Tag Archives: donald trump

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Trump tariffs could add $40 billion to holiday shoppers’ and sellers’ costs, LendingTree warns

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American Consumers to Spend Billions More This Holiday Season Due to Trump-Era Tariffs

American consumers are expected to have wallets billions of dollars lighter this holiday season, according to a recent analysis by LendingTree. The increased costs stem from tariffs imposed during President Donald Trump’s administration, which continue to impact prices on a variety of consumer goods.

Sunday marked six months since the announcement of the broad “liberation day” tariffs. Since then, prices for select food items and consumer products have risen. Now, as holiday merchandise that has been stored in warehouses for months finally reaches store shelves, consumers are beginning to feel the full impact of these added costs.

### LendingTree’s Analysis on Holiday Spending

LendingTree, an online lending marketplace, used 2024 winter holiday spending data to assess the financial effect of the tariffs on the upcoming season. The company estimates that the new tariffs will increase total holiday costs for both consumers and retailers by approximately $40.6 billion.

Of this amount, consumers are expected to bear the brunt, shouldering an estimated $28.6 billion in extra expenses. This increase translates to about $132 more spent per shopper. Retailers, meanwhile, are expected to cover the remaining $12 billion in elevated costs.

Matt Schulz, LendingTree’s Chief Consumer Finance Analyst, commented on the findings:
“For most Americans, spending an extra $132 at the holidays is significant. While it may not be earth-shattering, it can have a real impact on many families. It could prompt people to cut back on gift-giving this year or lead to them taking on extra debt. That’s a choice no one wants to have to make.”

### Impact on Consumer Behavior and Retailers

Retail analysts have told CNBC that they expect consumers to purchase fewer items this holiday season as a result of higher costs caused by tariffs. Schulz echoed this sentiment, calling it an “unfortunate reality” many consumers will face.

He added, “That might mean giving fewer items as gifts, or it could mean having to absorb the higher costs to give your loved ones what they want. I doubt we’ll see a huge drop-off in the amount of electronics and clothes gifted this year, simply because they are what many people want. However, for some, higher prices may leave them with no other choice.”

### Sectors Most Affected by Tariffs

LendingTree’s analysis highlights electronics buyers as facing the biggest increase in holiday spending, with an average additional cost of $186 per shopper. Clothing and accessories follow, with an estimated added cost of $82 per shopper.

As the holiday season approaches, shoppers and retailers alike may need to adjust their plans and budgets in response to these increased prices driven by ongoing tariff policies.
https://www.cnbc.com/2025/11/02/trump-trade-holiday-shopping-lending-tree-tariffs.html

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Trump vows to ‘fund SNAP as soon as possible’ if court allows, blasts Democrats over shutdown delay

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NEW: You can now listen to Fox News articles!

President Donald Trump said Friday that his administration has asked federal courts to clarify whether it can legally release Supplemental Nutrition Assistance Program (SNAP) payments as the government shutdown continues.

In a statement posted to Truth Social, Trump said government lawyers had raised doubts about whether existing funds could be used for the November distribution, and that two courts have issued conflicting opinions on the matter.

“Our Government lawyers do not think we have the legal authority to pay SNAP with certain monies we have available, and now two Courts have issued conflicting opinions on what we can and cannot do,” Trump wrote.

“I do NOT want Americans to go hungry just because the Radical Democrats refuse to do the right thing and REOPEN THE GOVERNMENT.”

The president said he had instructed administration attorneys to ask the courts for clarification “as soon as possible.”

“If we are given the appropriate legal direction by the Court, it will BE MY HONOR to provide the funding, just like I did with Military and Law Enforcement Pay,” Trump added.

“The Democrats should quit this charade where they hurt people for their own political reasons, and immediately REOPEN THE GOVERNMENT.”

Trump urged food stamp recipients to contact Senate Democrats, writing, “If you use SNAP benefits, call the Senate Democrats, and tell them to reopen the Government, NOW! Here is Cryin’ Chuck Schumer’s Office Number.”

SNAP, formerly known as food stamps, provides aid to about 42 million Americans each month, according to the U.S. Department of Agriculture (USDA). Funding for the program depends on congressional appropriations, which have lapsed during the current shutdown.

USDA Chief warns, “We’re right at the cliff” as 40 million Americans brace for a potential food stamp cutoff.

The president made his comments one day before the scheduled Nov. 1 payment date for many recipients. The USDA has not publicly confirmed whether benefits will be issued if the courts do not provide new guidance.

