300 drones, four cruise missiles and three ballistic missiles into Ukraine, according to the Ukrainian air force.
Yahoo
2 hours ago
- Yahoo
Higher Tariffs on Swiss Imports May Lead to Pricier Nespresso Products and Watches
Key Takeaways President Donald Trump unveiled plans to impose a 39% tariff on Swiss imports—the fourth highest import tax in his most-recent list of "reciprocal" tariffs. The import tax could lead to higher prices on Nespresso products and watches, executives said. Some $18.9 billion in pharmaceutical products were imported from Switzerland last year, and could also be subject to a sector-specific goods may soon be subject to steep tariffs that could drive up the price for Nespresso products, pharmaceuticals and watches in the U.S. President Donald Trump announced plans to impose a 39% tariff on goods from Switzerland beginning August 7th. That's the fourth-highest rate unveiled by the White House in its latest list of "reciprocal" tariffs, which are an attempt to rebalance trade with nations that buy less than they sell to the U.S. Switzerland's General Counsel in a series of messages on the social network X said the tariffs come "despite the progress made in bilateral talks and Switzerland's very constructive stance from the outset" and that it "continues to seek a negotiated solution" with the U.S. Switzerland had a $38.5 billion trade deficit with the U.S. in 2024, according to the Office of the U.S. Trade Representative. The U.S. imported $63.4 billion worth of goods from Switzerland last year, including $18.9 billion in pharmaceutical products, nearly $15 billion in precious metals, pearls and stones, $6.4 billion in clocks and watches, and $4.6 billion in organic chemicals, according to data downloaded from the U.S. Department of Commerce. Companies paying import taxes may price the expense into their U.S. rates. One retailer, the U.K.-based Watches of Switzerland Group PLC, has already seen its U.S. partners raise prices by a mid-single digit percent, CFO Anders Romberg said on a quarterly earnings call in July. At that point, the tariff rate was 10%. 'Our view is that some brands are looking to share the tariff pain with retailers rather than passing the full cost on to the consumers,' Romberg said, according to a transcript made available by AlphaSense. Nespresso machines and coffee are among the few products the Swiss-based Nestlé imports into the U.S., company leaders said on a conference call in April. Price increases were among the 'mitigating actions' under consideration, CFO Anna Manz said, according to a transcript. But Nestlé cited rising commodity prices when talking about its coffee-price increases on a conference call in July. The outlook for pharmaceuticals is harder to gauge, with Trump floating a 200% tariff on the sector. Some products that are critical for U.S. national security may get exemptions, said Thomas Schinecker, CEO of Switzerland-based Roche Holdings. The company was moving inventory into the U.S. and ramping up production of medicines made here, Schinecker told investors in July. 'We've had a number of discussions with the U.S. government, and there is clearly this idea that was mentioned before that there is a transition time for pharma companies,' Schinecker said, according to a transcript. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
