Connect with us

Politics

Trump looks to impose additional $100 billion in China tariffs

Published

on

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

WASHINGTON — President Donald Trump said Thursday that he is weighing an additional $100 billion in tariffs on China, raising the stakes in a potential trade war his top aides have tried to downplay.

The president ordered the U.S. Trade Representative (USTR) to explore the new trade penalties, beyond the $50 billion in U.S. tariffs on Chinese imports the White House announced Tuesday. China earlier this week announced $50 billion in tariffs on American goods.

“Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate…and, if so, to identify the products upon which to impose such tariffs,” the president said in a statement released Thursday evening.

“I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests.”

Source link

Politics

CEOs discuss pulling donations, additional public statements to fight voting bills

Published

on

More than 120 CEOs, business leaders, attorneys and experts came together on Saturday afternoon to discuss further action against voting legislation nationwide, call attendees told NBC News.

The group discussed numerous options for pushing back on the GOP-led efforts to restrict access to the ballot box including pulling donations, refusing to relocate business or jobs to states that pass restrictive measures, and moving events, said one of the call’s organizers, Jeffrey Sonnenfeld.

“It was incredibly concrete,” he told NBC News.

The meeting was first reported Sunday by The Wall Street Journal.

A wide variety of industries were represented on the call: financial, pharmaceutical, travel, technology, retail, and transportation. Notable attendees included Brad Karp of the law firm Paul, Weiss, Rifkind, Wharton & Garrison, LinkedIn co-founder Reid Hoffman, Mellody Hobson of Ariel Investments, Chip Bergh of Levi Strauss and Arthur Blank, Home Depot co-founder and owner of the Atlanta Falcons.

Representatives of AMC Theaters and three major airlines were also in attendance.

Major corporations’ recent foray into the election policy debate comes as Republicans across the country work to advance hundreds of restrictions, changes that voting rights advocates and civil rights groups argue would disproportionately affect voters of color. Earlier this month, several major corporations spoke out against a restrictive new law in Georgia and pending legislation in Texas, while Major League Baseball announced it would move the All-Star Game out of Atlanta in protest of the state’s law.

Republicans immediately pushed back.

Senate Minority Leader Mitch McConnell, R-Ky., said that it is “stupid” for corporations to take stances on divisive political issues, before warning corporate America to “stay out of politics.” (He softened his stance a day later, saying, “I didn’t say that very artfully yesterday. They’re certainly entitled to be involved in politics. They are. My principal complaint is they didn’t read the darn bill,” referring to Georgia’s recently enacted law.)

Texas Lt. Gov. Dan Patrick, a Republican, called the corporate response “nonsense,” and said American Airlines’ CEO should “go away” after the airline denounced a GOP-sponsored bill under consideration in the state where it is headquartered. Republican lawmakers in Texas advanced another restrictive voting bill out of the state House Thursday.

Sonnenfeld said he and other organizers invited more than 120 CEOs and hoped a dozen would join. Ninety turned out with just 48 hours’ notice — with a few calling in from Augusta, Georgia, where the Masters Tournament was underway — for the 2 p.m. ET call Saturday. Organizers left the Zoom room open after they wrapped up at 3:10 p.m., because attendees were still active in the chat.

“The overriding spirit is they don’t want politicians using wedge issues to try and solidify their hold on office, because that leads to angry communities and finger-pointing workforces and divided shareholders. It makes their job as CEOs harder to manage these constituents. They want social harmony,” Sonnenfeld told NBC News.

The Black Economic Alliance is coordinating a public statement that’s likely to be released this week, said Mike Ward, co-founder of the Civic Alliance, a nonpartisan group that encourages civic participation from businesses.

Ward said he’s helping organizers to follow up with companies on their responses and expects that a number of companies will come out in favor of federal voting legislation in the coming weeks.

House Democrats recently passed a sweeping voting rights bill, the For the People Act, which would create a federal floor of election access and regulations. Majority Leader Chuck Schumer, D-N.Y., has promised it would get a vote in the full Senate, but its chances of passage are slim because of the 60-vote threshold in chamber currently split 50-50.

Democrats are also expected to reintroduce the John Lewis Voting Rights Advancement Act, which would update and strengthen the Voting Rights Act, this year.

Sonnenfeld said the call’s strong attendance as a “statement of defiance” against Republican pushback to corporate criticism.

“We had the top brass of American Airlines, United Airlines, and Delta. If they’re going to boycott airlines, they better have their own jet,” he said.



Source link

Continue Reading

Politics

Boris told to rip up Brexit deal as Britain waits for EU ratification – 'Pull plug NOW!'

Published

on

BORIS JOHNSON has been told to “pull the plug” on the post-Brexit trade deal with the European Union as Brussels continues to drag its feet over ratifying the agreement.

Source link

Continue Reading

Politics

Furious Nicola Sturgeon lashes out at Boris over Indyref2 – 'Can't stand in the way!'

Published

on

NICOLA Sturgeon has furiously lashed out at Boris Johnson over a second Scottish independence referendum, as she argued the Prime Minister “cannot stand in the way”.

Source link

Continue Reading

Trending