Trump has repeatedly accused Democrats of prolonging the shutdown to gain political leverage, while Democrats say the White House could reopen the government by signing a short-term spending bill already passed in the Senate.

In his post, Trump referenced his earlier actions to protect military and law enforcement paychecks during the standoff, calling it his duty to “ensure Americans don’t go hungry.”

CLICK HERE TO DOWNLOAD THE.
https://www.foxnews.com/politics/trump-vows-fund-snap-soon-possible-court-allows-blasts-democrats-shutdown-delay

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Fed rate cut is too little, too late — time to show glum Jerome Powell the door

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Commerce Department data and record stock-market highs indicate the US economy is on a tear so far under President Donald Trump. Yes, inflation is still a bit too high at 3%, but under Joe Biden, we had inflation two to three times that level. Economic growth was much lower then—downright anemic compared to the near 4% we’ve seen over the past six months, as measured by the Atlanta Federal Reserve Bank.

Someone please tell Federal Reserve chief Jerome Powell the good news.

On Wednesday, Powell announced a modest quarter-point interest rate cut, lowering rates to a new range of 3.75% to 4%. This is the first time in nearly three years that the benchmark rate has dropped to so low a level. It’s a decision that should add further energy to the US economy. Yet, in his comments, Powell sounded downright glum.

He described the economy as being in a period of “moderate growth,” wrongly stating that the United States is limping along at a 1.6% GDP growth rate. He also expects sub-2% economic growth next year. Talk about the tyranny of low expectations.

Powell remains hyper-critical of Trump’s trade policies and said he expects “some significant inflation… from tariffs” that will show up “pretty soon.” He’s only half-right at best. Tariffs are taxes that reduce growth and, in isolation, will spill into higher consumer prices. (Just look at what has happened to coffee prices due to tariffs of up to 50% on Brazilian and Colombian coffee beans.)

But Powell rarely, if ever, tells the world that Trump’s tax cuts, his cost-cutting deregulations, his “drill, baby, drill” energy strategies—which have produced record low oil and gas prices—and his many productive trade deals have been economic boons. These pro-growth policies all are disinflationary.

The biggest problem at the Fed is that, as Steve Forbes has correctly pointed out, Powell and his cadre of 300 PhD economists still believe that growth causes inflation. Apparently, if we reduce the production of goods and services, their prices will go down? That’s a little like hoping the sun rises in the west.

The Fed needs an abrupt change of course. It should always and everywhere defend the dollar and price stability through its interest rate policies and through its economic rhetoric. This would help reverse the greenback’s slide against other currencies and, in turn, reduce inflationary pressures.

The Fed should be cheerleading most of Trump’s supply-side and pro-America policies while waving cautionary flags about the dangers of tariffs. We also need a Fed chairman who sternly lectures Congress on the need to slash government deficit spending.

Our runaway $7 trillion budget is by far America’s greatest inflation and recession danger. But unlike his predecessor Alan Greenspan, a relentless budget hawk, Powell has been mum on our government’s runaway spending.

The Fed has done none of these things and instead has been a restraint on growth and higher incomes. That is why the time to shake up the Fed is now. Jerome Powell needs to go sooner rather than later.

*Stephen Moore is a former Trump senior economic advisor and a co-founder of Unleash Prosperity.*
https://nypost.com/2025/10/29/opinion/fed-rate-cut-is-too-little-too-late-show-jerome-powell-the-door/

business, economy

‘If It Weren’t For Me, They Would Be Doing Terrible’: Trump Just Turned On A Group That Loved Him, And Their Shock Is Palpable

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**American Cattle Ranchers Feel Let Down by Donald Trump’s New Beef Import Plans**

For years, cattle ranchers in America struggled to make a profit from their beef. Recently, however, conditions began to improve. Now, many ranchers feel that Donald Trump is letting them down with a new plan that could hurt their business.

According to MSNBC, last week Trump discussed buying more beef from Argentina. Just days later, his team announced plans to increase beef imports from Argentina to four times the current amount. Trump argues that this move will make beef cheaper for shoppers. The plan also supports Javier Milei, who currently leads Argentina and is a friend of Trump. Additionally, the U.S. is providing Argentina with $40 billion to help stabilize their economy.

This announcement upset many American ranchers, who voiced their concerns publicly. In response, Trump took to Truth Social and fired back, saying, “If it weren’t for me, they would be doing just as they’ve done for the past 20 years. Terrible!” He credited himself for their recent profitability, stating that he made other countries pay extra taxes to sell beef in America. For example, Trump imposed a 50% tariff on beef from Brazil.

Despite this, he urged ranchers to lower their prices, emphasizing that regular shoppers matter to him.

**Ranchers’ Concerns and Political Reactions**

Some ranchers posted videos from their farms expressing continued support for Trump but also concern that this new plan could disrupt the positive momentum just as business was improving. A few Republican politicians from agricultural districts have also criticized the plan, though most remain cautious about openly upsetting Trump.

The price of beef has risen significantly. Since Trump’s return to the presidency in January, ground beef prices have increased by 20%. Several factors contribute to this rise:

– Years of drought have reduced the number of cattle available.
– Trump’s tariffs have made beef imports from other countries more expensive.
– Mexico halted all beef exports this year due to an infestation of screwworms.

With less beef available but steady consumer demand, prices naturally climbed, benefiting ranchers who are finally earning better income.

**Rising Costs Beyond Beef**

It’s not just beef prices rising; overall consumer prices are increasing by about 3% annually. Many Americans face higher electric bills and soon will see much larger health insurance costs. Additionally, millions of car owners struggle to keep up with their vehicle payments.

This financial strain affects how people feel about spending money.

When Trump campaigned for the 2024 presidency, he promised that prices would drop quickly once he was in office. Recently, he claimed he had solved the inflation problem. However, surveys show that most Americans believe he is failing to manage the cost of living effectively.

—

*This article highlights the mixed reactions among American cattle ranchers and consumers regarding President Trump’s new beef import plans, and the broader economic challenges facing the country.*
https://attackofthefanboy.com/news/if-it-werent-for-me-they-would-be-doing-terrible-trump-just-turned-on-a-group-that-loved-him-and-their-shock-is-palpable/

business, economy, trade

Estados Unidos y China alcanzan un acuerdo marco sobre comercio antes de la reunión entre Trump y Xi. Estas son las claves

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Funcionarios de Estados Unidos y China alcanzaron un acuerdo marco, evitando un arancel potencialmente ruinoso del 157 % sobre los productos chinos y allanando el camino para un posible acuerdo comercial que será discutido entre el presidente Donald Trump y el líder chino Xi Jinping a finales de esta semana. Los mercados asiáticos y los futuros de acciones estadounidenses reaccionaron positivamente a la noticia.

Esto es lo que sabemos hasta ahora sobre las conversaciones.

Los negociadores de Estados Unidos y China llevaron a cabo su última ronda de conversaciones en Kuala Lumpur, la capital de Malasia, la primera parada de la gira diplomática relámpago de Trump por Asia. Fue poco después de que Trump aterrizara el domingo cuando surgieron las primeras señales positivas sobre las negociaciones comerciales.

“Creo que hemos alcanzado un marco sustancial para que los dos líderes se reúnan el próximo jueves”, dijo el secretario del Tesoro, Scott Bessent, en ABC desde Kuala Lumpur, donde él y el representante comercial Jamieson Greer encabezaron la delegación estadounidense para la quinta ronda de conversaciones presenciales.

Ahora todas las miradas están puestas en la esperada reunión entre Trump y el líder chino Xi Jinping en Corea del Sur este jueves, la cual ya está marcada por dudas sobre si realmente se llevará a cabo. La reunión, la primera entre ambos durante el segundo mandato de Trump, tendría lugar al margen de la cumbre de CEO de la Cooperación Económica Asia-Pacífico (APEC), donde se espera que Trump pronuncie un discurso.

Beijing aún no ha confirmado que la reunión se realizará, aunque esto no es inusual, ya que el Gobierno chino rara vez lo hace hasta que las conversaciones están en marcha. Sin embargo, las últimas señales de los negociadores comerciales en Malasia establecen un tono más positivo de cara a esa reunión tan esperada.

Las fricciones entre ambos países aumentaron rápidamente en septiembre después de que Estados Unidos ampliara su lista negra de exportaciones para restringir significativamente el acceso de más empresas chinas a la tecnología estadounidense. Por su parte, China intensificó sus propios controles de exportación sobre minerales de tierras raras.

La ampliación de las restricciones de Beijing sobre estos minerales críticos, de los cuales China tiene un papel casi monopólico en el procesamiento, llevó a Trump a prometer nuevos aranceles del 100 % a las importaciones chinas, que originalmente debían entrar en vigor en noviembre.

Ninguna de las partes ha proporcionado detalles completos del acuerdo marco, pero Bessent dijo en NBC que anticipa que Estados Unidos obtendría “algún tipo de aplazamiento” en los controles de exportación de tierras raras, y agregó que el marco prepara a Trump y Xi “para tener una reunión muy productiva”.

También señaló en CBS que China haría una compra “sustancial” de soja estadounidense. Los agricultores de soja en estados como Illinois, Iowa, Minnesota e Indiana han estado cosechando este otoño sin órdenes de compra de China, que antes era el mayor comprador de soja estadounidense.

Sobre el fentanilo, Bessent comentó que se llegó a un acuerdo inicial para una mayor cooperación para frenar el flujo de precursores químicos de la droga ilegal hacia Estados Unidos.

Además, destacó que ambas partes han alcanzado un “acuerdo final sobre TikTok”, cuyos activos en Estados Unidos deben ser vendidos a compradores estadounidenses según la legislación local. Estados Unidos y China finalizaron este acuerdo tras las conversaciones en Madrid.

“A partir de hoy, todos los detalles están resueltos, y eso quedará para que los dos líderes concreten esa transacción”, afirmó Bessent.

El domingo, la agencia estatal china Xinhua informó que los negociadores comerciales de Estados Unidos y China alcanzaron un “consenso preliminar” sobre cómo abordar sus “respectivas preocupaciones”.

Li Chenggang, el principal negociador comercial de China, quien encabezó la delegación china junto al viceprimer ministro He Lifeng, señaló que ambas partes mantuvieron conversaciones profundas sobre temas como los cargos portuarios especiales de EE. UU. a barcos construidos en China, la extensión de la tregua comercial, los aranceles al fentanilo, la cooperación en la lucha contra las drogas ilegales y los controles de exportación.

“Los sobresaltos y fluctuaciones” entre ambos países durante el último mes “no eran lo que China quería ver”, dijo Li a los periodistas tras las conversaciones del domingo, al tiempo que recalcó que China sigue firme en la defensa de sus intereses a pesar de la postura dura de Estados Unidos.

“Ambas partes acordaron seguir concretando los detalles específicos y cumplir con sus respectivos procesos de aprobación interna”, concluyó el comunicado.
https://wtop.com/news/2025/10/estados-unidos-y-china-alcanzan-un-acuerdo-marco-sobre-comercio-antes-de-la-reunion-entre-trump-y-xi-estas-son-las-claves/

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Bitcoin flashing ‘rare’ top signal, Hayes tips $1M BTC: Hodler’s Digest, Oct. 19 – 25

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Top Stories of The Week

Trader who made $190M shorting crash also apparently bet on CZ’s pardon

The anonymous crypto trader who reportedly made millions shorting the crypto market before US President Donald Trump’s tariff announcement appears to have profited again by betting that Trump would pardon the founder of Binance.

Onchain sleuth Euan highlighted Etherscan data showing a connection between this trader and a Polymarket account. The crypto wallet allegedly made $56,522 on Polymarket by betting that Trump would pardon Changpeng “CZ” Zhao sometime in 2025.

This trader had already been suspected within crypto circles of having access to insider knowledge, after their tightly timed Bitcoin and Ethereum shorts just hours before Trump’s tariff announcement sent prices tumbling.

Rumble partners with Tether to add Bitcoin tips for content creators

Video-sharing platform Rumble is preparing to roll out Bitcoin tipping for its more than 51 million monthly active users, announced CEO Chris Pavlovski on Friday.

Rumble has teamed up with stablecoin issuer Tether to enable Bitcoin tipping, Pavlovski said onstage at the Plan ₿ Forum in Lugano, Switzerland. “Right now, we’re in the testing phase [but] we’re going to start rolling that out alongside Tether here in the coming weeks,” he added.

Tether CEO Paolo Ardoino, also onstage, expects a full rollout by early to mid-December once small bugs are fixed and the user experience is polished.

‘Crazy stuff’ needed for Bitcoin to reach $250K this year: Novogratz

Galaxy Digital CEO Mike Novogratz said that for Bitcoin to reach $250,000 by the end of the year, the planets would almost need to align perfectly.

Several crypto executives have recently reaffirmed their $250,000 Bitcoin price predictions for year-end. “The end of the year is only two and a half months away,” Novogratz said during a CNBC interview, adding: “There would have to be a heck of a lot of crazy stuff to really get that kind of momentum.”

Arthur Hayes calls for $1M Bitcoin as new Japan PM orders economic stimulus

Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday aimed at easing inflation’s impact on households.

Some crypto observers believe these measures may drive more capital into Bitcoin. The stimulus includes subsidies for electricity and gas charges, as well as regional grants to ease price pressures and encourage small to medium-sized businesses to raise wages.

BitMEX co-founder Arthur Hayes interpreted this as a precursor to more fiat money printing by Japan’s central bank, which he says may propel Bitcoin’s rise to $1 million. “Translation: let’s print money to hand out to folks to help with food and energy costs,” Hayes commented on X, adding this dynamic might trigger a rise in both Bitcoin and the Japanese yen.

Prediction markets hit new high as Polymarket enters Sam Altman’s World

World co-founder and OpenAI CEO Sam Altman’s digital identity project, previously known as Worldcoin, is expanding into prediction markets by integrating Polymarket.

The World App, a mobile app combining a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced Tuesday.

“World App users can download and access the new Mini App today in countries where Polymarket’s services are permitted,” the announcement said.

Winners and Losers

At week’s end, Bitcoin (BTC) is trading at $111,265, Ether (ETH) at $3,932, and XRP at $2.60. The total crypto market capitalization stands at $3.61 trillion, according to CoinMarketCap.

Among the top 100 cryptocurrencies, the biggest altcoin gainers of the week are:

  • Humanity Protocol (H) – 224.39%
  • Virtuals Protocol (VIRTUAL) – 80.72%
  • ZCash (ZEC) – 28.45%

The top three altcoin losers of the week are:

  • Plasma (XPL) – 7.93%
  • PancakeSwap (CAKE) – 5.91%
  • TRON (TRX) – 5.03%

For more on crypto prices, be sure to read Cointelegraph’s detailed market analysis.

Most Memorable Quotations

“If Congress does not stop this kind of corruption, it owns it.” – Elizabeth Warren, US senator

“So the most likely outlook is we’re rangy between 100 and 120 or 125, unless we take out the top side.” – Mike Novogratz, CEO of Galaxy Digital

“Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops.” – Peter Brandt, veteran trader

“Sometimes we’re literally selling 50 million an hour or 100 million an hour and buying the $100 million of Bitcoin the same hour.” – Michael Saylor, executive chairman of Strategy

“So what happens there is the AI analyzes where you are, looks at the geography of what retailer [is nearby] and determines that that’s the one, and then uses a blockchain to actually do a digital payment system for the tall low-fat latte.” – Kevin O’Leary, multimillionaire

“I’ve been saying for the past two years that the influence of @paradigm within Ethereum could become a relevant tail risk for the ecosystem. I believe this will become increasingly clear to everyone in the months ahead.” – Federico Carrone, Ethereum developer

Top Prediction of The Week

XRP price eyes rally to $3.45 after Ripple CEO tells investors to ‘lock in’

XRP is flashing signs of a potential 35% breakout as bullish technicals align with fresh fundamentals, including Ripple CEO Brad Garlinghouse’s renewed push for the blockchain company’s “internet of value” vision.

Technical analysis indicates that XRP has bounced off the lower trendline of its prevailing ascending triangle pattern—a support that has historically preceded powerful rebound moves, including 70-80% jumps earlier in 2025.

Top FUD of The Week

Spot Ether ETFs see outflows for second consecutive week amid ‘cooling demand’

Spot Ethereum exchange-traded funds (ETFs) have experienced two straight weeks of outflows amid cooling investor sentiment after months of strong inflows.

According to SoSoValue data, Ether products posted $243.9 million in net redemptions for the week ending Friday, following the previous week’s $311 million outflow.

This brings cumulative inflows across all Ether spot ETFs to $14.35 billion, with total net assets at $26.39 billion—approximately 5.55% of Ethereum’s market cap.

On Friday, the funds saw $93.6 million in outflows. BlackRock’s ETHA ETF led withdrawals with $100.99 million outflows, while Grayscale’s ETHE and Bitwise’s ETHW posted minor inflows.

Young Australians’ biggest financial regret: Ignoring Bitcoin at $400

Over 40% of Australian Gen Z and Millennials regret not investing in cryptocurrency a decade ago, a new survey from crypto broker Swyftx reveals.

The study, conducted by YouGov and released Thursday, surveyed 3,009 people. Nearly half of those under 35 expressed regret for missing out on crypto, followed by regrets over not buying property or shares in big tech companies like Apple and Amazon.

The fear of missing out (FOMO) is likely fueled by institutional buying of Bitcoin and Ether by corporations, sovereign entities, and US pension funds, according to Swyftx.

Bitcoin chart is echoing the 1970s soybean bubble: Peter Brandt

Veteran trader Peter Brandt warns that Bitcoin’s price chart is starting to resemble the soybean market of the 1970s, which topped before plunging 50% amid excess global supply.

“Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops,” Brandt told Cointelegraph. “In the 1970s, Soybeans formed such a top, then declined 50% in value.”

However, some Bitcoin analysts remain confident that the charts signal further upside ahead.

Top Magazine Stories of The Week

Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin

The author of The Mysterious Mr Nakamoto chased suspects worldwide and is now open to the idea that Satoshi Nakamoto might be an ex-cypherpunk working for the NSA.

Most wealthy Hong Kong investors plan to buy crypto, Japan’s Bitcoin plan: Asia Express

Hong Kong’s wealthy investors are planning to enter the crypto market this year, South Korea is poised to ban stablecoin yields, and more regional updates.

Cliff bought 2 homes with Bitcoin mortgages: Clever or insane?

Buying a house on credit while holding Bitcoin sounds intriguing. Bitcoin-backed mortgages offer interesting benefits, but what are the drawbacks? We explore this trend in the latest feature.

https://cointelegraph.com/magazine/bitcoin-flashing-rare-top-signal-hayes-tips-1m-btc-hodlers-digest-oct-19-25/?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

government, international, politics

Trump begins week-long Asia tour to meet Xi Jinping amid government shutdown

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**President Donald Trump Departs U.S. for Asia Tour, Including Meetings with Chinese President Xi Jinping**

*By Katherine Mosack | OAN Staff*
*10:47 AM, Saturday, October 25, 2025*

President Donald Trump has departed the United States to tour three Asian nations and meet with Chinese President Xi Jinping. The president boarded Air Force One on Friday night and is expected to arrive in Malaysia on Sunday morning.

His first stop will be the annual Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur. Trump attended the summit once during his first term, and this year’s event comes at a critical time as Malaysia and the U.S. work to address a conflict between Thailand and Cambodia.

Following the summit, Trump is scheduled to meet with Malaysian Prime Minister Anwar Ibrahim and participate in a joint signing ceremony alongside Thai Prime Minister Anutin Charnvirakul and Cambodian Prime Minister Hun Manet. Earlier this year, Trump threatened to withhold trade deals from Thailand and Cambodia until they resolved their skirmish.

“I told the leader of Malaysia, who is a very good man, I think I owe you a trip,” Trump told reporters aboard Air Force One, giving credit to Ibrahim for his collaborative efforts with the U.S. to halt the fighting.

In addition, a meeting with President Luis Inacio Lula da Silva of Brazil may also take place on Sunday. The Brazilian leader reportedly wishes to discuss the U.S. cutting a 40% tariff on Brazilian imports and may address Trump about recent U.S. military strikes on alleged drug trafficking boats off the South American coast. While Lula has mentioned plans for a meeting, the White House has not publicly confirmed it.

After Malaysia, Trump will visit Japan and South Korea to discuss at least $900 billion in investments for U.S. factories and projects. These investments are part of an agreement to reduce Trump’s tariffs from 25% down to 15%.

In Japan, Trump will meet with Prime Minister Sanae Takaichi, the country’s first female prime minister and a protégé of the late Shinzo Abe, who was assassinated after leaving office. “I look forward to meeting her,” Trump said, highlighting her connection to Abe as “a good sign.”

Trump will also be hosted by Japanese Emperor Naruhito and will meet with U.S. troops stationed in Japan, according to a U.S. official who spoke on condition of anonymity.

One of the most highly anticipated stops is a meeting with President Xi Jinping, expected around the time of the Asia-Pacific Economic Cooperation (APEC) summit while Trump is in South Korea.

“We have a lot to talk about with President Xi, and he has a lot to talk about with us,” Trump told reporters as he departed the White House. “I think we’ll have a good meeting.”

The meeting is aimed at de-escalating the ongoing trade war. Recently, Beijing imposed new export restrictions on rare earth minerals vital for military applications and threatened to impose retaliatory tariffs. Earlier this week, Trump expressed optimism about reaching a “fantastic deal” with Xi.

Trump may also raise the issue of Jimmy Lai, a pro-democracy newspaper founder held in solitary confinement in China since last month, although no such discussion is officially planned.

Speculation has also emerged about a possible reunion with North Korean Supreme Leader Kim Jong Un. South Korea’s Unification Minister Chung Gong-young indicated this month that a meeting in the Demilitarized Zone (DMZ) could be arranged. “They have a lot of nuclear weapons, but not a lot of telephone service,” Trump quipped, suggesting that setting up a visit might be difficult.

The president is expected back in Washington by October 30th. His signature will be required to sign any legislation aimed at reopening the government, which has now been shut down for 25 days.

When asked about the shutdown, Trump said he was unsure if the government funding lapse would be resolved by his return. “America is shut down and the President is skipping town,” Senate Minority Leader Chuck Schumer (D-N.Y.) stated on Friday night. “While Americans are struggling to make ends meet, federal workers are going without pay, and millions of families are bracing for soaring health care costs, the president is leaving the country. Instead of doing his job, President Trump is abandoning it.”

Onboard his flight to Malaysia, Trump told reporters he would be “willing to” meet with Democrats leading the shutdown once he returns, noting that he would have done so earlier if arrangements had been made. “I said come on over, just put the government back. All they have to do is say yes, then it’s over. And then we go into negotiations,” he said.

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https://www.oann.com/newsroom/trump-begins-week-long-asia-tour-to-meet-xi-jinping-amid-government-shutdown/

business, politics, technology

Donald Trump Changes His Mind About Sending Military To San Francisco After Mayor And Tech Billionaires Play Nice

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After engaging in discussions with Mayor Daniel Lurie and tech industry leaders Jensen Huang of Nvidia and Marc Benioff of Salesforce, Trump made a notable about-face.

The conversations with these influential figures appear to have influenced his stance, highlighting the impact of collaboration between political leaders and tech innovators.

This shift underscores the growing importance of dialogue across sectors to address pressing challenges and drive progress.
https://newsone.com/6559548/donald-trump-changes-his-mind-about-sending-military-to-san-francisco-after-mayor-and-tech-billionaires-play-nice/

government, media, politics

La Casa Blanca contraataca críticas demócratas con una polémica cronología que incluye el caso Hunter Biden: “Drogadicto confeso”

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La Casa Blanca provocó una ola de controversia tras publicar una versión de su “cronología de eventos importantes” en el sitio web oficial del gobierno de Donald Trump, donde se destacan escándalos vinculados a administraciones demócratas anteriores.

La línea de tiempo —que tradicionalmente enumera hechos históricos desde la fundación del edificio en el siglo XVIII— fue modificada recientemente para incluir temas polémicos. Entre ellos figura el hallazgo de cocaína en la Casa Blanca durante la presidencia de Joe Biden, acompañado de una foto de su hijo, Hunter Biden, y una descripción que lo califica de “drogadicto confeso”. La entrada también menciona correos electrónicos de negocios en el extranjero y la famosa computadora portátil incautada en 2019.

The Independent señala que el rediseño de la cronología parece formar parte de una estrategia comunicacional de la administración Trump para “trollear” a los demócratas. En el sitio se añadieron también referencias al “romance del presidente Bill Clinton con la becaria Monica Lewinsky” y una foto sobre Barack Obama, en la que se afirma que el exmandatario recibió en 2012 a “miembros de la Hermandad Musulmana”.

Asimismo, se incluyó el “Día de la Visibilidad Transgénero”, celebrado durante las administraciones de Biden y Harris, con la observación de que en 2024 coincidió con el Domingo de Pascua. En esa misma sección aparece una fotografía de la modelo trans Rose Montoya, tomada durante un evento del Orgullo en los jardines de la Casa Blanca, que llevó a su posterior veto en actos oficiales, según reportó The New York Post.

El nuevo portal omite casi por completo los logros de la primera administración Trump y salta directamente de 1970 —año en que se construyó la sala de prensa— a los escándalos de presidentes demócratas. The Independent calificó la selección de eventos como una “cronología diseñada para provocar”, destacando que incluso la publicación oficial en X de la Casa Blanca fue acompañada por un emoji de esmalte de uñas, símbolo comúnmente usado para expresar descaro o indiferencia.

Estos cambios coinciden con la demolición del histórico Ala Este, donde se ubicaban las oficinas de la primera dama y un cine familiar. Las imágenes difundidas muestran escombros acumulados mientras se despeja el terreno para un nuevo salón de baile de 90,000 pies cuadrados, con capacidad para 1,000 invitados.

Trump aseguró que el proyecto, valorado ahora en unos $300 millones de dólares, está siendo financiado completamente con donaciones privadas. “Hemos recaudado $350 millones de dólares en contribuciones de ciudadanos, empresas y donantes, incluido yo mismo”, declaró el presidente, citado por The New York Post.

De acuerdo con una encuesta de YouGov citada por The Independent, el 53% de los estadounidenses desaprueba la demolición parcial del Ala Este. La senadora republicana Lisa Murkowski reconoció que “la imagen no es buena”, mientras críticos en redes sociales calificaron la cronología de “burla política”.

Pese a las reacciones, la Casa Blanca defendió los cambios. La secretaria de prensa Karoline Leavitt pidió a los ciudadanos “confiar en el proceso” y aseguró que el proyecto es “transparente y financiado sin costo para los contribuyentes”.
https://eldiariony.com/2025/10/24/la-casa-blanca-contraataca-criticas-democratas-con-una-polemica-cronologia-que-incluye-el-caso-hunter-biden-drogadicto-confeso/

business, economy, politics

President Donald Trump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and context.

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WASHINGTON — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake” television ad from Ontario’s provincial government. The ad quoted former U.S. President Ronald Reagan from 38 years ago, criticizing tariffs—Trump’s favorite economic tool.

The ad features audio excerpts from an April 25, 1987, radio address in which Reagan said: “Over the long run such trade barriers hurt every American worker and consumer.”

Trump attacked the ad on Truth Social Friday, posting: “CANADA CHEATED AND GOT CAUGHT!!! They fraudulently took a big buy ad saying that Ronald Reagan did not like Tariffs, when actually he LOVED TARIFFS FOR OUR COUNTRY, AND ITS NATIONAL SECURITY.”

The Canadian premier has since said he will pull the ad that prompted Trump to end trade talks with his country.

### Reagan Foundation Condemns Ad

The Ronald Reagan Presidential Foundation and Institute criticized the ad on X Thursday night, posting that it “misrepresents the ‘Presidential Radio Address to the Nation on Free and Fair Trade’ dated April 25, 1987.” While Trump called the ad fake, Reagan’s words were real—but context is missing.

### The Facts Behind Reagan’s Stance

Reagan, who held office during a period of growing concern over Japan’s rising economic power, made the address a week after imposing tariffs on Japanese semiconductors. He was attempting to explain this decision, which seemed at odds with his reputation as a free trader.

Reagan did not, in fact, love tariffs. He often criticized government policies—including protectionist measures such as tariffs—that interfered with free commerce. Much of his 1987 radio address outlined the case against tariffs.

He said:

> “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.”

### Reagan’s Complex Trade Policies

However, Reagan’s policies were more complicated than his rhetoric. In addition to taxing Japanese semiconductors, he imposed levies on heavy motorcycles from Japan to protect Harley-Davidson. He also pressured Japanese automakers into accepting “voluntary” limits on their exports to the United States, encouraging them to establish factories in the American Midwest and South.

He further pressured other countries to devalue their currencies to help make American exports more competitive globally.

Robert Lighthizer, a Reagan trade official who served as Trump’s top trade negotiator from 2017 to 2021, wrote in his 2023 memoir that “President Reagan distinguished between free trade in theory and free trade in practice.”

In 1988, an analyst at the libertarian Cato Institute declared Reagan “the most protectionist president since Herbert Hoover, the heavyweight champion of protectionists.”

Despite this, Reagan was no trade warrior. Discussing his semiconductor tariffs in the April 1987 radio address, he said he was forced to impose them because the Japanese were not living up to a trade agreement and that “such tariffs or trade barriers and restrictions of any kind are steps that I am loath to take.”

### Trump’s Tariff Approach

Trump, on the other hand, has no such reticence. He argues that tariffs can protect American industry, bring manufacturing back to the United States, and raise money for the Treasury.

Since returning to the White House in January, he has slapped double-digit tariffs on almost every country and targeted specific products including autos, steel, and pharmaceuticals. The average effective U.S. tariff rate has risen from around 2.5% at the start of 2025 to 18%—the highest since 1934—according to the Budget Lab at Yale University.

Trump’s enthusiastic use of import taxes has earned him the nickname “Tariff Man.” However, his approach has drawn challenges from businesses and states, claiming he overstepped his authority.

The Constitution gives Congress the power to levy taxes, including tariffs, though over time lawmakers have gradually ceded considerable authority over trade policy to the White House. The Supreme Court is set to hear arguments in this case early next month.

### Trump’s Claim on Canadian Ad

Trump claimed Thursday that the Canadian ad was intended “to interfere with the decision of the U.S. Supreme Court, and other courts.”
https://www.chicagotribune.com/2025/10/24/trump-canadian-ad-tariffs-explainer/